Vietnam Daily Market Recap Feb 09

Stocks fall, led by telecom

The VN-Index opened higher on Monday but quickly retreated to trade near the reference point throughout the rest of the session, closing down 0.04% at 1,754.8. Market liquidity decreased, with total trading value dropping 43.3% compared to Friday to VND20.1tn (USD0.8bn). The HNX Index followed a similar pattern, posting a loss of 0.1% to close at 256.0.

Most sectors rose today, led by Technology (+1.3%), Retail (+1.3%) and Oil & Gas (+1.1%). Meanwhile, Telecommunications (-1.4%), Insurance (-1.0%) and Personal & Household Goods (-0.6%) declined.

Top performers today included VIC (+1.0%), FPT (+1.4%) and MBB (+0.9%). Top laggards included VHM (-2.6%), BID (-1.6%) and GEE (-5.2%).

Foreign investors net sold today with a total value of VND231.9bn (USD8.9mn), with selling momentum focused on VCB (VND166.3bn, USD6.4mn), VIC (VND125.3bn, USD4.8mn), HPG (VND114.7bn, USD4.4mn), and VHM (VND102.3bn, USD3.9mn), while foreigners mainly bought MBB (VND198.7bn, USD7.7mn), DCM (VND114.2bn, USD4.4mn), and GEL (VND76.8bn, USD3.0mn).

Read the full report: HERE