Vietnam Daily Market Recap May 20

VN-Index little changed, Technology offsets broad market weakness 

The VN-Index closed Wednesday at 1,913.2, nearly unchanged, up just 0.3 points (0.02%), as Technology and Oil & Gas gains among a handful of large-cap advancers offset broad-based selling pressure. Market breadth was negative, with 77 advancers (two at ceiling price), 234 decliners (five at floor price) and 48 unchanged, underscoring the scale of market divergence.

HoSE total trading liquidity rose 7.9% to VND29.2tn (USD1.1bn). The HNX-Index rose 0.7% to 261.3. The VN30 rose 0.1% to 2,028.9, with 11 advancers and 18 decliners, reflecting selling pressure even among large-cap constituents.

Seven of 19 sectors advanced. Technology led all sectors, rising 3.2%, driven by FPT’s 4.3% gain. Oil & Gas recovered 2.4% following the prior session’s decline, with GAS rising 3.7% and PLX gaining 4.4%. Chemicals rose 1.5%, Media and Utilities each gained 1.2%, Real Estate added 0.5%, and Construction & Materials edged up 0.3%. On the downside, Telecoms reversed the prior session’s surge, falling 3.2%, followed by declines in Financial Services (-1.1%), Insurance (-1.0%), Retail (-0.8%) and Banks (-0.6%).

Foreign investors recorded net selling of VND27.1bn (USD1.0mn) on HoSE, close to neutral. On the buy side, VCB attracted VND304.9bn (USD11.8mn), followed by VIC at VND216.5bn (USD8.4mn) and FPT at VND189.8bn (USD7.3mn). On the sell side, MBB posted the largest net outflow at VND226.0bn (USD8.7mn), followed by ACB at VND141.8bn (USD5.5mn) and VNM at VND111.0bn (USD4.3mn). Foreign buying was concentrated in Technology and large-cap financials while selling remained focused on banking names

Read the full report: HERE