Vietnam Daily Market Recap Dec 29

Stocks jump, led by Vingroup tickers 

The VN-Index opened higher on Monday, mainly driven by Vingroup-related stocks. The VN-Index traded in positive territory throughout the session, closing up 1.4% at 1,754.8. Market liquidity declined, with total trading value decreasing 38.9% compared to Friday to VND16.6tn (USD630.9mn). However, the HNX Index posted a loss of 0.3% to close at 251.2.

Most sectors rose today, led by Insurance (+4.2%), Real Estate (+3.4%) and Oil & Gas (+2.9%). Utilities (+2.9%), Technology (+1.6%) and Chemicals (+1.6%) also advanced. Meanwhile, Health Care (-0.6%), Financial Services (-0.2%) and Basic Resources (-0.2%) declined.

Top performers today included VIC (+3.0%), VHM (+7.0%) and GAS (+6.5%). Top laggards included LPB (-0.7%), VCB (-0.5%) and TCX (-1.0%).

Foreign investors net sold today with VND108.7bn (USD4.1mn), with selling momentum focused on BWE (VND328.9bn, USD12.5mn), VIC (VND261.5bn, USD9.9mn) and VHM (VND126.0bn, USD4.8mn), while foreigners mainly bought FPT (VND300.7bn, USD11.4mn), STB (VND224.5bn, USD8.5mn) and VJC (VND56.4bn, USD2.1mn).

Read the full report: HERE