Vietnam Daily Market Recap Nov 27

Stocks advance, led by Vingroup-related tickers

The VN-Index opened higher on Thursday and traded in positive territory throughout the session, closing up 0.2% at 1,684.3, with most of the gain attributed to Vingroup-related stocks, including VIC (+1.2%) and VPL (+2.6%). Market liquidity fell, with total trading value declining 14.6% DoD to VND21.4tn (USD812mn). On the other hand, the HNX Index opened higher but quickly lost ground during the afternoon session, posting a decline of 0.2% to close at 261.4.

MSB (+7.0%) surged today, as Moody’s upgraded its long-term rating from B1 to Ba3 with a stable outlook, citing improved asset quality and profitability. Sentiment was further boosted by state-owned VNPT’s announcement to auction its entire stake in the bank at a starting price of VND18,239/share, a nearly 40% premium over today’s closing price of VND13,050.

Sector performances were mixed, with gainers led by Chemicals (+0.8%), Insurance (+0.7%) and Retail (+0.7%). In contrast, Travel & Leisure (-1.5%), Telecommunications (-1.2%) and Technology (-0.5%) declined.

Top performers today included VIC (+1.2%), GEE (+7.0%) and VPL (+2.6%). Top laggards included VJC (-2.8%), VNM (-1.3%) and VCB (-0.3%).

Foreign investors net sold today with a total value of VND21bn (USD807,193), with selling momentum focused on VJC (VND303bn, USD11.5mn), VCB (VND103bn, USD3.9mn) and VIC (VND92.1bn, USD3.5mn), while foreigners mainly bought POW (VND330bn, USD12.6mn), TCX (VND116bn, USD4.4mn) and MBB (VND72.7bn, USD2.8mn).

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