Vietnam Daily Market Recap April 29

VN-Index fell 1.2% ahead of extended holiday

The VN-Index closed Wednesday, April 29, at 1,854.1, down 21.7 points, or 1.2%, as investors locked in profits ahead of the May Day holiday, with the market set to trade only two sessions this week. Market breadth improved from the previous session, with 155 gainers, including six at ceiling price, against 136 declines, no stocks at floor price and 70 unchanged.

HoSE matched value rose 1.0% DoD to VND18.2tn (USD691mn), remaining below the 20-session average. The HNX-Index rose 0.5% to 250.7. The VN30 fell 0.9% to 2,022.8, with 13 advances, 11 declines and six unchanged.

Eight of 17 sectors advanced. Chemicals led gains, rising 2.3%, followed by Oil & Gas, up 1.2%, Technology, up 1.1%, Healthcare, up 1.3%, Construction & Materials, up 0.6%, Leisure & Entertainment, up 0.8%, Utilities, up 0.3% and Resources, up 0.2%. On the downside, Real Estate fell 3.5%, Telecoms fell 1.1%, Retail Services fell 0.9%, Food & Beverage fell 0.6%, Industrial Goods & Services fell 0.1%, Banking fell 0.3% and Financial Services fell 0.1%. The sharp reversal in Real Estate, down 3.5% after the prior session’s 5.3% surge, pointed to deliberate position reduction in Vingroup-related names.

Foreign investors recorded net selling of VND1.3tn (USD48mn) on HoSE. PC1 posted the largest net outflow at VND120.4bn (USD4.6mn), followed by VIC at VND75.9bn (USD2.9mn), NVL at VND51.9bn (USD2.0mn), BID at VND40.7bn (USD1.5mn) and FPT at VND30.0bn (USD1.1mn). On the buy side, VRE attracted VND71.4bn (USD2.7mn), followed by GEX at VND32.1bn (USD1.2mn), DIG at VND17.7bn (USD672,000), CEO at VND14.8bn (USD562,000) and HPG at VND13.0bn (USD494,000).

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