Vietnam Stock Market: A Tale of Contrasting Fortunes
The stock market witnessed a relatively volatile trading session on Monday, May 26th, with the VN-Index closing up over 18 points to reach 1,332.51. In this context, foreign investors continued their net selling spree, offloading nearly VND 59 billion worth of shares across the market.
Securities companies recorded a net sell-off of VND 243 billion on the HoSE.
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Figure 1: Net buying and selling activities of foreign investors on May 26th
A deep dive into the data reveals that securities companies offloaded stocks en masse, with EVF bearing the brunt of their selling frenzy at a whopping VND 146 billion. STB and NVL followed suit, witnessing net sell-offs of VND 30 billion and VND 28 billion, respectively. Other stocks that faced net selling pressure included heavyweights like VIC, FPT, PNJ, and VPB.
On the flip side, securities companies displayed a penchant for SSI and MBB, snapping up shares worth VND 23 billion and VND 16 billion, respectively. MSN also caught their fancy, with net purchases totaling VND 14 billion. FUEVFVND, PVD, VCG, and DPM were among the other stocks that enjoyed net buying interest.
The Cash Flow “Ditches” Blue-Chips: Small-Cap Stocks Surge Ahead
The lackluster performance of leading large-cap stocks is weighing heavily on the VN-Index, while the broader market continues to show resilience. This marks a reversal from previous weeks, when the index was propelled by these very same stalwarts, but investors saw limited gains as most stocks lagged.
What’s Behind the Surge in Seafood, Textile, and Construction Stocks?
Plunging in the morning session only to surge in the afternoon, the textile, seafood, port, and industrial park stocks witnessed a rare simultaneous surge.
Where would the Vietnamese stock market be without the Vingroup conglomerate?
The SSI Chief Economist offered insights into the surge of large-cap stocks and the factors influencing the stock market.
Unlocking Vietnam’s Stock Market Potential: Unraveling Key Constraints for a Higher Ranking
In the base case scenario, BSC Research forecasts that the Vietnamese stock market could be considered for inclusion in the MSCI Watch List as soon as June 2025, with a potential upgrade announcement from FTSE Russell expected in September this year.
The Great Exodus: Capital Fleeing Steel Stocks and Industrial Real Estate
Market liquidity took a hit last week. The steel and industrial real estate sectors witnessed prominent outflows, making them the most notable victims of this downturn.
