Vietnam Daily Market Recap Jan 22

Stocks edge lower, led by telecom

The VN-Index opened higher on Thursday and traded in positive territory throughout the session, but dipped at the end of the session to close down 0.1% at 1,882.7. Market liquidity contracted, with total trading value declining 9.9% DoD to VND33.8tn (USD1.3bn). Meanwhile, the HNX Index opened higher and retained its momentum throughout the session, surging 2.3% to close up at 258.4.

Sector performances were mixed, with Telecommunications (-6.7%), Utilities (-2.2%) and Oil & Gas (-1.8%) declining while Construction and Materials (+2.8%), Chemicals (+2.5%) and Health Care (+0.9%) gained.

Top laggards today included VCB (-2.5%), GAS (-4.7%) and VHM (-2.0%), while top performers included VIC (+0.4%), STB (+2.3%) and GVR (+1.3%).

Foreign investors net sold today, with a total value of VND1.5tn (USD55.8mn), with selling momentum focused on VHM (VND451bn, USD17.2mn), VCB (VND339bn, USD12.7mn) and VIC (VND215bn, USD8.2mn), while foreign investors mainly bought FPT (VND128bn, USD4.9mn), GMD (VND58.9bn, USD2.4mn), and GVR (VND55.7bn, USD2.1mn).

Read the full report: HERE