Vietnam Daily Market Recap June 6

Stocks plunged, led by retail

The VN-Index opened lower on Friday, remaining in the negative territory throughout the session, closing down 0.9% at 1,329.9. For the week, the VN-Index decreased 0.2%, amid Vietnam reportedly facing significant pressure from the United States in ongoing trade talks. Market liquidity surged 25.3% DoD to VND24tn (USD923.7mn). The HNX followed a similar pattern, closing down 1.1% at 228.6.

Most sectors declined today, with Retail (-2.1%), Financial Services (-2.0%), and Chemicals (-1.9%) led laggards. Only Oil & Gas (+1.4%) increased today.

Foreign investors net sold today, with a total net selling value of VND2.1tn (USD79.8mn) today, with the largest outflows in VHM (VND1.6tn, USD59.6mn), VCI (VND106bn, USD4.1mn), and FPT (VND82.8bn, USD3.2mn). On the other hand, net buying was concentrated in HPG (VND94.4bn, USD3.6mn), VIC (VND55.7bn, USD2.1mn), and GEX (VND49.1bn, USD1.9mn).

Top laggards included TCB (-2.6%), VIC (-1.0%), and GVR (-2.9%), while top gainers were HPG (+1.2%), PLX (+3.6%), and STB (+1.0%).

Read the full report: HERE