Vietnam Daily Market Recap May 21

VN-Index falls 0.9%, retreating below 1,900-point mark

The VN-Index closed at 1,896.9, down 16.3 points (-0.9%) as cautious sentiment prevailed. Market breadth was negative with 140 advancers (four at ceiling price), 150 decliners (two at floor price), and 65 unchanged. Conversely, the HNX-Index gained 1.2% to close at 264.4.

The VN30-Index edged down 0.1% to 2,027.5, with 16 advancers and 14 decliners, suggesting that selling pressure was primarily concentrated in mid-cap stocks outside the main basket.

Performance was mixed across 10 of 19 sectors. Retail led the gains, rising 1.8%, followed by Insurance (+1.4%) and Construction & Materials (+1.0%), while Healthcare, Tourism, and Resources each added 0.9%. On the downside, Oil & Gas and Chemicals both fell 2.7%, followed by Real Estate (-2.2%), Telecommunications (-1.6%), and Technology (-1.4%).

HoSE liquidity dropped 39.7% DoD to VND17.6tn (USD676.5mn), moving below the 20-day average, driven by subdued trading activity following the previous session’s heavy buying, as the index failed to sustain its momentum above the 1,900-point mark. Foreign investors recorded a significant net selling value of VND1,706.6bn (USD65.6mn). On the sell side, VIC saw the largest net outflow at VND517.1bn (USD19.9mn), followed by FPT at VND316.3bn (USD12.2mn) and MBB at VND174.2bn (USD6.7mn). On the buy side, foreign demand focused on select banking names, led by VPB at VND261.0bn (USD10.0mn) and VCB at VND163.4bn (USD6.3mn). Notable gainers included PC1 (+6.84%), TNT (+6.83%), OGC (+6.69%), TCO (+6.16%), and DHA (+5.32%).

Read the full report: HERE