Vietnam Daily Market Recap Oct 2

Stocks decline, led by financial services

The VN-Index opened higher on Thursday and traded in positive territory throughout the session, but declined at the end of the session, closing down 0.7% at 1,652.7. Market liquidity increased, but only inched up 5.5% DoD to VND22.7tn (USD855mn). The HNX Index opened and traded in negative territory throughout the session, closing down 1.3% at 269.6.

Most sectors declined today, led by Financial Services (-2.0%), Chemicals (-1.6%) and Industrials Goods and Services (-1.3%), while only Travel & Leisure (+0.1%) and Media (+0.04%) gained.

Top laggards today included VHM (-2.3%), VPB (-2.4%) and VRE (-4.2%), while top performers included VIC (+0.6%), MBB (+1.5%) and TCB (+0.8%).

Foreign investors net sold today with a total value of VND2.4tn (USD88.9mn). Selling pressure was concentrated in VHM (VND338bn, USD12.8mn), marking the 15th consecutive session of foreign investors net selling the stock. They also net sold FPT (VND234bn, USD8.8mn) and VPB (VND222bn, USD8.4mn). On the other hand, top net buying was seen in LPB (VND26.0bn, USD983,000), CTD (VND17.7bn, USD670,000) and CII (VND14.7bn, USD553,000).

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