Daily Market Watch 13/08/2025: Decent Local Flows Offset Heavy Selling Pressures

MARKET HIGHLIGHTS

o  The VN-Index opened under a heavy profit-taking pressure. Retail investors anticipated that the market could go through another round of consolidation as it does not really hover firmly above the 1,600pts level. The rally's momentum is slowing down amid lower liquidity. Besides, there are several headwinds including (1) the local currency was weakened to a new low, and (2) foreign investors turned to aggressive net sellers in the last several days. As a result, sellers were more active and share prices retreated well in the morning. Stock prices plunged across the board as the Index loss over 1.4% at the end of the morning session. Retail investors were panic and they rushed on selling. Many small/mid-cap stocks went down by 3%-5% as we observed. Large-cap stocks also did poorly and underperformed the Index. There were visible decreases in some stocks such as VPB, FPT, MWG, HPG, and so on.   

o       However, strong dip-buying emerged in the afternoon. Large-cap names such as VIC, VHM, TCB, BID, and STB rebounded well. While several key mid-cap stocks run sharply. This helped improve sentiment among local investors and many turned to be more confident. They even chased prices in some high-beta stocks in brokerage, property, materials, etc. that show signs of a turnaround today. The VN-Index managed to reclaim all losses and even moved up slightly by 0.2% at close.

o       Most of this late-session recovery was driven by retail inflows. The Midcap Index posted 1% gain and Small-cap Index was up 0.8% by the close, vastly high than their prices in the morning. Meanwhile, the VN30 Index remained under foreign selling pressure and retreated 0.1%.

o       Market liquidity surged 22.7% DoD to USD 2.14 bn, reflecting that both profit-taking and bottom-fishing were more active today. Foreign investors maintained their selling streak for a fifth session, net selling USD 57.5 mn today. The heaviest selling was in VN30 constituents such as FPT (-USD 41.5 mn), SSI (-USD 7.4 mn), and MWG (-USD 5.4 mn), while notable net buys included SHB (+USD 5.0 mn), HCM (+USD 3.8 mn), and CMG (+USD 3.7 mn).