Market liquidity improved slightly in the week of April 13-17, with capital flows concentrating in real estate and steel stocks, while financial and oil & gas stocks saw outflows.
The VN-Index rose to 1,800 points, driven by strong gains in Vingroup-related stocks (VIC, VHM, VRE, VPL), while the broader market saw more declining stocks than gainers, with pressure in banking, real estate, energy, and steel sectors.
The Vietnamese stock market experienced a predictable correction due to short-term profit-taking and geopolitical concerns, leading to declines in several large-cap stocks. However, strong mid and small-cap stocks showed resilience and attracted capital, indicating underlying investor confidence and an expectation of market stabilization.
The VN-Index closed down 1.13% as cautious bottom-fishing demand struggled to lift the market, with many large-cap stocks declining. However, some mid-caps and a few large caps like HPG and SHB saw strong buying interest and positive performance.
Steel stocks surged strongly on April 14, leading a broad market rally with the VN-Index surpassing 1,775 points, driven by strong domestic and foreign cash flow and positive sentiment around lower interest rates and public investment.
Nam Kim Steel (NKG) insider Ho Minh Phat, son of Chairman Ho Minh Quang, registered to purchase 5 million NKG shares, which would double his holding to 10 million shares (2.23% stake). The filing coincides with NKG's ambitious 2026 targets of VND 22,000B revenue (+49%) and VND 400B pre-tax profit (+66%), alongside plans for a rights offering and ESOP issuance.
Khang Dien House (KDH) proposes replacing two VinaCapital representatives on its board and supervisory committee with internal executives ahead of its April 22 AGM. Nam Kim Steel (NKG) appoints a new CEO effective April 15, while Vinaship (VNA) and Truong Thanh Wood (TTF) also announce supervisory and board changes.
Nam Kim Steel announced significant leadership changes, including a new CEO, alongside ambitious 2026 business targets and plans to raise nearly 1,500 billion VND through a rights issue to fund a major 4,500 billion VND factory expansion project. The company also proposed a 10% stock dividend and an ESOP program.