Vietnam Daily Market Recap May 27

VN-Index drops 0.5%, foreign net outflow persists  

The VN-Index extended its correction on Wednesday, shedding 9.8 points (-0.5%) to close at 1,874.4 as selling pressure centered on Real Estate and Technology. Market breadth was negative with 140 advancers (three at ceiling price), 172 decliners (two at floor price), and 49 unchanged. Conversely, the HNX-Index maintained its upward momentum, gaining 1.5% to finish at 282.2.

The VN30-Index dipped 0.3% to 2,022.5, with 11 advancers and 19 decliners. Overall sector performance saw eight of 19 groups gaining ground. Telecommunications led advancers, rising 1.8%, followed by Retail (+1.1%), Construction & Materials (+0.9%), and Banking (+0.5%). On the downside, Real Estate faced the heaviest pressure, falling 1.6%, dragged down by VHM (-4.2%) and VIC (-1.0%). Technology (-1.0%), Oil & Gas (-0.9%), and Chemicals (-0.6%) also posted losses.

HoSE liquidity rose 17.1% DoD to VND17.9tn (USD688.5mn) but remained below the 20-day average. Foreign investors recorded a net selling value of VND818.7bn (USD31.5mn), extending their net selling streak to nine consecutive sessions. Notably, foreign flows in MSB reversed to a net buying position of VND104bn (USD4.0mn). VHM led the net selling at VND220.2bn (USD8.5mn), followed by HPG (VND140.7bn/USD5.4mn), VIC (VND101.8bn/USD3.9mn), and FPT (VND82.9bn/USD3.2mn). On the buying side, foreign demand focused on MWG (VND56.8bn/USD2.2mn) and ACB (VND56.7bn/USD2.2mn).

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