Vietnam Daily Market Recap May 11

VN-Index falls 1.0%, foreign investors extended net selling

The VN-Index fell 1.0% to 1,895.5 on Monday, down 19.9 points, as late-session selling pressure pushed the index to the intraday low. The market traded sideways for most of the session before broad-based selling accelerated near the close. Market breadth turned negative, with 210 decliners vs 99 advancers and 47 unchanged, reflecting cautious sentiment as large-cap flows retreated from the market.
HoSE matched value rose 5.9% DoD to VND25.4tn (USD970mn), remaining above the 20-session average. The HNX-Index rose 0.6% to 248.1.
The VN30 fell 1.6% to 2,040.5, with 27 decliners and only two advancers. Large-cap stocks including VPL (-2.7%), VIC (-1.3%) and HPG (-1.3%) led the downside and weighed heavily on the broader index.
Three out of 17 sectors advanced. Travel & Leisure posted the sharpest decline, falling 2.9%, followed by Basic Resources down 2.1%, Technology down 2.0%, Insurance down 1.9% and Retail down 1.8%. Large-cap sectors including Real Estate, down 1.5%, and Banking, down 0.7%, also pressured the market. On the upside, Oil & Gas led gains, rising 3.7%, followed by Construction & Materials up 0.7% and Industrial Goods & Services was flat.
Foreign investors recorded net selling of VND1.0tn (USD39.0mn) on HoSE. VHM posted the largest net outflow at VND368bn (USD14.0mn), followed by FPT at VND217.7bn (USD8.0mn), DGC at VND189bn (USD7.0mn) and ACB at VND130.7bn (USD5.0mn). On the buy side, foreign investors focused on BSR at VND132.7bn (USD5.0mn), GEE at VND100.9bn (USD4.0mn) and DCM at VND96.9bn (USD4.0mn). Net selling remained concentrated in Real Estate, Technology and VN30 blue-chip stocks.

Read the full report: HERE