Vietnam Daily Market Recap March 11, 2025

Stocks inch higher, brushing off US sell-off

The VN-Index opened lower on Tuesday and traded in negative territory for most of the session, weighed down by negative sentiment triggered by a significant sell-off on Wall Street amid concerns over a US economic slowdown. However, late buying pushed the VN-Index to close up 0.2% at 1,332.5, marking a new three-year high. Liquidity declined, with total trading volume falling by 6.1% to VND21.5tn (USD84mn). The HNX-Index also increased 0.5% to 240.5.

Sectors were mixed, with Banks (+0.3%), Real Estate (+0.3%), Retail (+0.9%), Construction & Materials (+1.1%) and Financial Services (+0.7%) gaining, while Food & Beverage (-0.3%), Telecommunications (-1.2%) and Industrial Goods & Services (-0.4%) fell.

Construction & Materials stocks such as NTP (+4.2%), CTI (+6.9%) and IJC (+2.3%) posted strong gains today, with CTI in particular hitting its ceiling price, reflecting that the Vietnamese stock market has reacted positively to the Government’s decisive actions in boosting the economy. Public investment disbursement and prioritizing interest rate cuts are directly supporting business and investor sentiment.

MWG (+1.3%) rose, driven by positive market reaction to signing a memorandum of understanding with Erajaya Indonesia to expand its EraBlue electronics retail chain in Indonesia, a market with nearly 300 million people. The ceremony took place in Jakarta during a business forum attended by General Secretary To Lam, focusing on Vietnam-Indonesia cooperation. MWG also plans to increase EraBlue stores to 150 in 2025, targeting 50% revenue growth.

Foreign investors net sold today, with a net selling value of VND207.7bn (USD8.2mn). Selling momentum focused on MSN (VND85.7bn, USD3.4mn), FPT (VND78.2bn, USD3.1mn), and DGC (VND66.7bn, USD2.6mn). In contrast, they bought VHM (VND98bn, USD3.9mn), EIB (VND82.5bn, USD3.2mn), and SHS (VND63.6bn, USD2.5mn).

Today’s top gainers included VPB (+0.6%), HHV (+0.5%) and MBB (+0.4%), while top laggards included FPT (-0.6%), BVH (-0.2%) and GAS (-0.2%).

Read the full report: HERE