Vietnam Stock Market Review: Week of June 16-20
Vietnam’s stock market aims high but faces challenges.
The stock market witnessed a dynamic trading week from June 16-20, with strong efforts to reclaim the old peak in the 1,340 – 1,360-point region. Money flow varied across sessions, shifting between industry groups. Blue-chip stocks remained the primary driver for index gains. Overall, the VN Index rose by 33.86 points (+2.7%) compared to the previous week, closing at 1,349.35 points.
Foreign investors’ transactions were also relatively volatile. They net bought strongly at the beginning of the week, then net sold towards the end. This week also marked the restructuring of two foreign ETFs: FTSE ETF and VNM ETF. Cumulatively, foreign investors net sold VND 221 billion in the market over five sessions.
Foreign investors’ net buying and selling during the week.
Focusing on individual exchanges, foreign investors net sold VND 221 billion on HoSE, net bought VND 79 billion on HNX, and net sold VND 118 billion on UPCoM.
Analyzing the stocks, VIC witnessed the highest net selling, reaching nearly VND 983 billion. VHM and STB followed with net selling of VND 550 billion and VND 357.5 billion, respectively. FPT was also net sold, exceeding VND 171 billion. The week’s net selling list included PVD, ACB, VRE, GEX, FRT, and others, with net selling values ranging from tens to hundreds of billions of VND.
On the buying side, HPG attracted the most substantial foreign investment, with a net buy value of VND 640 billion. NVL and VPB also saw notable net buying, with NVL reaching VND 343 billion and VPB VND 227 billion over the week. Other stocks with net buying during the week included VCB, CTG, VCG, SSI, MSN, SHB, and BAF.
The Foreign Sell-Off Continues: Another Day of Heavy Selling by Foreign Investors, with a Focus on Offloading Securities Stocks
The market witnessed a contrasting trend today, with VIC, HPG, and GEX leading the gains. These stocks witnessed strong net buying, with respective values of VND 68 billion, 65 billion, and 60 billion.
Foreign Sell-Off Surges Over $37 Million on Futures Expiry, Dumping Blue-Chip Stocks
The sell-off continued into the afternoon, with FPT stocks witnessing a massive foreign sell-off, amounting to a staggering 389 billion VND.
The Rising Era: Vietnam’s Stock Market on the Journey to Regional Prominence
The Vietnamese stock market is poised for sustainable growth in the decade ahead, fueled by an upgrade in its market status, influx of foreign capital, and a vibrant domestic investor base. This upgrade is a testament to the market’s resilience and potential, attracting global attention and setting the stage for a new era of prosperity.
The Cautious Market Ahead of Expiry: Foreigners Sell a Three-Week Record
The sea of red continues to spread in today’s morning session, attributed partly to the market’s inability to demonstrate a breakthrough surge and partly to the often-unpredictable futures expiration. Trading liquidity on the two exchanges plummeted by 22% compared to yesterday’s morning session, hitting an eight-day low.
The Stock Market Soars to its Highest Peak in Over 3 Years
The VN-Index soared by almost 10 points today (June 17th), closing at 1,347 points – the highest level in over three years. Since hitting a low on April 9th due to market jitters over US tax policy news, the index has staged an impressive recovery, climbing more than 250 points, equivalent to a roughly 23% gain.
