Vietnam Daily Market Recap March 30

VN-Index falls down 0.6% as foreign selling accelerates

The VN-Index closed Monday at 1,662.5, down 10.3 points or 0.6%, pausing after three consecutive sessions of gains. Market breadth was negative, with 118 advances, including five at ceiling price, against 204 declines, with no constituent hitting floor price, and 59 unchanged. HoSE matched value fell 4.2% DoD to VND19.4tn (USD738mn), remaining below the 20-session average. The HNX-Index declined 0.7% to 250.6.

The VN30 fell 0.5% to 1,811.9, with eight advances and 19 declines, and no constituent hitting ceiling price or floor price, reflecting contained but broad-based softness in large-cap names.

Twelve sectors declined while five advanced. Oil & Gas led gains at 2.8%, followed by Resources at 2.2%, Chemicals at 1.3%, Industrial Goods & Services at 0.9% and Insurance at 0.6%. On the downside, Technology fell 2.3%, Telecoms fell 1.9%, Real Estate fell 1.3%, Financial Services fell 1.4%, Banking fell 0.8%, Utilities fell 0.9%, Leisure & Entertainment fell 1.0%, Retail Services fell 0.8%, Construction & Materials fell 0.3%, Food & Beverage fell 0.1% and Healthcare fell 0.3%. The session’s mixed picture, with gains concentrated in commodity-linked sectors against broader declines elsewhere, reflected ongoing rotation rather than a directional move.

Foreign investors recorded net selling of VND1.3tn (USD51mn) on HoSE, a significant acceleration from VND88.9bn (USD3mn) in the prior session. On the sell side, FPT posted the largest outflow at VND203.7bn (USD8mn), followed by VCB at VND111.3bn (USD4mn), VPB at VND108.1bn (USD4mn), STB at VND82.0bn (USD3mn), VHM at VND64.5bn (USD2mn), BID at VND64.2bn (USD2mn), CII at VND60.7bn (USD2mn), TCX at VND59.1bn (USD2mn) and GAS at VND59.0bn (USD2mn). On the buy side, MSN attracted the largest inflow at VND53.0bn (USD2mn), followed by IDC at VND43.1bn (USD2mn) and MWG at VND34.5bn (USD1mn).

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