Daily Market Watch 10/10/2025: Vingroup Stocks Shined and Pushed The Index To a New ATH

MARKET HIGHLIGHTS

o       The market opened in a positive note in the morning thanks to solid performance of several large-cap stocks. VHM (+4.78%), BID (+1.35%), HPG (+2.25%), and FPT (+1.7%) went up well and pushed the Index well above the 1,700pts level with ease. Retail investors were excited as finally the Index could surpass this resistance after several failure attemps. They participated more actively and the rally was well spread in the market. Mid-cap stocks outperformed as a result. The index closed the morning session up 15.26 points (+0.89%).

o       The rally momentum was a lot stronger in the afternoon as Vingroup stocks extended gains and rose sharply. VIC and VHM hitting the ceiling, VRE up 6.18%, and VPL up 2.06%. These four stocks alone contributed 21.69 points to the VN-Index. The EM Upgrade certainly had a positive impacts on Vingroup stocks as early estimations show that those stocks shall enjoy a major shares of new inflows from EM funds. Besides, there are several headlines/rumors such as total bookings of Vinhomes Green Paradise Can Gio project is quite high (over 5k bookings), while the Hanoi People’s Committee has issued a decision to reclaim a piece of land in a strategic position and assigned Vingroup to develop the Vinhomes Smart City urban functional area. The land plot covers 11 hectares. Investors were excited as this is a quite rare inner city land bank. The Index surged even more strongly toward the end of the trading session and completed at its intraday high level (1,747pts, +1.81%). It ends the week up 6.2%.

o       It’s noticeable that despite of the strong gain of the Index, Small/mid-cap basket underperformed largely. Except some familiar mid-cap names that were still able to perform, most saw modest inflows and could not catch up with the rally of the Index. Small-cap stocks even saw small decline. Market breadth showed limited excitement with 177 gainers and 125 decliners on HoSE

o       Liquidity was almost flat. Total trading value reached USD 1.31 bn (-1.36% DoD). Foreign investors were net sellers of USD 17.7 mn, focusing on VPB (-USD 12 mn), MSN (-USD 10.3 mn), and CTG (-USD 10.1 mn). On the buy side, inflows concentrated in HPG (+USD 17.2 mn), VHM (+USD 10.6 mn), VIC (+USD 8.4 mn), FPT (+USD 5.4mn), and TCH (+USD 3.8 mn). All those 5 stocks jumped strongly thanks to such foreign inflows.