Vietnam Daily Market Recap Dec 22

Stocks surge, led by Vingroup-related tickers

The VN-Index opened higher on Monday, mainly driven by blue-chip and Vingroup-related stocks. The VN-Index traded in positive territory throughout the session, closing up 2.7% at 1,751.1. Market liquidity improved, with total trading value climbing 4.8% compared to Friday to VND21.1tn (USD801.3mn). The HNX Index followed a similar pattern, climbing 1.2% to close at 257.3.

VIC (+6.9%) led the Real Estate sector, hitting its ceiling price today and adding 17.9 points to the VN-Index thanks to its simultaneous rollout of 11 major projects nationwide on December 19.

Most sectors rose today, led by Real Estate (+5.2%), Travel & Leisure (+3.1%) and Oil & Gas (+2.3%). Meanwhile, Personal & Household Goods (-0.1%) and Technology (-0.1%) declined.

Foreign investors net bought today with a total value of VND465.1bn (USD17.7mn), focusing on MWG (VND192.4bn, USD7.3mn), GEX (VND130.1bn, USD4.9mn) and VIX (VND91.1bn, USD3.5mn). On the other hand, selling pressure was seen in FPT (VND303.6bn, USD11.5mn), ACB (VND73.1bn, USD2.8mn) and VNM (VND49.6bn, USD1.9mn).

Read the full report: HERE