Market Overview

The Vietnamese stock market experienced a significant surge, closing 27.12 points higher after a previous session drop of 9.42 points. This marks a six-week high for the market, reflecting a robust trading day.

Trading volume on the Ho Chi Minh Stock Exchange increased by 51%, reaching VND21.04 trillion (US$829 million), indicating heightened investor activity.

Key Performers

The VN-30 basket, which includes the 30 largest capitalized stocks, saw 29 of its tickers gain. Notable performers included SSI of SSI Securities Corporation, which rose 6.9%, and MWG of Mobile World, up 5%. Additionally, STB of Sacombank and BCM of Becamex Investment saw increases of 4.8% and 4.3%, respectively.

Foreign Investor Activity

Foreign investors were net buyers, with purchases amounting to VND675 billion, primarily focusing on HPG of Hoa Phat Group and MSN of Masan Group. This activity contrasts with the broader Asian market, where foreign investors have been net sellers for two consecutive months.

Regional and Sectoral Impact

The HNX-Index for mid and small-cap stocks on the Hanoi Stock Exchange rose 2.22%, while the UPCoM-Index for unlisted public companies increased by 0.55%. These gains come despite concerns over potential U.S. tariff hikes under the incoming Trump administration, which have put pressure on Asian stocks.