Daily Market Watch 25/03/2026: The Market Rebounds Further as Easing Oil Prices Boosts Sentiment

MARKET HIGHLIGHTS

o       The market extended its rebound at the open, supported by a continued decline in global oil prices. Specifically, WTI crude fell more than 5% to around USD 87/bbl. News that the U.S. had proposed a 15-point plan to end the conflict also raised hopes of de-escalation. Investor sentiment improved markedly, triggering broad-based bottom-fishing flows, while holders chose to stay invested. The VN-Index rose 1.92% in the morning session, despite HoSE liquidity declining 3% vs. the previous morning. There were some concerns that retail fuel price hiked further late yesterday, but investors were somehow confident as global oil prices weakened in the morning.

o       In the afternoon, news of a sharp cut in domestic fuel prices further boosted sentiment. Kerosene prices were reduced by VND 4,100/liter to a maximum of VND 36,355/liter, while diesel fell by VND 1,767/liter to VND 37,899/liter, effective from 2:00 PM on March 25. Both the cool down in the Middle East and the adjustment of fuel prices helped the market traded in a positive mode given that stock prices had dropped sharply before due to the escallation of the Iran war that pushed oil price s massively.

o       The market rallied more strongly in the afternoon, driven by aggressive retail dip-buying. Mid-cap stocks outperformed, with multiple limit-up names such as BVH, NT2, CII, PC1, HCM, and VCG, supported by positive news flow and foreign net buying. Large-cap stocks also gained momentum after 2 PM, led by Vingroup-related names, including VHM (+5.25%), VRE (+4.15%), VPL (+4.04%), and VIC (+3.79%), which together contributed 15.17 index points. Notably, 25/30 VN30 constituents advanced versus their morning close.

o       The VN-Index closed up 2.7%, led by VNMID (+3.2%). However, market liquidity dropped sharply by 21.8% DoD, with total trading value on HoSE at USD 869 mn. Local sellers trimmed down selling volumes as they expect that the rebound would take prices higher in the near term. Foreign investors remained net sellers for the 10th consecutive session, with net outflows of USD 27.4 mn.