Daily Market Watch 09/10/2025: Vingroup Stocks Pushed the Market to a New All-Time High

MARKET HIGHLIGHTS

o       The market moved up sharply in the morning and had a break-out from the 1,700 threshold, driven by strong gains in Vingroup stocks including VHM (limit up), VPL (+5.08%), VRE (+3.03%) and VIC (+0.34%). The Index briefly reached a new intraday all-time high at 1,717.65 and cooled down after that as foreign selling pressures weighed on prices of large-cap stocks. Small/mid-cap stocks delivered a mixed performance. Many still went down despite of the Index gain.

o       In the afternoon session, banking stocks strengthened significantly and further supported the Index. Among 27 listed bank stocks, 16 advanced, with 8 gaining more than 1%. The positive sentiment from the VN30  Index (+0.9%) spread to mid-cap stocks, lifting the VNMID Index by +0.7%. Meanwhile, penny stocks underperformed as they failed to attract buying interest. The VN-Index closed up 18.64 points (+1.1%), with market breadth improving to 157 gainers vs. 146 decliners (compared to 115 gainers vs. 160 decliners in the morning).

o       Market liquidity slightly increased compared to the previous session. Total trading value reached USD 1.32 bn (3.58% DoD) despite of the market increase. Foreign investors returned to be sellers after a sudden buy yesterday. Their total net sell value was heavy at USD -61.7 mn, focusing on HPG (-USD 8.3 mn), SSI (-USD 7.2 mn), and VRE (-USD 6.0 mn). Apparently, foreign investors do not really care about the EM upgrade. New flows from EM funds may only come next year. On the buy side, demand concentrated in VIC (+USD 5.8 mn), TCB (+USD 5.7 mn), and BSR (+USD 4.2 mn).