GMD leads proprietary trading buys as VN-Index nears 1,800 points

Overview

On Monday, 24 August 2026, the VN-Index advanced 1.17% to close at 1,788.78 points, approaching the 1,800 resistance zone. While foreign investors were net buyers with approximately 191 billion VND across the market, proprietary trading desks at securities firms reversed course and net sold 194 billion VND on HoSE, with Gemadept (GMD) emerging as the top net buy for this group.

Key Facts

• VN-Index rose 20.66 points (+1.17%) to 1,788.78 points on 24/08/2026.
• Foreign investors net bought approximately 191 billion VND across the whole market.
• Proprietary trading desks (tự doanh CTCK) net sold 194 billion VND on HoSE.
• GMD was the top proprietary net buy at 87 billion VND, followed by TNT (40 billion VND), TCB (21 billion VND), VCB (18 billion VND), and HPG (16 billion VND).
• The largest proprietary net sell was VCI at 158 billion VND, followed by FPT (32 billion VND), ACB (31 billion VND), VNM (29 billion VND), and VIC (23 billion VND).
• GMD closed at 77,500 VND on 24/08/2026.

What Happened

According to the article, the market continued its positive momentum with improving liquidity in the first session of the week. The VN-Index pushed toward the 1,800-point area but faced volatility and divergence at strong resistance. The foreign block was a positive contributor, net buying about 191 billion VND of stocks across the entire market.

In contrast, proprietary trading desks at securities companies turned net sellers on HoSE, offloading 194 billion VND. The article details that this group bought GMD most heavily at 87 billion VND, followed by TNT (40 billion VND), TCB (21 billion VND), VCB (18 billion VND), HPG (16 billion VND), VPB (8 billion VND), MBB (6 billion VND), GAS and FUEVFVND (5 billion VND each), and VIX (3 billion VND). On the selling side, VCI was the most sold at 158 billion VND, with FPT (32 billion VND), ACB (31 billion VND), VNM (29 billion VND), VIC (23 billion VND), MSN (22 billion VND), GEL and OCB (15 billion VND each), HDB (13 billion VND), and FUESSVFL (9 billion VND) also facing net selling.

Market Context

GMD, listed on HOSE, closed at 77,500 VND on 24/08/2026. The stock has been a focus for proprietary desks, which net bought 87 billion VND in this session. The broader market saw the VN-Index gain 1.17%, supported by foreign net buying, while proprietary desks reduced exposure. This divergence suggests that domestic institutional flows are becoming more selective, even as foreign capital remains supportive.

Strategic Significance

For long-term investors, the strong proprietary buying in GMD signals growing domestic institutional interest in the logistics and port operator. GMD’s position as a leading player in Vietnam’s port and logistics sector makes it a strategic beneficiary of trade flows and infrastructure development. The net selling by proprietary desks across other large caps like VCI, FPT, and ACB may reflect profit-taking or rotation rather than a negative outlook, but the concentration of buying in GMD highlights its perceived relative value.

What to Watch

• GMD’s upcoming quarterly earnings and any updates on port capacity expansion or logistics partnerships.
• Continued foreign net buying momentum, as foreign flows have been a key driver of market sentiment.
• Whether proprietary desks extend their net selling in the next sessions, which could signal short-term caution.
• The VN-Index’s ability to break above the 1,800-point resistance level.
• Any regulatory or policy announcements affecting the logistics and port sector.