The stock market opened negatively with about half of the stocks on the HoSE declining, pushing the general index below the reference point. However, buying force quickly emerged, helping the market regain its green color but without significant gains. Before the lunch break, the VN-Index climbed past its new yearly high of over 1,392 points.
In the afternoon, the HoSE index continued to hold above this level but soon lost ground as selling pressure increased. Before entering the ATC session, the market turned red, at times falling below the reference point by about 7.5 points.
Slightly recovering at the end of the session, the VN-Index closed near 1,382 points, down nearly 3 points compared to the previous day. This reversed the trend after 4 consecutive sessions of market consolidation.
The difference between the number of advancing and declining stocks was not significant, with 146 and 168 stocks, respectively. The HoSE still had 7 stocks hitting the ceiling price, notably VSC with nearly 415 billion VND in liquidity, while the rest were thinly traded stocks.
By sector, chemicals, personal and household goods, tourism - entertainment, and real estate performed the worst. Real estate stocks saw active trading, with declines dominating but within a moderate range. CEO, IDC, KBC, NVL, VIC, and TCH mostly fell around 1-2%.
However, industrial park real estate faced significant selling pressure, leading to sharp price drops ranging from 5% to nearly 7% for stocks like SZC, SIP, VGC, NTC, and LHG. Even GVR of the Vietnam Rubber Group fell 5.3%, contributing the most to the VN-Index's decline.
On the other hand, seaports, automobiles - spare parts, and retail performed positively. In addition to VSC hitting the ceiling price, the seaport sector also saw HAH and VOS accumulating gains. Two representatives of the retail group, MWG and FRT, stayed in the green, despite DGW in the same sector declining.
Overall, the market's divergence reflects investor sentiment following news of the phone call between General Secretary To Lam and US President Donald Trump regarding countervailing duties between the two countries.
The market corrected nearly 3 points with liquidity surging past 33,000 billion VND. This represents a 47% increase from the previous session and marks the highest trading value in over two months, since the end of April.
The biggest highlight of the session was the strongest net buying by foreign investors since the beginning of the year, reaching 2,276 billion VND on the HoSE. Foreign investors heavily bought SSI (over 432 billion VND), MWG (over 294 billion VND), along with CTG, HCM, VCI, and DGC.
In a recent report, Maybank Securities (MSVN) suggested that the negotiation yielded positive results for Vietnam and removed a major source of uncertainty for both investors and businesses. Market sentiment will gradually improve as specific details regarding the tariffs become clearer. Nike shares rose 4% overnight, reflecting confidence in the supply chain located in Vietnam (50% of Nike's footwear and 30% of its apparel are produced in Vietnam).
MSVN continues to favor dividend-paying stocks and investment themes supported by the need to restructure economic growth drivers (information technology, logistics, aviation) and government stimulus packages (real estate, consumption, steel).
Vietcombank Securities (VCBS) also assessed that Vietnam achieved positive negotiation outcomes, instilling optimism in the stock market. With the announced tariffs, listed companies are expected to continue adapting, maintain operations, grow profits, and ensure competitiveness with other countries, especially those exporting key goods like textiles, wood, and seafood, as well as industries attracting FDI.
Therefore, VCBS expects this to indirectly support financial sectors like banking, real estate, and securities by preventing bad debts and facilitating capital flow.
Tat Dat
