Vietnam Daily Market Recap Nov 04

Stocks surge, led by banks 

The VN-Index opened higher on Tuesday and stayed in positive territory throughout the session, with strong gains in the afternoon, closing up 2.2% at 1,651.9. Market liquidity increased, with total trading value rising 20.2% compared to Monday to VND30.9tn (USD1.2bn). The HNX Index followed a similar pattern, posting a gain of 2.6% to close at 265.9.  

MCH (+6.5%) continued to surge, driving the UPCoM Index to a new all-time high, surpassing the previous record set in late 2024. The stock has risen for 11 consecutive sessions, lifting Masan Consumer’s market capitalization to nearly VND193tn (USD7.6bn). The company is preparing to transfer its listing to HoSE, which could enable its inclusion in key benchmark indices after the move. 

Most sectors rose today, led by Financial Services (+5.9%), Banks (+2.8%) and Real Estate (+2.8%). Food & Beverage (+1.9%), Basic Resources (+2.0%) and Construction & Materials (+1.0%) also advanced. Meanwhile, Technology (-1.4%), Telecommunications (-0.7%) and Utilities (-0.5%) declined. 

Top performers today included VIC (+2.9%), VPB (+6.9%) and TCB (+4.2%). Top laggards included FPT (-1.6%), GAS (-1.6%) and VPL (-1.3%).  

Foreign investors net bought today with a total value of VND1.1tn (USD41.8mn), focusing on VIX (VND326.3bn, USD12.4mn), VPB (VND164.8bn, USD6.3mn) and MSN (VND147.1bn, USD5.6mn). On the other hand, selling pressure was seen in HDB (VND170.4bn, USD6.5mn), MCH (VND125.4bn, USD4.8mn) and STB (VND90.4bn, USD3.4mn).

Read the full report: HERE