Daily Market Watch 14/05/2026: A Flash Drop Followed By a Notable Turnaround

MARKET HIGHLIGHTS

o       Vietnam’s equity market opened slightly down. The index fluctuated around the reference level during the first minutes of trading. Blue-chip stocks broadly traded lower early in the session, while Vingroup stocks at one point declined more than 2%. However, the market rebounded sharply during the morning session as all top 10 largest-cap stocks on HoSE rallied 1–3%, led by VIC, VHM, BID, and CTG. Notably, VIC reversed sharply with a 7.1% rebound from its intraday low, while FPT gained more than 4% during the morning session. The VN30 basket closed the morning with 24 gainers and only 3 decliners, serving as the key driver behind the VN-Index’s 20.14-point gain to a new all-time intraday high of 1,918 pts. Market breadth remained positive with 168 gainers versus 110 decliners.

o       Market momentum strengthened further during the afternoon session as VN30 stocks continued attracting strong inflows. Within the VN30 basket, 13 stocks closed higher than their morning levels, led by VIC which advanced another 1.46% in the afternoon to close up 3.98%. The stock also reached a new all-time high of VND229.8k/share following VinFast restructuring news. VHM extended gains by nearly another 2% in the afternoon, closing up 2.95%. VN30 stocks broadly strengthened as foreign selling pressure eased significantly, while financial stocks even attracted strong foreign net buying totaling USD6.6 mn.

o       The VN-Index closed at a new all-time high of 1,925 pts (+1.43%), primarily driven by the VN30 index which rose 1.2%. Market breadth remained moderately positive with 165 gainers versus 128 decliners. Notably, mid- and small-cap stocks underperformed the broader market, with VNMID rising only 0.08% and VNSML slipping 0.02%, as liquidity remained concentrated in large-cap names. Domestic retail investors stayed relatively cautious amid the lack of additional supportive catalysts.

o       Market liquidity declined sharply. Total trading value on HOSE falling to USD 841.9mn (-26.2% DoD). Meanwhile, foreign investor sentiment showed signs of improvement as net foreign trading reversed into a net buying position of USD 10mn on HOSE, following several consecutive net selling sessions since mid-April. The turnaround was mainly driven by a significant slowdown in foreign selling activity, while net foreign inflows increased by 10% compared to the previous session.  Foreign net selling was mainly concentrated in VHM (USD -6.7mn) and TCB (USD -4.8mn). On the other hand, foreign investors recorded strong net buying in VIC (USD +6.2mn), reversing from a net sell position of USD -6.1mn in the previous session, as well as MSN (USD +5.5mn).