Daily Market Watch 25/07/2025: Market Hits All-Time High, Mid-Caps Lead the Rally

MARKET HIGHLIGHTS

o        The market opened on a strong note, buoyed by robust inflows from retail investors into mid- and small-cap stocks. Individual investors were highly enthusiastic, driven by expectations that the market would surpass its all time high during today’s session. Positive sentiment was further supported by strong performance in several mid-cap names, contributing to broader market optimism. In addition, net buying activity from foreign investors during the morning session focused on large-cap stocks, which helped lift the VN-Index.

o        Market momentum accelerated in the afternoon as the index approached its historical high. Stocks in several high-beta sectors posted strong gains, including (1) Securities, (2) Real estate, (3) Seaports, and (4) Banking.Notably, a wave of profit-taking by individual investors occurred as the market touched its all-time high, briefly dragging down prices. However, bullish sentiment remained intact, and the Index ultimately rose 10.11 points (+0.66%), surpassing its peak.

o        The total matched order value on HoSE reached approximately USD 1.49 bn. Among the top 10 most actively traded stocks by liquidity were SSI (USD 79.3 mn), VND (USD 49.2 mn), VCI (USD 42.7 mn), and VIX (USD 32.3 mn). The weekly average value also climbed to USD 1.3 bn per session, setting a new record high.

o        Foreign investors scaled back their trading activity and maintained a mild net selling position on HoSE, with a total net outflow of just USD 3mn, mostly during the afternoon session. Their trades were highly concentrated, with notable net selling in HPG (- USD 17.6 mn), FPT (-USD 8.6 mn), MSN (-USD 4.8 mn), and VHC (-USD 4.3 mn). On the buying side, inflows were led by SSI (+USD 15.5 mn), VPB (+USD 8.7 mn), VCG (+USD 6.1 mn), and HDB (+USD 4.1 mn). Foreign purchases accounted for 9.6%of total trading value on HoSE.

o        The VN30 basket underperformed, with the VN30 Index rising only 0.49%, as gains and losses were evenly split (13 gainers, 13 decliners). Despite large-cap stocks in the VN30 continuing to support the VN-Index, broader price weakness in the basket was evident. Mid- and small-cap segments remained extremely active, with 17 stocks hitting their ceiling limits. The securities sector saw strong contributions from VIX, VND, and APS. In total,20 stocks in this group gained over 3%. VNMID rose 2.3% and VNSML gained 1%, both outperforming the VN[1]Index. This week, the VN-Index rose 2.26%, outpacing the VN30 Index’s 1.55% gain.