Vietnam Stock Market Recovery on July 14: VN Index Bounces Back, Oil & Gas Sector Leads Gains

The Vietnamese stock market experienced a volatile trading session on July 14 that ultimately concluded with a positive recovery. After three consecutive declining sessions, the VN Index reversed course and gained ground as selling pressure diminished, while the oil and gas sector emerged as the standout performer with impressive gains.

Market Overview

The July 14 trading session marked a significant shift in investor sentiment. Early in the session, the market continued its downward trend from previous sessions, with the VN Index dropping more than 10 points. However, in the afternoon session, buying interest intensified significantly, enabling the index to reverse direction and close with a gain of 3.21 points, or 0.31%, to reach 1,026.66 points.

Market liquidity remained high, with total trading value reaching approximately 9,000 billion VND, including over 1,500 billion from foreign investors. Notably, selling pressure decreased considerably, particularly in blue-chip stocks, creating favorable conditions for market recovery.

Oil & Gas Sector Leads Market Recovery

The highlight of the July 14 trading session was undoubtedly the oil and gas sector. All stocks in this sector posted significant gains, with many hitting their daily price limits. Among them, PVD gained 5.8%, PLX increased 4.5%, HPG rose 3.2%, and GAS advanced 2.8%. The surge in the oil and gas sector is attributed to the rebound in global crude oil prices, which had declined significantly in previous sessions.

According to analysts, the oil and gas sector is currently in a positive phase, benefiting from both crude oil prices and the recovery outlook for the global oil and gas industry. Additionally, domestic oil and gas companies are benefiting from government policies encouraging the energy sector development.

PNJ Stock Attracts Attention

Besides the oil and gas sector, PNJ (Phu Nhuan Jewelry Joint Stock Company) also attracted significant attention as it hit the daily price limit. PNJ shares surged 6.9% to 95,000 VND per share, with trading volume exceeding 2.5 million units.

The price increase for PNJ was driven by both internal factors and market conditions. According to company information, PNJ is accelerating its digital transformation strategy and expanding its market presence, particularly in northern provinces. Additionally, demand for gold and jewelry is recovering following social distancing measures.

Foreign Investors Show Strong Buying Interest

Foreign investors continued to demonstrate strong interest in the Vietnamese stock market with net buying activity on July 14. The total net purchase value by foreign investors reached nearly 300 billion VND, primarily concentrated in blue-chip stocks.

Specifically, foreign investors bought the most shares in VCB (Vietcombank) with a value of over 100 billion VND, followed by HPG (Hòa Phát) with nearly 80 billion VND and MSN (Masan) with over 60 billion VND. In contrast, foreign investors sold the most shares in CTG (Vietcombank) with a value of nearly 50 billion VND.

Market Outlook

According to market analysts, the recovery on July 14 sent a positive signal for the market. However, they note that the upward momentum remains limited and the market may continue to fluctuate in the short term.

Mr. Nguyen Van Binh, an analyst at a securities company in Hanoi, stated: "The market is currently in a transition phase between two correction periods. We expect the VN Index to continue trading in the range of 1,000-1,050 points next week before showing a clearer trend."

For investors, experts recommend focusing on fundamentally strong stocks with long-term growth potential. The oil and gas and banking sectors are expected to remain bright spots in the market in the coming time.