Vietnamese Stock Market Off to a Bright Start This Week
The Vietnamese stock market started the week on a positive note, allaying concerns about geopolitical tensions in the Middle East. The green hue was not limited to oil and gas stocks but spread across various sectors. Many Bluechips surged, helping the market withstand volatility.
The VN-Index closed at its intraday high, gaining more than 22 points (+1.72%) to surpass the 1,338-point level. This performance placed Vietnam among the top-performing Asian markets on June 16. It was also the VN-Index’s strongest gain since April 11, during the market’s robust recovery from tariff-related lows.
It’s worth noting that liquidity dropped significantly compared to last Friday’s “wash out” session. However, the matching value on HoSE remained relatively high, nearing VND 20 trillion. Moreover, net foreign buying of nearly VND 1,000 billion across various Bluechips sent a positive signal, stabilizing investor sentiment.
According to a recent report by Agriseco, historical data suggests that geopolitical tensions can cause short-term impacts, usually concentrated in the sessions immediately following the event. In most of the analyzed cases, both the Dow Jones and VN-Index were largely unaffected and quickly rebounded within 10-20 sessions.
While the stock market may witness short-term declines, it tends to recover soon after. In the near term, concerns about escalating conflicts can weigh on financial markets.
However, historical data indicates that when conflicts do not cause significant economic damage globally, financial markets do not experience substantial declines and quickly resume their upward trajectory.
“This implies that the initial dip presents an opportunity for medium and long-term investors to purchase stocks with solid fundamentals and promising growth prospects,” the report emphasized.
Furthermore, Agriseco Research opined that Vietnam would not be significantly impacted by the event due to limited trade with the Middle East and negligible direct investment links with Israel and Iran.
Additionally, amidst rising geopolitical uncertainties, international investors seeking stability to diversify their supply chains away from high-risk regions may view Vietnam as a relatively safe destination, given its stable political environment.
The Stock Market Surge: Vietnam Leads Asia Despite Middle East Tensions
The Vietnamese stock market has just witnessed its strongest rally in over two months, surging ahead on June 17th and outperforming its peers since April 11th.
The Energy Sector’s Rising Star: Oil & Gas Stocks Surge Ahead
The VN-Index neared the 1,340-point mark today, with the energy sector leading the market. Many stocks in the industry have surged 10-15% in the last two sessions, approaching their 2-3 month peak.
The Foreign Capital Stampede: A Near 1,000 Billion Buying Frenzy
The local and foreign currencies raced to boost liquidity on three exchanges, reaching nearly 23,000 billion VND, with net foreign buyers at 964.5 billion VND. Specifically, in terms of matched orders, they net bought 942.9 billion VND.
The Stealthy Sell-Off: In-House Brokers Dump $30 Million in Stocks in a Single Day
The proprietary trading group at FPT witnessed a significant sell-off, with a notable net sell value of VND 104 billion.
The Great Real Estate and Stock Market Cashout
Liquidity took a significant hit during the trading week of June 9–13, with real estate and stocks being the two notable sectors experiencing capital outflows.
