Daily Market Watch 11/08/2025: The VN-Index Briefly Touched 1,600 Intraday But Failed To Hold

MARKET HIGHLIGHTS

o       The VN-Index opened the week with a strong momentum. It accelarated right in early morning and had some attempts to conquer the 1,600 pts threshold. There were several round of profit taking with visible selling pressures during the day as a number of retail investors were afraid of a sudden flash drop, similar to the tumble when the Index broke through the 1,550 level 2 weeks ago. The Index managed to go higher with the support of several large cap stocks and even surpassed the 1,600pts at the end of the morning session.

o       Selling pressures were stronger in the afternoon and the VN-Index slipped back despite broader market breadth improving. Weakness in several large-cap pillars, including VCB, FPT, GAS, and TCB, weighed on the overall Index. The VN-Index closed at 1,596.86, up 11.91 points (+0.75%).

o       There was a great divergence in the performance in both large-cap and small/mid cap baskets:

§      In the large-cap universe: the rotation in performance continued with a new focus on MSN (+6.91%) and GVR (+6.54%), both of which have been lagging recently and enjoyed strong buying from foreign investors. Besides, SSI jumped 5.63% on the back of its capital raising rumors, MBB added +4.09% as the market was excited about its plan to explore digital asset business. Besides, the plan to pay 3% cash dividend (on par value) and 32% stock dividend certainly helped the stock to perform. On the other side, all 3 vingroup stocks retreated (VRE -2.17%, VHM -1.37%, VIC -1.28%) due to foreign outflows in those names.

§      Small/mid-cap stocks also  saw similar divergence. Stocks in property, industrial parks, brokerage, textile hike notably, while fishery, fertilizer, oil & gas names faced heavy selling overhang and decreased.

o       Total traded value reached USD 1.73bn, down 7.8% from the previous day. Investors were not convinced with the attempts to break out from the 1,600pts level today as liquidity was softer. Foreign investors maintained their net-selling streak throughout the session, totaling -USD 23.8mn. Heavy outflows were recorded in HPG (-USD 7.4mn), FPT (-USD 4.7mn), and GEX (-USD 3.9mn), while inflows targeted VPB (+USD 4.6mn), SHB (+USD 4.2mn), and MSN (+USD 3.4mn).