Vietnam Daily Market Recap Nov 11 – ETF Report

Stocks advance, led by insurance

The VN-Index opened higher on Tuesday and traded in positive territory throughout the session, closing up 0.8% at 1,593.6. Market liquidity dipped 7.2% DoD to VND19.9tn (USD755mn). The HNX Index followed a similar pattern, surging 1.1% to close at 261.1.

Insurance (+2.3%) was led by PVI (+8.8%) as investor sentiment turned positive toward non-life insurers, viewing the recent rise in interest rates as a tailwind for the sector. The recent uptrend in interbank, bond, and deposit rates, driven by year-end credit demand and a ramp-up in public investment, is expected to boost investment income for insurers, with PVI also uniquely positioned to benefit from accelerating projects as the market leader in property insurance.

Most sectors increased, led by Insurance (+2.3%), Food & Beverage (+2.1%), Financial Services (+1.5%), and Retail (+1.4%). In contrast, only Telecommunications (-2.5%), Travel & Leisure (-2.3%), Health Care (-0.5%), Technology (-0.2%), and Oil & Gas (-0.2%) declined.

Top performers included VIC (+1.0%), VHM (+3.6%) and CTG (+1.0), while top laggards included HVN (-4.4%), LPB (-1.7%) and VJC (-0.9%).

Foreign investors net sold today with a total value of VND183bn (USD7.0mn). Selling pressure was concentrated in MBB (VND69.2bn, USD2.6mn), STB (VND70bn, USD2.5mn) and CTG (VND52.7bn, USD2.0mn). On the other hand, top net buying was seen in VIC (VND153bn, USD5.8mn), HPG (VND105bn, USD4.0mn) and VNM (VND81bn, USD3.1mn).

Read the full report: HERE