Vietnam Daily Market Recap March 14 2025 – GAS & BID updates

Stocks flat; real estate advances

The VN-Index opened higher on Friday and remained in positive territory throughout the morning, but dropped in the afternoon to close little changed, down just 0.01% at 1,326.2. Total trading value declined 5.9% DoD to VND23.0tn (USD903.7mn). The HNX-Index increased 0.6% to 232.7.

Most sectors declined today, led by Technology (-3.4%), Telecommunications (-2.9%), Oil & Gas (-1.3%) and Media (-1.2%), while Real Estate (+1.2%), Construction & Materials (+0.6%) and Banks (+0.4%) led gainers.

FPT (-3.7%) recorded all-time high trading volume today, with a total value of VND2.8tn (USD 109.4mn), making up 10% of the VN-Index’s trading value. Recent global recession fears have prompted investors to reduce exposure to tech stocks, putting downward pressure on tech equities in the US and worldwide.

NVL (+7.0%) hit its ceiling price today following news that Novaland has won a legal battle concerning its Saigon Co.op An Phu project. The arbitration panel ruled in favor of Novaland, ordering Saigon Co.op Development Investment (SID) to fulfill its contractual obligations regarding the project. The ruling allows Novaland to proceed with acquiring land rights for the project if SID fails to comply. The project, which includes a shopping mall, high-end apartments, and office buildings, has an estimated total investment of VND10.0tn (~USD392.2mn).

Foreign investors were net sellers today, with a net selling value of VND249.3bn (USD9.8mn). Selling momentum continued to focus on FPT, with a total net selling value of VND644.8bn (USD25.3mn), marking the eighth consecutive net selling session. They also net sold DBC (VND179.2bn, USD7.0mn), NLG (VND122.0bn, USD4.8mn) and HPG (VND118.8bn, USD4.7mn). Conversely, they bought VIX (VND358.9bn, USD14.1mn), VHM (VND142.3bn, USD5.6mn) and MWG (VND136.3bn, USD5.3mn).

For the week, the VN-Index was unchanged at 1,326.2. Total liquidity increased 3.5% WoW to VND103.8tn (USD4.3bn). Foreign investor selling surged this week, with total net selling value increasing 150.3% WoW to VND1.9tn (USD74.2mn).

Today’s top gainers included VCB (+0.8%), VIC (+1.6%) and SHB (+7.0%), while top laggards included FPT (-3.7%), GAS (-0.9%) and HVN (-1.9%).

Read the full report: HERE