Vietnam’s stock market witnessed another robust trading session, with the benchmark VN-Index surging past the 1,269.8 mark, gaining over 19 points on May 8th. This positive momentum was largely driven by strong performances from large-cap stocks, resulting in improved liquidity. The total matching value on HoSE rose by 24% compared to the previous session, surpassing 19.1 trillion VND.
In terms of foreign investment, net buying continued with a net purchase of nearly 239 billion VND across the market. Here’s a breakdown by exchange:
HoSE: Foreign investors net bought approximately 246 billion VND
On the buying side, VIC shares were the most prominently purchased, with a net buy value of 145 billion VND. MBB and HPG also saw strong net buying, each exceeding 100 billion VND. MSN and DXG followed closely, with net buying in the range of 65-75 billion VND.
Conversely, VHM experienced a notable net sell-off by foreign investors, with a net sell value of 283 billion VND. VCB also witnessed net selling of 60 billion VND. Other stocks that faced net selling in the tens of billions of VND included SSI (-52 billion), VRE (-48 billion), and VPB (-48 billion).
HNX: Foreign investors net bought approximately 10 billion VND
SHS shares led the net buying on HNX, with a net purchase value of 9 billion VND. VFS, AAV, PVS, and MBS also saw net buying, although at lower values of a few billion VND each.
On the selling side, IDC and CEO experienced net selling of 5 billion VND each, while NTP, TNG, and VGS faced net selling in the range of 1-3 billion VND.
UPCOM: Foreign investors net sold approximately 18 billion VND
QNS and MCH were the most prominently purchased stocks on UPCOM, with net buying of around 2 billion VND each. KLB, MPC, and CSO also saw modest net buying.
Conversely, VEA faced notable net selling of 14 billion VND, while NTC and ACV experienced net selling of 6 billion and 2 billion VND, respectively. PDV and HBC also witnessed net selling but to a lesser extent.
The Stock Market Shakes Things Up: Domestic Investors Rush to Open Accounts
“There has been a significant surge in the number of domestic investors opening securities accounts, marking the highest increase in an eight-month period. This surge comes amidst a volatile market, heavily influenced by external factors.”
The Smart Money Sells: Foreigners Dump Vietnamese Shares, Offloading Bank Stocks
The sell-off continued into the afternoon session, with VCB and VHM bearing the brunt of it. VCB witnessed a substantial sell-off, with approximately VND 184 billion changing hands, while VHM followed suit with a notable sell-off of VND 134 billion.
The Pearl of Vietnam’s Stock Market: Vinpearl’s HoSE Listing Leaves Rivals in the Dust
With a valuation of approximately 128 trillion VND, Vinpearl has surpassed veteran brands such as Vinamilk, ACB Bank, and the Masan Group to become one of the top-capitalized companies on the Vietnamese stock exchange.
“SCIC’s Third Attempt to Divest from Domesco Falls Through”
The State Capital Investment Corporation (SCIC) has announced its intention to auction off approximately 12.1 million DMC shares to the public. The starting price for this lot of shares is set at a substantial VND 1,531.5 billion.
The Stock Market’s Surprise: Unveiling the Secrets of the ‘Dollar’ King’s Fortune
Today (May 9th), foreign investors turned net sellers, and domestic liquidity became more cautious. The VN-Index closed slightly lower, lacking a strong sector to lead the market. Meanwhile, QCG surged to the ceiling price.
