The market weakened in the morning before a sharp afternoon reversal. VIC rose 5.9% and VHM gained 4%.
VnExpress · 16:05, 23 Jul →VN-Index nears 1,700.
The rebound needs confirmation.
Closing data cross-checked against trusted Vietnamese financial sources.
Breadth improved, but VIC–VHM dominated index gains and foreign selling continued.
Read in 60 seconds
- VN-Index reversed an early decline and closed at 1,699.38, up 30.85 points or 1.85%.
- HOSE recorded 189 advancers and 122 decliners; three-market value reached VND 21,539bn.
- VIC and VHM contributed more than 23 points, leaving the rebound index-heavy.
- Securities and energy rallied broadly; real estate remained split and PNJ hit a third floor.
- Foreign investors sold a net VND 452bn—less than the prior session, but not yet a flow reversal.
Session structure
HOSE matched value exceeded VND 17,321bn, while total three-market turnover was lower at VND 21,539bn.
Nhan Dan · 16:58, 23 Jul →Sector and foreign flow
VIX and VUA hit the ceiling; VND, HCM and SHS also advanced strongly.
PVS gained 3.6% and BSR rose 1.5% as high oil prices supported expectations.
KBC, VPI and BCM gained, while DXG fell 5% and NLG lost 3.8%.
Net selling centred on MBB, TCB, VCB and VPB; SHB, LPB and VIC led net buying.
Sector source: DNSE · 23 Jul close.
Company events
Aggregate profit rose 24.9% year on year
Results from 310 listed companies and banks, representing 22.2% of market cap, were led by oil and gas, power and pharmaceuticals.
FiinTrade/MoneyF · 10:18, 23 Jul →Dragon Capital fell below 5%
The group sold over 2.51m shares on 16 July, reducing ownership from 5.05% to 4.55%. PNJ hit its third consecutive floor on 23 July.
Bao Dau Tu · 23 Jul →VN-Index scenarios for 24 July
Improving breadth and turnover would broaden the rebound.
Consolidation after the sharp rebound, with earnings-led selection.
A retest of 1,645–1,655 becomes more likely; reduce high-beta exposure.
These levels are technical inferences from the 23 July session, not guarantees.
Three items to watch
- Holding 1,700: confirmation requires breadth and turnover, not VIC–VHM alone.
- Sector continuity: securities and energy strength, plus easing foreign pressure on banks.
- Lagging names: DXG, NLG and PNJ will help reveal whether balance is genuine.