Vietnam Insider – Vietnam’s stock market opened in a cautious mood on Thursday but gained momentum toward the close, with the VN-Index rising nearly 9 points to reclaim positive territory and finish just above its 20-day moving average (MA20). Liquidity on the Ho Chi Minh Stock Exchange (HOSE) reached VND 27.8 trillion (approx. USD 1.1 billion), largely unchanged from the previous session.
Trading activity showed clear sector rotation. Real estate was the primary driver, with Vingroup (VIC) surging more than 6% and Vinhomes (VHM) also delivering a strong boost to the index. Other sectors attracting capital inflows included public investment, oil & gas, and energy, where names such as HHV, CII, PVT, NT2, and PC1 posted sharp early gains. In contrast, technology, banking, and brokerage stocks lagged, with many slipping below reference prices and weighing on overall market performance.
Foreign investors remained a headwind, recording net outflows of VND 2.03 trillion, concentrated in large-cap names such as VPB, FPT, SSI, KBC, and VHM. On the buy side, VIC, TCB, and CII attracted some demand, but inflows were insufficient to offset heavy selling pressure.
The VN-Index’s close above the MA20 marks a constructive technical signal, despite continued divergence across sectors. While liquidity has yet to show a breakout, stable domestic inflows helped the market maintain balance.
Analysts expect the index to extend its recovery, with potential to test the upper bound of its trading range around 1,700 points. Investors are advised to take a selective approach, focusing on stocks with strong fundamentals and favorable technical patterns, while maintaining disciplined risk management as the VN-Index approaches key resistance levels. Persistent foreign outflows and unconfirmed strength of domestic active capital remain notable risks.
Stocks with Technical Signals
- Foreign net-buying & strong active inflows: BSR, CTS, HHV, LCG, NT2, PVT, VSC
- Positive technical patterns: VSC, REE, SCR, PLC, HHV, FCN, TCH, HHS, DXG, KDH
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Source: Vietnam Insider