Vietnam Daily Market Recap March 10 2025 – HHV update

Stocks advance, led by basic resources, real estate

The VN-Index opened higher on Monday and traded in the green throughout the trading session, reflecting optimistic sentiment following news that the FTSE has scheduled its mid-term review on Vietnam’s market upgrade for April 9. The VN-Index closed up 0.3% to 1,330.3, a fresh three-year high. Liquidity remained robust, with total trading volume jumping 9.6% to reach VND22.8tn (USD892.7mn). The HNX-Index also increased 0.5% to 238.4.

Market movements were mixed today. Sectors that increased include Basic Resources (+2.0%), Banks (+0.5%), Real Estate (+1.5%) and Media (+1.0%). On the other hand, sectors that decreased include Food & Beverage (-0.3%), Telecommunications (-1.4%) and Technology (-1.4%).

BCM (+6.9%) hit its ceiling price today, following the news that Becamex will conduct a public auction of 300 million BCM shares on April 28, 2025, with a starting price of VND69.600/share. If successful, this will be the largest share auction in the history of the Vietnamese stock market. The auction’s attractive price and the potential for significant capital inflows bolstered investor sentiment.

The industrial park sector rose today, led by SIP and BCM, thanks to optimism on the sector’s prospects for 2025. The outlook for industrial parks in 2025 is highly promising due to increasing foreign investment and government support. Several new industrial parks are being approved across key regions. High occupancy rates are expected to continue, particularly in major economic hubs, driven by growing demand for industrial land. This development is expected to attract new foreign capital to the market, reflecting in sector stock prices.

Foreign investors net sold today, with a net selling value of VND575.7bn (USD22.6mn). Selling momentum focused on FPT (VND160.3bn, USD6.3mn), SSI (VND119.5bn, USD4.7mn), and FRT (VND82.7bn, USD3.2mn). In contrast, they bought MWG (VND144.9bn, USD5.7mn), SHS (VND112.4bn, USD4.4mn), and VIC (VND63.6bn, USD2.5mn).

Today’s top gainers included VIC (+4.4%), MWG (+0.5%) and SHS (+0.7%), while top laggards included FPT (-1.5%), SSI (-0.9%) and FRT (-2.7%).

Read the full report: HERE