Vietnam Daily Market Recap April 3

VN-Index falls 0.6%, net selling returns

The VN-Index closed Friday at 1,684.0, down 10.8 points or 0.6%. Market breadth was negative, with 77 advances, including one at ceiling price, against 232 declines, including one at floor price, and 63 unchanged. HoSE matched value fell 8.4% DoD to VND18.9tn (USD718mn), below the 20-session average. The HNX-Index fell 0.7% to 248.7. For the week ending April 3, the VN-Index gained 11.2 points or 0.7%, a modest weekly advance that reflected the tug-of-war between domestic sentiment and external headwinds.

The VN30 fell 0.8% to 1,837.4, with six advances and 22 declines, and no constituent hitting ceiling price or floor price, reflecting broad-based pressure concentrated in large-cap names.

Thirteen sectors declined while four advanced. Real Estate held up with a gain of 0.3%, supported by the VHM ceiling price move, while Insurance rose 1.7%, Oil & Gas rose 0.6% and Industrial Goods & Services rose 0.9%. On the downside, Telecoms fell 2.9%, Retail Services fell 2.1%, Leisure & Entertainment fell 2.3%, Financial Services fell 1.4%, Resources fell 1.5%, Utilities fell 0.9%, Banking fell 0.9%, Food & Beverage fell 0.8%, Chemicals fell 0.5%, Technology fell 0.9%, Construction & Materials fell 0.3%, Auto & Parts fell 1.0% and Healthcare fell 0.4%.

Foreign investors recorded net selling of VND537.2bn (USD20mn) on HoSE, reversing the prior session’s net buying position. On the sell side, HPG posted the largest outflow at VND117.8bn (USD4mn), followed by MWG at VND76.8bn (USD3mn), VHM at VND68.3bn (USD3mn), BID at VND45.2bn (USD2mn), HDB at VND43.9bn (USD2mn) and VCB at VND43.5bn (USD2mn). On the buy side, HCM attracted the largest inflow at VND41.3bn (USD2mn), followed by MBB at VND31.8bn (USD1mn) and DGC at VND25.7bn (USD1mn). The two-way flows were relatively subdued on both sides, consistent with a wait-and-see posture ahead of the FTSE Russell review on April 7.

Read the full report: HERE