Vietnam Daily Market Recap December 6, 2024 – IDC, HDB Update & Container Ports Sector note

Stocks advance, led by chemical manufacturers

The VN-Index opened higher on Friday with momentum from yesterday’s strong gains and remained in positive territory the whole session, closing up 0.2% to 1,270.1. Total trading value declined 16.1% compared to yesterday’s surge at VND17.6tn (USD693.3mn). Conversely, the HNX-Index closed down 0.3% at 228.9.

BSR (+6.6%) was an outstanding performer today. It seems the market is anticipating that the company will complete its transition from the UPCOM to the HOSE exchange this month.

Chemical stocks also performed well today, including DGC (+4.7%), CSV (+7.0%), DDV (+4.0%) and PAT (+3.5%). China has paused exports of DAP/MAP since December 1, 2024, due to a sharp increase in sulfur prices, which has subsequently driven up the cost of DAP/MAP. In the Vietnamese market, DAP prices have climbed to VND15,800/kg (retail price) from VND15,000/kg recorded in November. In addition, the expectation that “Vietnam becomes NVIDIA’s second home” has increased further after Jensen Huang, NVIDIA’s CEO, came back to Vietnam yesterday for several science and technology events.

Other sectors that also rose included Real Estate (+0.3%), Telecommunications (+2.0%), Chemicals (+2.1%), Retail (+0.3%), Oil & Gas (+1.9%) and Technology (+0.6%). In contrast, Food & Beverage (-0.3%), Industrial Goods & Services (-0.8%) and Utilities (-0.7%) decreased.

Foreign investors net bought today (VND357.7bn, USD14.1mn). Buying momentum focused on SSI (VND157.8bn, USD6.2mn), HPG (VND142.9bn, USD5.6mn), MSN (VND100.1bn, USD3.9mn), TCB (VND78.8bn, USD3.1mn) and DGC (VND68.2bn, USD2.7mn). Conversely, they sold FRT (VND43.2bn, USD1.7mn), VCB (VND42.5bn, USD1.7mn) and DCM (VND33.5bn, USD1.3mn).

For the week, both the VN-Index (+1.6%) and HNX-Index (+1.9%) increased. Foreign investors sold in the first three sessions, but then bought in the last two days. Overall, they net sold VND158.9bn (USD6.3mn). Total trading value surged 31% to average VND16tn (USD630.2mn).

Top gainers today included VIC (+2.4%), BID (+1.3%), GVR (+2.2%), DGC (+4.7%) and FPT (+0.7%). Top laggards were HPG (-0.9%), VPB (-0.8%), MBB (-0.8%), CTG (-0.4%) and BCM (-1.0%).

Read the full report: HERE