Vietnam Daily Market Recap Mar 04

Stocks inch up, led by O&G

The VN-Index opened lower on Wednesday, traded in negative territory throughout most of the session, but suddenly surged at the end of the session, closing up 0.3% at 1,818. Market liquidity advanced, with total trading value increasing 10.0% DoD to VND48.4tn (USD1.8bn). On the other hand, the HNX Index opened lower and remained in negative territory throughout the session, closing down 0.8% at 267.8.

Today’s top gaining sectors were Oil & Gas (+3.8%), Food & Beverage (+1.9%), and Financial Services (+1.6%). In contrast, Telecommunications (-4.2%), Chemicals (-3.5%), and Industrial Goods & Services (-2.7%) declined.

The top leaders today were BID (+4.7%), GAS (+4.3%), and MCH (+6.1%), while GVR (-4.7%), TCB (-3.7%) and GEE (-6.8%) led laggards.

Foreign investors net sold today, totaling VND1.2tn (USD45.8mn), focusing on FPT (VND392.0bn, USD15.0mn), POW (VND327.7bn, USD12.5mn), and VHM (VND231.6bn, USD8.8mn). Conversely, foreign net buying was mainly observed in VCI (VND195.5bn, USD7.5mn), DCM (VND92.5bn, USD3.5mn), and VCB (VND82.7bn, USD3.2mn).

Read the full report: HERE