Vietnam Daily Market Recap March 06 2025 – Market strategy

Stocks rally on rate cut rumor

On Thursday, Asian stocks rose after US President Trump postponed 25% auto tariffs on Mexico and Canada, easing immediate trade concerns and reducing uncertainty for export-driven economies. Additionally, China’s announcement of new fiscal stimulus measures, including a higher fiscal deficit target and support for AI and tech sectors, further boosted investor confidence, leading to gains in Hong Kong and mainland Chinese markets.

The VN-Index, in particular, opened higher and stayed in the green for the entire session, closing up 1.0% at 1,318.2 amid rumors of a reduction in OMO interest rates. Liquidity increased slightly, with total trading value at VND22.5tn (USD881.9mn), up 1% compared to yesterday. The HNX-Index traded similarly, increasing 1.1% to 238.

Most sectors traded positively today, led by Financial Services (+3.3%), Retail (+2.5%), Chemicals (+1.7%) and Technology (+1.7%), while Oil & Gas (0.8%), Media (-0.5%) and Industrial Goods & Services (-0.02%) fell.

HPG (+1.5%), HSG (+3.6%) and NKG (+3.9%) posted strong gains due to news that China plans to cut steel production to curb overcapacity, improve efficiency, and meet environmental targets, aligning with its carbon neutrality goals. While the move may stabilize global steel prices and ease trade tensions, it could also impact employment and economic activity in key steel-producing regions. The long-term success of this strategy depends on industry adaptation, technological advancements, and sustainable practices.

Foreign investors started net buying today, stopping 10 consecutive days of selling, with a net buying value of VND116.9bn (USD4.58mn). Buying momentum focused on HPG (VND204.3bn, USD8.0mn), MWG (VND168.2bn, USD6.6mn), and EIB (VND126.4bn, USD4.95mn). On the other hand, they sold TPB (VND123.6bn, USD4.84mn), VNM ( VND76bn, USD2.98mn) and NLG (VND75.6bn, USD2.96mn).

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