Vietnam Daily Market Recap April 23

VN-Index advances 0.7% as banking stocks surge

The VN-Index closed Thursday, April 23, at 1,870.4, up 13.1 points or 0.7%, sustained by a strong rally in banking stocks, with VCB and BID trading at their ceiling prices at points during the session. Market breadth turned negative, with 94 advances, including ten at their ceiling price, against 205 declines, including three at their floor price, and 60 unchanged. HoSE matched value rose 54.1% DoD to VND27.0tn (USD1.0bn), surpassing the 20-session average. The HNX-Index fell 0.8% to 253.2.

The VN30 closed at 2,024.7, down 0.03%, with nine advances, including one at its ceiling price, against 19 declines and one unchanged.

Four of 17 sectors advanced. Banking led gains, rising 1.4%, driven by ceiling-price moves in VCB and BID. Real Estate rose 1.6%, Food & Beverage added 0.3% and Insurance gained 0.3%. On the downside, Oil & Gas fell 2.2%, Retail Services fell 2.0%, Resources fell 1.8%, Chemicals fell 1.2%, Utilities fell 1.0%, Industrial Goods & Services fell 0.7%, Telecoms fell 0.5%, Financial Services fell 0.6%, Construction & Materials fell 0.7%, Leisure & Entertainment fell 0.5%, Technology fell 0.3% and Healthcare fell 0.2%.

Foreign investors recorded net selling of VND1.7tn (USD65mn) on HoSE, the largest outflow in recent sessions. FPT posted the largest net outflow at VND265.8bn (USD10.1mn), followed by ACB at VND176.4bn (USD6.7mn), VHM at VND171.7bn (USD6.5mn), VCB at VND148.6bn (USD5.6mn) and CTG at VND107.1bn (USD4.1mn). On the buy side, PVT attracted VND72.4bn (USD2.7mn), followed by VNM at VND54.5bn (USD2.1mn), DCM at VND33.1bn (USD1.3mn), HCM at VND29.4bn (USD1.1mn) and IDC at VND25.9bn (USD983,000). Net outflows concentrated in banking and real estate heavyweights, signalling continued foreign de-risking.

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