Vietnam Daily Market Recap April 15

VN-Index crosses 1,800 on VIC surge 

The VN-Index closed Wednesday at 1,800.7, up 25.0 points or 1.4%, crossing the significant 1,800 mark for the first time in the current recovery phase. The advance was again concentrated in the Vingroup complex: VIC rose 6.9% and VHM rose 6.3%, together contributing the majority of the index’s gain. Market breadth was negative, with 101 advances, including four at ceiling price, against 192 declines, including two at floor price, and 76 unchanged. HoSE matched value rose 9.1% DoD to VND22.1tn (USD839mn), above the 20-session average. The HNX-Index rose 0.1% to 252.7. 

The VN30 rose 0.77% to 1,961.6, with 10 advances and 17 declines, and no constituent hitting floor price. 

Three sectors advanced while 14 declined. Real Estate led gains at 5.2%, entirely driven by VIC and VHM, with domestic buyers absorbing foreign selling in both names. Leisure & Entertainment rose 4.8% and Construction & Materials was flat. On the downside, Telecoms fell 2.4%, Technology fell 1.2%, Retail Services fell 1.2%, Insurance fell 1.2%, Resources fell 1.0%, Chemicals fell 0.3%, Food & Beverage fell 0.3%, Utilities fell 0.2%, Financial Services fell 0.2%, Oil & Gas fell 0.6%, Healthcare fell 0.2%, Banking fell 0.1%, and Auto & Parts and Industrial Goods & Services were little changed. 

Foreign investors recorded net selling of VND3.5tn (USD131mn) on HoSE, the largest daily outflow since the March selloff. The headline figure was dominated by a single large outflow in VHM at VND3.38tn (USD128mn), accounting for 97% of total net selling. Stripping out VHM, underlying foreign flows in equities featured net buying of ~VND87.7bn (USD3mn). On the buy side, VIC attracted VND372.9bn (USD14mn), followed by VCB at VND64.9bn (USD2mn) and SSI at VND62.0bn (USD2mn). On the sell side beyond VHM, FPT posted VND432.2bn (USD16mn) and STB VND87.2bn (USD3mn). 

Read the full report: HERE