Vietnam Daily Market Recap October 8

VN-Index falls 0.8%, liquidity improves

The VN-Index fell 14.4 points (-0.8%) to 1,739.0 points on Thursday. Selling pressure intensified in the afternoon, with Real Estate and Banking stocks weighing significantly on the index. Market breadth was negative, with 110 gainers, including 12 limit-up stocks, 56 unchanged stocks and 183 decliners, including seven limit-down stocks. The HNX-Index fell 3.6 points (-1.4%) to 256.2 points.

The VN30 fell 17.2 points (-0.9%) to 1,877.0 points, with eight gainers, one unchanged stock and 20 decliners. The VN100 declined 19.2 points (-1.1%) to 1,765.0 points, with 28 gainers, seven unchanged stocks and 62 decliners, indicating that selling pressure was more pronounced among large-cap stocks.

At the sector level, 11 of 19 sectors gained, while eight declined. Financial Services fell the most at 2.3%, followed by Industrial Goods & Services (-1.4%), Real Estate (-1.3%), Construction & Materials (-1.2%) and Banking (-1.2%). On the upside, Utilities rose 1.9%, Insurance gained 1.7%, Basic Resources rose 1.6% and Oil & Gas gained 1.4%.

HoSE matched trading liquidity reached VND12.7tn (USD480.2mn), up 2.1% from the previous session. Foreign investors recorded net selling of VND446.0bn (USD16.9mn), mainly in TCB (VND152.9bn, USD5.8mn), HDB (VND117.7bn, USD4.5mn), PNJ (VND115.9bn, USD4.4mn), FUEVFVND (VND71.9bn, USD2.7mn) and VHM (VND61.7bn, USD2.3mn). On the net-buying side, PLX led with VND90.8bn (USD3.4mn), followed by VIC (VND66.1bn, USD2.5mn), PVT (VND62.3bn, USD2.4mn), STB (VND55.6bn, USD2.1mn) and MSN (VND31.9bn, USD1.2mn).

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