Vietnam Daily Market Recap Feb 05 – DGC & ACV Earnings

Stocks drop, led by state-owned banks 

The VN-Index opened higher on Thursday and traded around its reference price throughout the session, before falling to close down 0.5% at 1,782.6. Market liquidity declined, with total trading value plunging 23.1% DoD to VND26.2tn (USD1.0bn). The HNX Index followed the same pattern as the VN-Index, plunging 1.1% to close at 266.0.

Most sectors fell today, with decliners led by Telecommunications (-7.1%), Basic Resources (-3.6%) and Industrial Goods & Services (-2.8%), while gainers were Real Estate (+4.4%), Media (+0.1%) and Personal & Household Goods (+0.1%).

Top laggards today included VCB (-3.4%), BID (-2.8%) and GAS (-3.3%), while top performers included VIC (+7.0%), VHM (+6.9%) and TCB (+0.9%).

Foreign investors net sold today, with a total value of VND1.3tn (USD48.5mn), with selling momentum heavily focused on FPT (VND821bn, USD31.7mn), VCB (VND190bn, USD7.3mn) and VHM (VND120bn, USD4.6mn), while foreign investors mainly bought MWG (VND181bn, USD7.0mn), MBB (VND81.3bn, USD3.1mn), and PVD (VND70.4bn, USD2.7mn).

Read the full report: HERE