I. VIETNAMESE STOCK MARKET WEEK 28-29/04/2025
Trading: The main indices saw mixed performances in the final trading session of the week. The VN-Index edged down 0.04% from the previous session, ending the week at 1,226.3 points; while the HNX-Index reached 211.94 points, up by 0.23%. For the whole week, the VN-Index lost a total of 2.93 points (-0.24%), whereas the HNX-Index added 0.22 points (+0.1%).
Following the previous volatile week, the market entered the new trading week with caution, especially as investors were preparing for the upcoming holiday period. The market witnessed rather lackluster sessions with two slight declines, along with notable decreases in trading liquidity. Money flow showed signs of polarization, reflecting investors’ cautious sentiment as the VN-Index fluctuated around the 1,230-point threshold.
In terms of impact, TCB acted as the main pillar, contributing over 0.5 points to curb the index’s downward pressure in the final session. Additionally, the gains in CTG and VRE stocks also added more than 0.7 points to the VN-Index. Conversely, the biggest hindrances were SAB, VCB, and VJC, which took away over 1.5 points from the overall index.
The real estate and industrial sectors managed to maintain their positive momentum. These were the only two sectors that remained in the green, with respective increases of 18.22% and 1.02%. Within the real estate sector, several stocks witnessed robust gains, including TDH (+6.91%), FIR (+6.24%), TDC (+6.31%), KSF (+5.49%), DXG (+3.77%), and VRE (+2.38%). However, polarization was evident as many stocks within these sectors dipped into the red with considerable trading volume, notably KDH (-1.31%), PDR (-1.91%), QCG (-1.91%), BCM (-1.26%), NTC (-2.31%), and IDC (-0.55%).
Meanwhile, the industrial sector recorded positive developments, with stocks from the seaport industry surging simultaneously: VSC (+6.92%), PHP (+5.18%), HAH (+5.94%), GMD (+3.92%), TOS (+7.81%), and SGP (+3.42%).
Foreign investors net sold over VND336 billion on both exchanges during the week. Specifically, they net sold more than VND285 billion on the HOSE and nearly VND51 billion on the HNX.
Trading value of foreign investors on HOSE, HNX, and UPCOM by day. Unit: VND billion
Net trading value by stock code. Unit: VND billion
Stocks with notable increases during the week include TDH
TDH rose by 14.25%: TDH experienced a vibrant trading week, surging by 14.25%. The stock witnessed a strong upward move, forming a Rising Window candlestick pattern while closely hugging the Upper Band of the Bollinger Bands. Moreover, trading volume surpassed the 20-day average, indicating robust participation from investors.
However, the Stochastic Oscillator is venturing deep into overbought territory. Investors should exercise caution in the coming period if a sell signal emerges from this indicator.
Stocks with significant declines during the week include VHM
VHM fell by 6.26%: VHM stock faced intense selling pressure throughout the week as it retested the old peak from August 2023 (corresponding to the 61,000-64,000 range). Additionally, trading volume dipped below the 20-day average, suggesting a shift towards a more cautious stance from investors as VHM underwent a sharp upward move recently.
At present, both the Stochastic Oscillator and MACD indicators are likely to generate sell signals. Should this scenario unfold, the short-term downward pressure may persist.
II. STOCK MARKET STATISTICS FOR THE PAST WEEK
Economic & Market Strategy Division, Vietstock Research
Market Beat: VN-Index Turns to Late Session Tug-of-War, Holding on to Green Tint.
The market closed with positive gains as the VN-Index rose by 5.88 points (+0.48%), settling at 1,229.23. Similarly, the HNX-Index witnessed an increase of 0.65 points (+0.31%), ending the day at 211.72. The market breadth tilted towards the bulls with 404 gainers versus 323 decliners. The VN30 basket also painted a positive picture, with 15 gainers outperforming the 13 losers, while 2 stocks remained unchanged, tilting the basket towards the green.
Shark PYN Elite: Deep-Value Adjustments Offer Golden Opportunity to Accumulate Quality Stocks
In PYN Elite’s April 2025 investment report, the large-scale foreign fund with approximately VND 22,000 billion in assets views the recent sell-off in the Vietnamese stock market as an opportunity to accumulate high-quality stocks at attractive discounts.
Stock Market Outlook for April 21-25, 2025: Returning to an Optimistic Mindset
The VN-Index concluded the week on a positive note, with a significant rise in trading volume, surpassing the 20-week average. This indicates a sustained influx of capital into the market. Moreover, foreign investors’ net buying, following an extended period of net selling, serves as a notable supportive signal, boosting investor sentiment and enhancing the short-term positive outlook.
Market Beat: Telecoms Shine as VN-Index Surges Over 13 Points
The trading session concluded with significant gains, as the VN-Index climbed by 13.87 points (+1.16%), reaching 1,211 points. Simultaneously, the HNX-Index experienced a notable surge, rising by 3.74 points (+1.8%) to close at 211.45. The market breadth tilted strongly in favor of advancers, with 636 tickers in the green versus 141 decliners. Dominating the VN30 basket, 23 constituents advanced, five declined, and two remained unchanged, painting a bullish picture across the board.
Market Beat: Afternoon Euphoria Sends VN-Index Soaring by 20 Points
The VN-Index defied the morning’s tug-of-war, surging in the afternoon session to close at 1,269.8 points on May 8, a substantial gain of 19.43 points. Mirroring this positive trend, the HNX-Index climbed 1.8 points to 215.21, while the UPCoM-Index inched up 0.06 points to 92.98. Trading value accelerated, surpassing 20,718 billion VND.
