Market Insider – Vietnam’s benchmark VN-Index advanced for a fourth consecutive session on Monday, adding more than 17 points to close just under 1,685, as strong buying in steel, banking, and securities stocks offset lingering concerns over foreign outflows.
Broad-based gains
The index defied expectations of a pullback after last week’s sharp selloff, staying in the green throughout the session and strengthening into the close. Nearly 240 stocks advanced on HoSE, triple the number of decliners. Among large caps, 22 rose while only six fell.
- Banks: BID (+3.1%) was the top index mover, joined by CTG and TCB.
- Securities: Sector-wide gains followed government approval of a market-upgrade plan. VIX hit its ceiling, while VND, VCI, and HCM climbed over 1%. SSI reversed early weakness to close +0.7%.
- Steel: The group rallied broadly; HPG briefly gained 3% before paring back to +1%.
- Energy: Oil & gas majors GAS (+1.1%) and PLX (+0.4%) ended higher.
Liquidity improves, foreign outflows continue
Trading activity picked up, with more than 1.24 billion shares changing hands — up 10% from Friday — and turnover rising to VND 37.6 trillion. HPG led with VND 2.7 trillion in value, followed by VPB at over VND 2 trillion.
Foreign investors remained net sellers for a fifth straight session, offloading VND 1.3 trillion. FPT faced the heaviest pressure, with over 6 million shares sold, followed by HPG, MWG, VND, and NVL.
Analysts at MB Securities (MBS) expect the short-term uptrend to persist, though ETF rebalancing and derivatives expiration this week could inject volatility. Large caps may see pressure, while flows could shift toward mid- and small-cap stocks. MBS set support at 1,600–1,615 and resistance at 1,694–1,700.
