Vietnam Daily Market Recap June 25

Stocks muted; O&G underperforms

The VN-Index opened higher on Wednesday and traded in positive territory throughout the morning session, but quickly lost those gains in the afternoon session, closing unchanged at 1,366.7. Market liquidity plunged, with total trading value declining 15.6% DoD to VND21.6tn (USD831.1mn). The HNX Index followed a similar pattern, closing down 0.1% to close at 227.7.

Sector performance was mixed, with Chemicals (+1.9%), Media (+0.9%) and Food & Beverage (+0.6%) leading gainers. In contrast, sectors such as Oil & Gas (-1.5%), Insurance (-1.2%) and Travel & Leisure (-0.9%) declined.

Top performers today included GVR (+3.9%), VHM (+0.8%) and MSN (+1.6%). Top laggards included GAS (-2.3%), MBB (-1.2%) and TCB (-0.6%).

HAG (+1.6%) increased today, amid news that several company insiders were registering to buy a large number of shares, signaling positive sentiment to the market. Specifically, Mr. Doan Nguyen Duc, Chairman of the Board, registered to buy 130 million shares, and Mr. Nguyen Titan, a board member, registered to purchase 2 million HAG shares. The transactions are expected to be carried out between November 13 and December 12.

Foreign investors net bought today with VND177bn (USD6.8mn). Buying momentum focused on HPG (VND219bn, USD8.4mn), VHM (VND114bn, USD4.4mn) and VND (VND90.7bn, USD3.5mn). On the other hand, they mainly sold SHB (VND63.4bn, USD2.4mn), GEX (VND56.2bn, USD2.2mn) and EIB (VND48.3bn, USD1.9mn).

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