Vietnam Daily Market Recap Feb 02 – NLG, HDB, AST, KDH, VIC, REE, HDG, GMD, PC1, POW, BCM, PHR, VTP, CTG, STB, DXG, VNM, PLC & DPM Earnings

Stocks retreat, led by Vingroup-related tickers

The VN-Index opened lower on Monday and traded in negative territory throughout the session, closing down 1.2% at 1,806.5, with most of the decline attributed to Vingroup-related tickers, including VIC (-7.0%), VHM (-7.0%) and VPL (-6.2%). Market liquidity improved, with total trading value edging up 9.8% DoD to VND32.2tn (USD1.2bn). On the other hand, the HNX Index opened higher and maintained its positive momentum throughout the session, surging up 1.7% to close at 260.4.

Sector performances were mixed today, with Real Estate (-5.1%), Basic Resources (-2.6%) and Financial Services (-1.4%) declining, while Oil & Gas (+5.4%), Insurance (+3.5%) and Telecommunications (+3.2%) gained.

Top laggards today included VIC (-7.0%), VHM (-7.0%) and VPL (-6.2%), while top performers included VCB (+1.4%), GVR (+4.9%) and BID (+2.0%).

Foreign investors net sold today, with a total value of VND2.5tn (USD95.1mn), with selling momentum heavily focused on VIC (VND543bn, USD20.9mn), VHM (VND328bn, USD12.6mn) and VCB (VND193bn, USD7.4mn), while foreign investors mainly bought BSR (VND96.7bn, USD3.7mn), VNM (VND81.8bn, USD3.1mn), and MSN (VND71.4bn, USD2.7mn).

Read the full report: HERE