Vietnam Daily Market Recap Nov 3 – Earnings Flash

Stocks fall, led by financial services

The VN-Index opened higher on Monday and fluctuated during the session and closed down 1.4% at 1,617. Market liquidity increased, with total trading value up 6.9% DoD to VND29.1tn (USD1.1bn). The HNX Index followed a similar pattern to close down 2.5% at 259.2.

Most sectors declined today led by Financial Services (-4.4%), Telecommunications (-2.5%) and Travel & Leisure (-2.1%), while Insurance (+6.1%), Food & Beverage (+1.5%) and Technology (+0.7%) led gainers.

Top laggards included TCB (-4.3%), VPB (-3.8%) and STB (-5.8%), while top performers today included VIC (+2.3%), BVH (+6.9%) and FPT (+1.1%).

Foreign investors net sold today, with a total value of VND201.5bn (USD7.7mn), marking the fourth consecutive selling day. Selling momentum was concentrated on VIX (VND283.8bn, USD10.8mn), MBB (VND122.9bn, USD4.7mn) and STB (VND86.2bn, USD3.3mn). On the other hand, net buying was concentrated on FPT (VND249.6bn, USD9.5mn), ACB (VND117.8bn, USD4.5mn) and VJC (VND86.8bn, USD3.3mn).

Read the full report: HERE