Vietnam’s stock market concluded its first trading week of the new year with notable volatility. Despite the VN-Index closing in the green, the overall market saw a predominance of declining stocks. As of the session’s close on January 9th, the VN-Index surged by over 12 points, reaching a new peak of 1,867.9 points. Trading value on the Ho Chi Minh Stock Exchange (HoSE) hit a high of VND 36 trillion.
Foreign trading activity also proved favorable, with net buying of VND 790 billion across the market. Specifically:
On HoSE, foreign investors net bought approximately VND 805 billion
On the buying side, the banking sector took center stage, with VCB leading in net purchases at around VND 540 billion, followed by VHM (+VND 264 billion), MBB (+VND 240 billion), BID (+VND 223 billion), and CTG (+VND 139 billion).
Conversely, VIX saw the heaviest net selling at roughly VND 198 billion, trailed by GMD (-VND 168 billion). GEX (-VND 122 billion), KDH (-VND 121 billion), and VJC (-VND 96 billion) also faced significant selling pressure.
Top foreign net buy/sell stocks on HoSE. Unit: billion VND
On HNX, foreign investors net bought approximately VND 15 billion
On the buying side, IDC led with net purchases of around VND 26 billion, followed by PVS (nearly VND 13 billion). HUT (+VND 6 billion), TNG (+VND 6 billion), and NTP (+VND 4 billion) also saw net buying interest.
On the selling side, MBS faced the heaviest net selling at approximately VND 21 billion, followed by SHS (-VND 20 billion). CEO (-VND 2 billion), BVS (-VND 1 billion), and PVI (-VND 1 billion) were also among the top net sold stocks.
Top foreign net buy/sell stocks on HNX. Unit: billion VND
On UPCoM, foreign investors net sold approximately VND 31 billion
On the buying side, QNS saw the strongest net buying at around VND 9 billion, followed by F88 (approximately VND 2 billion). Smaller net purchases were recorded in TIN (+VND 1 billion), MPC (+VND 1 billion), and MFS (+VND 0.4 billion).
Conversely, ACV dominated net selling with roughly VND 38 billion, while VGI (-VND 1 billion), VEF (-VND 1 billion), VEA (-VND 1 billion), and MVC (-VND 1 billion) also witnessed notable selling pressure on UPCoM.
Top foreign net buy/sell stocks on UPCoM. Unit: billion VND
January 9th Stock Market Recap: VN-Index Surges Over 12 Points, Real Estate Stocks Face Sell-Off
The VN-Index’s upward momentum in the recent session was almost entirely reliant on the performance of state-backed blue-chip stocks, which played a pivotal role in driving the market’s gains.
Why Are State-Owned Commercial Bank Stocks Surging, with CTG Hitting an All-Time High?
State-owned commercial bank stocks surged following the issuance of Resolution 79, which aims to propel three entities into Asia’s Top 100. Notably, CTG shares soared to an all-time high.
Market Pulse 09/01: Capital Flees Real Estate Sector, VN-Index Holds Steady
At the close of trading, the VN-Index climbed 12.34 points (+0.67%) to reach 1,867.9 points, while the HNX-Index dipped 2 points (-0.8%), settling at 247.1 points. Market breadth favored decliners, with 423 stocks falling and 290 advancing. Similarly, the VN30 basket saw red dominate, as 17 stocks declined, 12 rose, and 1 remained unchanged.
Foreign Block’s Strategic Move: Nearly VND 600 Billion Net Buy as Market Reverses – Which Stocks Were Most Heavily Accumulated?
Foreign investors’ trading activity has been a significant boost to the market, with a net buying value of approximately 568 billion VND. This influx of investment highlights their confidence in the market’s potential and serves as a positive indicator for future growth.
Energy Stocks Surge: GAS, BSR, POW, PLX Hit Upper Limit – What’s Driving the Rally?
The VN-Index soared to an all-time high, surging over 45 points with a robust liquidity of 33 trillion VND, fueled by a widespread rally in energy stocks bathed in purple.
