On Wednesday, July 23, Vietnam’s stock market ended slightly higher, thanks to strong buying in mid-sized companies—even as big-name stocks struggled to gain traction, according to the latest data from the Ho Chi Minh City Stock Exchange→view source.
Key details include:
VN-Index closes modestly higher
The VN-Index, which tracks the performance of all major stocks on the Ho Chi Minh City Stock Exchange (HOSE), inched up by 2.77 points to close at 1,512.31.
The VN30 index, which represents the 30 largest stocks by market cap, actually fell slightly — today’s gains didn’t come from big players like banks or real estate giants, but from smaller and mid-sized companies instead.
Mid-caps and industrials lead the way
The VNMIDCAP index surged 1.4 percent, with notable gains in construction, materials, and industrial sectors. The VNIND index, which focuses on industry-related stocks, jumped over 2.2 percent .
On the flip side, real estate stocks had a rough day, with the VNREAL index falling 1.53 percent, suggesting ongoing caution in that sector.
Trading activity remains strong
Nearly 1.57 billion shares were traded across the market today, worth around VND 38.33 trillion (about US$1.47 billion).
Most active and volatile stocks
Among the most heavily traded stocks were:
- SHB (a bank): over 80 million shares
- VPB (VPBank): 74 million shares
- VIX (a brokerage): 65 million shares
The biggest gainers by price were CDC, PC1, and VJC, each rising nearly 7 percent. Meanwhile, stocks like LDG, SFC, and STG fell sharply, losing between 5 and 7 percent.
Foreign investors back to net buying
Foreign investors were net buyers today, picking up more than they sold by VND 246 billion—around US$9.46 million. They focused on consumer electronics (like FRT, which owns FPT Retail), banks (especially VPB and HDB), and retail names like MWG.
See also: Explainer: What’s Driving Vietnam’s Stock Market Rally?