Vietnam Daily Market Recap May 5 – DPM, PC1, PVT, VPB, VCB, OIL, SAB, FRT, VHC, POW, QNS, HDG, VIB, CTG, GAS, PLX & ACV Earnings

Stocks surge, led by Vingroup tickers

The VN-Index reopened on Monday after a five-day holiday and investors were in a buying mood with the index closing up 1.1% at 1,240.1. The HNX-Index also posted a gain of 0.6% to close at 212.8. Total trading value fell 7.6% DoD to VND14.4bn (USD552mn).

Today marks the official launch of the new KRX trading system, a significant step in modernizing Vietnam’s stock market. The new trading system is expected to enhance efficiency and transparency, attracting foreign investment and supporting Vietnam’s push to upgrade from a frontier to an emerging market.

Top performers today included VHM (+4.3%), VIC (+2.9%), and GVR (+4.9%). Top laggards included VCB (-0.4%), VNM (-1.2%) and LPB (-1.2%).

Most sectors traded in the green today, led by Chemicals (+4.0%), Travel & Leisure (+3.0%), and Real Estate (+2.8%). In contrast, AutoMobiles & Parts (-0.6%), Insurance (-0.4%) and Technology (-0.4%) declined.

AST (+6.9%) hit its ceiling price today after releasing positive 1Q25 results. Net revenue reached VND384.8bn (USD14.8mn, +13.3% YoY) and NPAT-MI rose to VND73.8bn (USD2.8mn, +47.3% YoY) driven by: 1) a surge in international tourists; 2) the relaunch of Vietcombank’s priority lounge at Noi Bai airport; and 3) better cost control.

Foreign investors net bought today, with a total net buying value of VND130bn (USD5mn). Buying momentum was focused on VRE (VND130.1bn, USD5.0mn), MSN (VND40.6bn, USD1.6mn), and NLG (VND39.6bn, USD1.5mn). Meanwhile, they net sold FPT (VND231.2bn, USD8.9mn), VCI (VND77.7bn, USD3.0mn), and VCB (VND69.2bn, USD2.7mn).

Read the full report: HERE