Vietnam Daily Market Recap Dec 10

Stocks slump, led by Vingroup-related tickers

The VN-Index opened lower on Wednesday and traded in negative territory throughout the session, closing down 1.0% at 1,729.7, with most of the decline attributed to Vingroup-related tickers, including VIC (-7.0%), VHM (-3.7%), VPL (-7.0%) and VRE (-6.3%). Market liquidity decreased, with total trading value declining 32.5% DoD to VND20tn (USD761mn). The HNX Index opened higher but declined toward the end of the session, posting a smaller loss of 0.2% at 256.6.

Most sectors declined today, led by Real Estate (-4.3%), Industrial Goods and Services (-1.3%), and Technology (-1.1%). In contrast, only Banks (+0.5%), Financial Services (+0.4%) and Basic Resources (+0.3%) posted a gain.

Top laggards today included VIC (-7.0%), VHM (-3.7%) and VPL (-7.0%). Top performers included MBB (+1.8%), HDB (+2.1%) and CTG (+0.8%).

Foreign investors net sold today with VND370tn (USD14.1mn), with selling momentum focused on VIC (VND308bn, USD11.7mn), STB (VND160bn, USD6.1mn) and VCB (VND86.5bn, USD3.3mn), while foreigners mainly bought MBB (VND241bn, USD89.2mn), HPG (VND152bn, USD5.8mn), and VJC (VND78.0bn, USD3.0mn).

Read the full report: HERE