Vietnam’s benchmark surges to 1,731 points with its strongest liquidity in a month, signaling a potential sector rotation as banks overshadow the once-dominant Vingroup group.
Vietnam’s stock market continued its December momentum with the VN-Index rising for the sixth straight session, closing at 1,731 points after a 15-point gain. The rally — adding a total of 70 points in one week — marks one of the strongest upward streaks of the year and suggests a widening investor appetite despite sharp declines among Vingroup-linked stocks.
Analysts had expected a technical pullback after a multi-session rise, and the index did dip briefly into the red. But heavy inflows into banking stocks quickly reversed the downturn, reinforcing a structural shift: money is rotating out of Vingroup and into financials, Vietnam’s most systemically important sector.
Market breadth was overwhelmingly positive, with 225 gainers, double the number of losers. The VN30 large-cap basket showed a similar pattern, featuring 19 advancing stocks and fewer than half that number declining.
According to VNDirect, 8 out of the 10 biggest contributors to today’s index gain were banks.
– CTG briefly hit its ceiling price of 52,400 VND before closing +6%
– BID, VCB, VPB, MBB added between 2–5%, driving most of the afternoon surge
Brokerage stocks joined the rally, with VCI climbing nearly 2% and SSI, HCM, VND, ORS also posting solid advances. Real estate names — especially small- and mid-cap developers — rebounded as LDG, NBB, QCG, CII, NLG, KDH, and NVL all gained over 1%.
The only group holding back the index was Vingroup. With the exception of VHM, which was flat, VIC, VPL, and VRE all finished in the red. VIC, still the market’s most influential stock, fell 2% to 269,400 VND, limiting the day’s upside.
But despite the drag, market liquidity surged to 29,500 billion VND — the highest in a month and nearly 6,000 billion VND more than the previous session. Over half of all trading value came from VN30 stocks, and four tickers — SHB, MBB, MWG, CTG — exceeded 1,000 billion VND in matched orders.
One of the strongest signals came from abroad:
Foreign investors recorded their largest net buying in weeks, purchasing nearly 6,600 billion VND while selling less than 3,000 billion VND. Vinpearl (VPL) dominated foreign inflows with 33.5 million shares purchased, while banks — MBB, VPB, SHB, CTG — also attracted heavy accumulation.
The six-session rally suggests rising conviction in Vietnam’s medium-term outlook as banks take over leadership from Vingroup. The next test for the market: whether liquidity can remain elevated and whether foreign inflows continue to broaden — two conditions that could turn a short-term run into a sustained December rally.
Related
Discover more from Vietnam Insider
Subscribe to get the latest posts sent to your email.
Source: Vietnam Insider