Vietnam Daily Market Recap June 11

VN-Index falls 0.3%, foreign investors remain net sellers

The market posted a modest correction on Thursday as momentum slowed following two consecutive sessions of gains. The VN-Index closed at 1,798.6, down 5.1 points (-0.3%). Market breadth was negative with 114 advancers, including four stocks hitting the ceiling price, 68 unchanged stocks and 177 decliners, including one stock closing at the floor price. The HNX-Index fell 1.1 points (-0.4%) to 300.1.

The VN30-Index closed at 1,947.3, down 13.7 points (-0.7%), with eight advancers and 19 decliners, indicating that selling pressure was concentrated mainly in large-cap stocks. The VN100 declined 0.5% to 1,871.4.

Sector performance was broadly negative. Travel & Leisure recorded the largest decline at 1.8%, followed by Retail Services (-1.6%), Telecommunications (-1.4%), Construction & Materials (-0.9%) and Basic Resources (-0.9%). Banking and Real Estate fell 0.3% and 0.4%, respectively. On the upside, Chemicals outperformed with a gain of 2.6%, while Food & Beverage (+0.5%), Insurance (+1.0%) and Oil & Gas (+0.3%) also closed higher.

HoSE liquidity totaled VND9.3tn (USD357.7mn), down 14.0% DoD and remaining below the 20-day average, suggesting money flow became more cautious following the market’s short-term recovery. Foreign investors remained net sellers with a net outflow of VND512.7bn (USD19.7mn). Net selling focused on NVL with VND52.5bn (USD2.0mn), followed by VHM with VND47.9bn (USD1.8mn), VIC with VND41.3bn (USD1.6mn), TCB with VND33.9bn (USD1.3mn) and VPB with VND33.6bn (USD1.3mn). On the buying side, VNM led foreign net purchases with VND29.5bn (USD1.1mn), followed by KBC with VND13.3bn (USD500,000) and PVS with VND13.1bn (USD500,000).

Read the full report: HERE