Vietnam Daily Market Recap April 6

VN-Index falls 0.5%, market holds ahead of FTSE review

The VN-Index closed Monday at 1,675.0, down nine points or 0.5%, in a session where the market consolidated in a narrow range ahead of the FTSE Russell interim review scheduled for April 7. Market breadth was negative, with 70 advances, including six at ceiling price, against 230 declines, including eight at floor price, and 55 unchanged. HoSE matched value fell 23.3% DoD to VND14.5tn (USD551mn), below the 20-session average. The HNX-Index fell 1.5% to 245.0.

The VN30 was virtually flat, falling 1.2 points or 0.1% to 1,836.3, with eight advances and 18 declines, and no constituent hitting floor price, suggesting large-cap names stabilized around current levels in a wait-and-see posture.

Fifteen sectors declined while two advanced. Banking was essentially unchanged at 0.0%, while Leisure & Entertainment edged up 0.5%. On the downside, Oil & Gas led losses down 4.5%, followed by Insurance at 3.7%, Chemicals at 2.4%, Telecoms at 2.5%, Retail Services at 1.8%, Financial Services at 1.1%, Construction & Materials at 1.1%, Utilities at 1.0%, Auto & Parts at 0.8%, Real Estate at 0.6%, Food & Beverage at 0.1%, Industrial Goods & Services at 0.1%, Resources at 0.4%, Technology at 0.2% and Healthcare at 0.8%.

Foreign investors recorded net selling of VND93.7bn (USD4mn) on HoSE, the smallest net outflow in recent sessions and approaching neutral. On the sell side, TCB posted the largest outflow at VND95.2bn (USD4mn), followed by MBB at VND94.0bn (USD4mn), HDB at VND85.5bn (USD3mn) and MWG at VND65.3bn (USD2mn). On the buy side, VIC attracted the largest inflow at VND62.3bn (USD2mn), followed by GEX at VND52.3bn (USD2mn) and VNM at VND48.5bn (USD2mn). The near-neutral net figure, combined with low turnover, pointed to a market in holding mode ahead of the FTSE Russell result.

Read the full report: HERE