Vietnam Daily Market Recap Oct 30 – HPG, KDH, PLC, DGW, BAF, SAB, AST & PVT Earnings

Stocks drop, led by financials

The VN-Index opened lower on Thursday and remained in negative territory throughout the session, closing down 1.0% at 1,669.6. Market liquidity decreased, with total trading value declining 8.9% DoD to VND23.5tn (USD892mn). On the other hand, the HNX Index opened higher and traded in positive territory throughout the session, but followed the VN-Index at the end to close down 0.4% at 267.0.

Most sectors declined today, led by Financial Services (-1.6%), Real Estate (-1.6%) and Oil & Gas (-1.3%), while Media (+2.1%), Automobiles and Parts (+2.0%) and Technology (+0.9%) led gainers.

Top performers today included FPT (+1.0%), KDH (+4.2%) and HVN (+1.5%), while top laggards included VIC (-3.7%), LPB (-3.5%) and VPB (-2.2%).

Foreign investors net sold today, with a total value of VND1.2tn (USD44.7mn). Selling momentum was concentrated on VIX (VND385bn, USD14.7mn), GEX (VND180bn, USD6.9mn) and MBB (VND169bn, USD6.4mn). On the other hand, net buying was concentrated on FPT (VND195bn, USD7.4mn), marking the eighth consecutive session of foreign investors net buying the stock. They also net bought HAH (VND88.2bn, USD3.5mn) and GMD (VND82.6bn, USD3.1mn).

Read the full report: HERE