Daily Market Watch 31/07/2025: VN-Index Holds Key 1,500 Level, Industrial Real Estate and Textile Lead Gains

MARKET HIGHLIGHTS

o       The market opened with a 14.7-point gain during the ATO session, fueled by strong bottom-fishing demand. However, the VN-Index quickly faced persistent selling pressure throughout the session, as profit-taking momentum outweighed cautious dip-buying flows. Large-cap stocks were the main drag, with all of the top 10 market cap names declining between 1–3%.

o       Clearer market divergence emerged in the afternoon session. Mid- and small-cap stocks surged, while the VN30 basket dropped by 0.95%. Several retail familiar stocks stood out, including GEX (+4.92%), EIB (+1.5%), VIX (+6.64%), and SHB (+6.83%), SHS (+5.99%). The VN-Index closed above the key psychological level of 1,500 pts, ending the day at 1,502.52 (-0.34%), marking a constructive signal after reclaiming this level seven sessions ago.

o       Sentiment was also lifted by the announcement that India will be subject to a 25% U.S. tariff, a move that could improve Vietnam’s relative competitiveness in industries where the two countries overlap, namely, industrial real estate and textiles. Related stocks surged, including VGT (+9.92%), TNG (+4.41%), and KBC (+6.75%).

o       Total traded value on HOSE stayed at a high level of USD 1.67 bn. The sustained divergence in market performance suggests a healthy tug-of-war in investor sentiment, rather than a one-sided downturn. Dip-buying flows continued to attract strong liquidity, a contrast to previous post-spike sessions where volumes often faded as investors withdrew to the sidelines.

o       On HOSE alone, foreign net outflows reached USD 75 mn. HNX and UPCoM combined saw an additional 11.7 mn in net selling. Notably, foreign investors offloaded nearly USD 62 mn in VN30 stocks, accounting for 14.8% of the basket's total turnover.