Vietnam Daily Market Recap May 13

VN-Index edged down 0.1%, while liquidity improved

The VN-Index closed at 1,898.4 on Wednesday, falling 2.7 points (-0.1%) and continuing to fluctuate around the 1,900 threshold as capital flows diverged across sectors. Market breadth turned negative with 140 advancers, 167 decliners and 58 unchanged. HoSE matched value rose nearly 30.0% DoD to VND24.9tn (USD950mn), indicating that market liquidity remained resilient despite cautious sentiment. The HNX-Index gained 0.5% to 254.6, up 1.3 points, reflecting stronger flows into mid- and small-cap stocks.

The VN30 declined 0.5% to 2,043.5, with 12 advancers, 14 decliners and two unchanged.

Sector performance remained mixed. Telecommunications led gains with a 5.6% increase, followed by Oil & Gas rising 4.5% as oil prices stayed elevated amid Middle East tensions. Utilities gained 2.7% while Insurance rose 1.7%. On the downside, Real Estate fell 1.6%, Travel & Leisure declined 1.4% and Financial Services edged down 0.5%. Banking remained broadly flat, rising 0.1%.

Foreign investors recorded net selling of around VND1.5tn (USD56.0mn) on HoSE, focusing on large-cap stocks including FPT at VND382.7bn (USD14.6mn), ACB at VND259.9bn (USD9.9mn), VHM at VND242.3bn (USD9.2mn), STB at VND193.1bn (USD7.4mn) and VIC at VND156.0bn (USD6.0mn). On the buy side, MSB led net inflows with VND545.2bn (USD20.8mn). Foreign flows indicated a rotation away from technology and real estate toward joint-stock commercial banks and energy-related sectors.

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