Vietnam Daily Market Recap April 2

VN-Index slips 0.5%, foreigners turn net buyers

The VN-Index closed Thursday at 1,694.8, down 8.1 points or 0.5%, giving back a portion of the prior session’s gains as domestic profit-taking weighed on the market. Market breadth was negative, with 77 advances, including five at ceiling price, against 242 declines, including two at floor price, and 43 unchanged. HoSE matched value fell 7.0% DoD to VND20.6tn (USD783mn), remaining near the 20-session average. The HNX-Index declined 0.4% to 250.4.

The VN30 fell 0.5% to 1,853.0, with one advance and 25 declines, and no constituent hitting floor price, reflecting broad-based softness concentrated in large-cap names.

Fifteen sectors declined while two advanced. Real Estate was the sole meaningful gainer at 0.8%, supported by continued buying in select large-cap property names, while Chemicals edged up 0.4%. On the downside, Telecoms fell 2.2%, Banking fell 1.3%, Industrial Goods & Services fell 1.4%, Oil & Gas fell 1.1%, Retail Services fell 1.0%, Food & Beverage fell 0.9%, Utilities fell 0.9%, Leisure & Entertainment fell 1.0%, Construction & Materials fell 0.6%, Technology fell 0.8%, Resources fell 0.7%, Insurance fell 0.8%, Financial Services fell 0.5%, Healthcare fell 0.2% and Auto & Parts fell 0.1%.

Foreign investors turned net buyers for the first time in 15 sessions, recording net buying of VND2.97tn (USD113mn) on HoSE. The headline figure was dominated by a single large inflow into VPL at VND3.9tn (USD148mn), which accounted for the entirety of the net position and more. Stripping out VPL, underlying foreign flows remained net sold at VND931.9bn (USD35mn). On the buy side beyond VPL, MSN attracted VND103.6bn (USD4mn), VCK VND98.6bn (USD4mn) and SSI VND75.0bn (USD3mn). On the sell side, VHM posted the largest outflow at VND803.6bn (USD31mn), followed by MBB at VND181.3bn (USD7mn), VCB at VND82.0bn (USD3mn) and VIC at VND71.8bn (USD3mn).

Read the full report: HERE