PNJ

The VN-Index ended slightly lower, breaking a 5-session winning streak, with MWG hitting the ceiling and retail stocks performing well, while VinGroup stocks pressured the index.

Vietnamese gold prices experienced a sharp drop in the morning of April 9th, followed by a slight recovery in buying prices for SJC, PNJ, and DOJI in the afternoon, though still significantly lower than the previous day's close. This movement was influenced by a decline in world gold prices due to the Fed's hawkish stance and easing geopolitical tensions.

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.

Domestic gold prices, including SJC gold bars, decreased by over 3 million VND per tael, narrowing the gap with international prices to 21 million VND. Silver prices also saw a decline, while the spread between buying and selling prices for gold widened.

Domestic gold prices, including SJC and PNJ, surged by over 4 million VND per tael, mirroring international trends, though a significant gap remains. SJC temporarily halted online gold sales due to supply scarcity and fake websites, while silver prices also increased.

Global oil prices plummeted by nearly 19% after the US and Iran agreed to a two-week ceasefire, leading to the reopening of the Strait of Hormuz. Concurrently, gold and other precious metals saw significant price increases.

Vietnamese ETFs and foreign investors experienced significant net outflows of over 1.2 trillion VND last week, with major funds like VFMVN Diamond ETF seeing large withdrawals and impacting stocks such as MWG, FPT, and TCB. Despite these short-term outflows, the market anticipates a positive outcome from FTSE Russell's interim review tonight, potentially leading to substantial passive fund inflows from September 2026.

Domestic gold bar prices, including SJC and PNJ, decreased by nearly 1.5 million VND per tael, narrowing the gap with international prices. An expert advises short-term caution due to geopolitical impacts but maintains a positive long-term outlook.

Domestic gold bar prices, including SJC and PNJ, increased by 1 million VND per tael, reaching 171-174.5 million VND, despite a decline in world gold prices due to geopolitical tensions and a stronger USD. This divergence is attributed to high local demand and limited supply in Vietnam.