HCMC – Vietnam’s benchmark VN-Index jumped 4.71% on April 8, with trading value surging to VND35 trillion, as investors reacted to positive signals on a potential market upgrade and easing energy prices.
The index added 79.01 points to close at 1,756.55, while the VN30-Index surged 90.05 points, or 4.89%, to 1,931.01, with seven bluechips hitting their daily ceiling prices, including FPT, SSI, VHM, STB, TCB, VIC and VRE.
Most sectors advanced. Real estate stocks led with a 6.15% increase, followed by financial services at 5.44% and banking at 4.46%.
Market liquidity rocketed, with total trading value jumping more than 130% from the previous session to VND35 trillion.
Foreign investors remained net sellers, offloading more than VND600 billion across the three exchanges. Net selling focused on VIC, MBB and VCB, while buying was concentrated in HPG, FPT and ACB.
The rally followed a confirmation by FTSE Russell that Vietnam remains on track for an upgrade from Frontier Market to Secondary Emerging Market status, expected to take effect in September 2026.
Oil prices fell by up to 19%, while domestic fuel prices were cut later in the day, adding to positive sentiment.
Nguyen Thanh Lam, director of retail research at Maybank Securities, said that the gains were in line with regional trends, with Asian markets rising, including South Korea by 7%, Japan by 5% and China by 3%.
Lam attributed the movement to easing concerns over energy supply disruptions linked to Middle East tensions.
He cautioned that investors should remain alert to potential shifts in market-moving information.
Tran Thai Binh, senior director of analysis at OCBS Securities, told The Saigon Times that the market upgrade is a long-term factor, while energy prices are a short- to medium-term variable.
He advised investors to focus on stocks with long-term growth potential and monitor global and domestic macroeconomic developments to adjust strategies.
