Vietnam Daily Market Recap Dec 26

Stocks decline, led by real estate 

The VN-Index opened lower on Friday and traded in negative territory to close down 0.8% at 1,729.8. Market liquidity improved, with total trading surging 21.6% DoD to VND32.5n (USD1.24mn). The HNX Index followed the same pattern, posting a loss of 0.2% to close at 250.5. 

Sectors were mixed today, with Real Estate (-2.0%), Chemicals (-1.1%) and Construction & Materials (-0.7%) posting a loss. In contrast, Insurance (+3.2%), Oil & Gas (+2.0%) and Basic Resources (+1.4%) gained. 

Top laggards today included VIC (-1.9%), VHM (-3.8%) and VPL (-7.0%), while top performers included HPG (+2.5%), GAS (+1.9%) and STB (+2.9%). 

Foreign investors net sold today after five consecutive buying days, with a total value of VND1.2tn (USD45.6mn), focusing on VIC (VND531.2bn, USD20.2mn), VHM (VND356.9bn, USD13.6mn) and VRE (VND120.5bn, USD4.6mn). On the other hand, buying pressure was seen in VJC (VND67.3bn, USD2.6mn), POW (VND53.8bn, USD2.0mn), and GAS (VND43.6bn, USD1.7mn). 

Read the full report: HERE