Vietnam Daily Market Recap April 20

VN-Index rises 1.1% amid large-cap support

The VN-Index closed Sunday at 1,837.11, up 19.94 points or 1.1%, extending the recovery trend with support from large-cap stocks, particularly Vingroup-related names. VHM rose more than 6%, acting as the primary driver of index performance. Market breadth remained positive, with 143 advances, including 11 at ceiling price, against 80 declines, including one at floor price, and 147 unchanged. HoSE matched value fell 10% DoD to VND18.0tn (USD690mn), remaining above the 20-session average. The HNX-Index declined 1.0% to 257.33.

The VN30 rose 1.1% to 2,009.0, with 18 advancers, including one at ceiling price, vs seven decliners and four unchanged.

Gains concentrated in large-cap sectors. Real Estate led at 2.5%, followed by Industrial Goods & Services at 1.0%, Technology at 1.0%, Financial Services at 0.6% and Banking at 0.6%. Other sectors also rose, including Retail Services at 0.7%, Resources at 0.7%, Healthcare at 0.3% and Food & Beverage at 0.3%. On the downside, Oil & Gas fell 1.7%. Other sectors also declined, including Chemicals at 1.2%, Construction & Materials at 1.1%, Leisure & Entertainment at 1.0%, Telecoms at 0.9%, Utilities at 0.3% and Insurance at 0.1%. 

Foreign investors returned to net selling of VND638.8bn (USD24.0mn) on HoSE, continuing to weigh on market sentiment. On the buy side, SSI saw the largest inflow at VND136.4bn (USD5.0mn), followed by MWG at VND133.4bn (USD5.0mn), FPT at VND105.0bn (USD4.0mn) and VHM at VND88.2bn (USD3.0mn). On the sell side, VIC recorded the largest outflow at VND879.0bn (USD33.0mn), followed by VPB at VND138.1bn (USD5.0mn), BSR at VND52.9bn (USD2.0mn) and GMD at VND44.6bn (USD2.0mn).

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