Market Beat: VN-Index Makes a Dramatic U-Turn, Soaring Nearly 9 Points at the Close

The market opened the afternoon session on a shaky note, with the index dropping more than 9 points at one point and flirting with the 1,500-point threshold. However, the latter half of the afternoon painted a different picture, as the index staged a steady recovery, erasing the losses from earlier in the day.

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The VN-Index gained 8.71 points to close at 1,521.02, the HNX-Index rose 1.34 points to 250.67, and the UPCoM-Index climbed 0.36 points to 105.16. The market’s liquidity reached over 40.3 trillion VND.

The session’s volatility was largely influenced by the rollercoaster rides of real estate and securities groups, as both sectors turned from red to green.

In the real estate sector, the rebound of VIC, which ended the day up 0.87%, and the slight loss of VHM, down 0.22%, significantly changed the VN-Index’s landscape. Additionally, green hues were visible across other stocks, including NLG, DIG, DXG, CEO, and HDC. In the industrial park group, SZC, IDC, and BCM posted positive results, with SIP even hitting the ceiling price.

Regarding the securities group, despite mixed performances, some notable gainers included VIX, up 3.93%; VND, up 1.28%; and CTS, up 3.67%…

Across the market, several sectors displayed dominant green hues, notably banking, transportation infrastructure, oil and gas, and electrical equipment. Many large-cap stocks witnessed positive momentum, including HDB, SHB, MBB, VSC, BSR, VNM, and VJC

The market’s transformation was also evident in the performance of different capitalization groups. While the Large Cap group trailed in the morning session, it rebounded in the afternoon to lead with a 0.61% gain. Meanwhile, the Mid Cap, Small Cap, and Micro Cap groups rose 0.39%, 0.59%, and 0.2%, respectively.

As the market extended its winning streak, foreign investors net sold over 432 trillion VND. Five stocks witnessed net selling in the hundreds of trillions of VND: HPG, MSN, VHM, FPT, and NLG.

On the buying side, HDB topped with a robust net buy value of nearly 475 trillion VND, followed by SSI, VNM, and SHB.

Morning session: VIC and VHM duo exert pressure, pushing VN-Index towards reference level

Following the initial excitement, the market faced mounting pressure, particularly from the VIC and VHM duo, which wiped off a significant number of points from the VN-Index, bringing it back towards the reference level.

At the end of the morning session, the VN-Index managed a slight gain of 0.9 points to reach 1,513.09. Meanwhile, the HNX-Index and UPCoM-Index climbed 0.72 points and 0.28 points, respectively.

Among the sectors significantly influencing the overall market, the banking sector maintained its dominant green hue, while others exhibited clear differentiation, notably real estate, with the securities sector dominated by red hues.

Within the real estate sector, despite numerous gainers like NLG, DIG, and HDC, the pressure exerted by the VIC and VHM duo, which declined 2.87% and 2.93%, respectively, pushed the sector down 1.62%, making it the worst-performing sector in the morning session.

These two stocks also accounted for the highest point deductions from the VN-Index, with VIC and VHM responsible for over 2.9 points and 2.5 points, respectively.

Source: VietstockFinance

Following real estate, the securities sector declined 0.62%, with notable losers including SSI, VCI, VND, SHS, and FTS

Additionally, several other large-cap stocks posted lackluster performances, such as MSN, MWG, HPG, and FPT

The market’s liquidity reached over 19,597 trillion VND, with the HOSE contributing nearly 18 trillion VND, slightly higher than the average of the last five sessions.

Foreign investors were also active, with net selling of over 400 trillion VND. The most net-sold stocks in the morning session were VHM, MSN, and FPT. On the buying side, HDB led the market with nearly 494 trillion VND, far surpassing other stocks.

10:40 am: Frequent fluctuations, futures unexpectedly turn red

The market experienced several fluctuations in the first half of the morning session, sometimes surging over 12 points to approach 1,525, and sometimes retracing to a gain of less than 3 points. While the VN30 remained slightly positive, the VN30F1M unexpectedly turned red.

As of 10:30 am, the VN-Index had climbed 5.28 points to 1,517.59, with a trading value of nearly 13.1 trillion VND.

The banking group continued its positive momentum, with HDB surging 6.23% and SHB rising 3.7%. The real estate sector also improved compared to the beginning of the session, with green hues appearing in many stocks, notably DIG, NLG, CEO, HDC, and DXG

Meanwhile, the securities sector failed to witness a positive shift. Red hues remained dominant, with SSI losing 1.24%.

In the futures market, the VN30 1-month futures contract (VN30F1M) dropped 2.6 points to 1,650.4, equivalent to a negative basis of 4.02 points compared to the VN30. In contrast, the VN30 remained slightly positive.

Opening: Market continues upward trajectory

Vietnam’s stock market commenced the trading session on July 24th with a positive note, witnessing broad-based participation and price gains across all capitalization groups.

As of 9:30 am, the VN-Index had advanced 7.6 points to 1,519.91, the HNX-Index rose 1.08 points to 250.41, and the UPCoM-Index climbed 0.49 points to 105.29.

A glance at the market landscape revealed the dominance of the banking sector, with prominent green areas, led by SHB, HDB, VPB, TCB, VCB, MBB, and VIB

Numerous large-cap stocks contributed positively to the indices, including VNM, GVR, and VJC

Conversely, other notable sectors, such as real estate, securities, and steel, exhibited less favorable dynamics.

Source: VietstockFinance

The market’s liquidity reached over 3.9 trillion VND. The Mid Cap, Small Cap, and Micro Cap groups actively attracted capital inflows, rising 0.47%, 0.49%, and 0.66%, respectively. Meanwhile, the Large Cap group advanced 0.43%.

Source: VietstockFinance

The local market’s bullish sentiment echoed across Asian peers, with Hang Seng, Shanghai Composite, Singapore Straits Times, and Nikkei 225 climbing 0.47%, 0.25%, 0.47%, and 1.99%, respectively.

US stocks also ended higher overnight as the latest trade developments fueled optimism on Wall Street that the US would secure more deals before the upcoming tariff deadline.

At the close on July 23rd, the Dow Jones rose 507.85 points to 45,010.29, just shy of its record closing high by about 4 points. The S&P 500 advanced to 6,358.91 points, marking its 12th record close this year. The index also hit an all-time intraday high during the session. The Nasdaq Composite climbed to 21,020.02, closing above the 21,000 level for the first time.

Huy Khai

– 4:15 pm, July 24, 2025

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