Vietnam Daily Market Recap April 1

VN-Index gains 1.7% as global sentiment recovers

The VN-Index closed Wednesday at 1,702.9, up 28.4 points or 1.7%, extending its recovery in line with a broad-based rally across global equity markets as geopolitical tensions showed further signs of de-escalation. Market breadth was positive, with 203 advances, including five at ceiling price, against 103 declines, with no constituent hitting floor price, and 67 unchanged. HoSE matched value rose 8.3% DoD to VND22.1tn (USD841mn), approaching the 20-session average. The HNX-Index rose 0.2% to 251.5.

The VN30 rose 1.8% to 1,861.8, with 25 advances, including three at ceiling price, and one decline, with no constituent hitting floor price, the strongest breadth reading within the basket in several sessions.

Fifteen of 17 sectors advanced. Leisure & Entertainment led gains at 5.8%, followed by Telecoms at 4.8% and Real Estate at 4.0%, the latter benefiting from a combination of improved sentiment and renewed buying in large-cap property names. Financial Services rose 2.3%, Industrial Goods & Services 1.4%, Insurance 1.0%, Banking 0.8%, Technology 0.8%, Food & Beverage 0.6%, Retail Services 0.7% and Healthcare 0.6%. Oil & Gas was the steepest decliner at 2.8%, extending its recent underperformance, while Resources slipped 0.1%. The breadth of gains, with 15 sectors advancing simultaneously, was the widest since the market’s recovery began in late March.

Foreign investors recorded net selling of VND687.7bn (USD26mn) on HoSE. The headline figure was heavily skewed by a single large outflow in VIC at VND1.19tn (USD45mn), which alone exceeded total net selling and masked net buying across the remainder of the market. Stripping out VIC, underlying foreign flows were net positive by VND504.1bn (USD19mn). On the buy side, MSN attracted the largest inflow at VND200.5bn (USD8mn), followed by HPG at VND195.9bn (USD7mn), SHS at VND129.9bn (USD5mn) and SSI at VND126.9bn (USD5mn). On the sell side beyond VIC, FPT posted VND135.7bn (USD5mn), BSR VND121.8bn (USD5mn) and MBB VND112.6bn (USD4mn).

Read the full report: HERE