Daily Market Watch 06/11/2025: Liquidity Fell To A Low Level, The Market Turned Quiet

MARKET HIGHLIGHTS

o       The market opened flat with low liquidity, showing little momentum throughout the morning. The only bright spot was VIC (+0.58% intraday), while most other stocks traded in red. After an early rise, the VN-Index reversed as retail investors, having endured prolonged losses, began broad-based selling focused on mid-cap stocks.

o       Sentiment turned more negative after the release of Vietnam’s October macro data. While CPI remained stable at +3.27% YoY and indicators for FDI, production, and business activity were positive (details below), public investment disbursement was slow. As of October 2025, only 63.1% of the annual plan had been disbursed, far from the 100% target with just two months remaining.

o       Selling pressures intensified as retal investors were worry about the potential interest increase given that the USD/VND gray market rate increased to a new high. This pushed the VNINDEX to its intraday low at 1,638 points. Bottom-fishing demand later emerged and helped the market recover partially, though most stocks still closed in the red. Despite briefly turning positive, profit-taking by short-term traders (T+) dragged the VN-Index down -0.7%.

o       Market liquidity fell to its lowest level since July. Total trading value reaching only USD 687 mn (-11.4% DoD) on the HoSE. Cautious and passive buying interest continued to weigh on turnover. Foreign investors remained net sellers with -USD 41 mn, mainly in SHB (-USD 6.9 mn), VPB (-USD 3.9 mn), and HPG (-USD 3.4 mn), while they net bought MWG (+USD 6.8 mn), VIC (+USD 2.8 mn), and VNM (+USD 1.2 mn).