Vietnam Daily Market Recap March 16

Oil & Gas selloff drags VN-Index lower in thin volume

The VN-Index closed Monday at 1,693.21, down 3.03 points or 0.2%, with market breadth slightly negative at 149 advances (four at ceiling) against 155 declines (11 at floor), with 74 stocks unchanged. HoSE matched value fell to VND20.4tn (USD774mn), down 17.7% from the previous session and below the 20-session average. The HNX-Ind¬ex edged down 0.04% to close at 245.74.

Eight sectors closed in the green. Telecoms (+1.6%), Technology (+1.5%) and Food & Beverage (+1.4%) led advancers, followed by Financial Services (+1.0%), Real Estate (+0.4%), Healthcare (+0.3%), Construction & Materials (+0.1%) and Banking (+0.1%). Oil & Gas (-5.5%) was the session’s worst performer by a wide margin, followed by Chemicals (-3.2%), Utilities (-2.3%) and Leisure & Entertainment (-1.9%). Resources (-1.3%), Retail Services (-0.7%), Insurance (-0.6%) and Industrial Goods & Services (-0.4%) also closed lower.

Among VN30 constituents, 12 stocks advanced against 13 decliners, with five unchanged, as the index slipped 0.03% to 1,852.99. No stocks hit ceiling or floor within the basket.

Foreign investors extended their net selling streak, offloading a net VND1.3tn on HoSE. BSR drew the heaviest foreign selling at VND181.3bn, followed by VIC (VND159.8bn), PVD (VND147.3bn), VHM (VND139.6bn) and STB (VND119.8bn). On the buy side, MCH attracted the strongest foreign interest at VND114.3bn, followed by PVS (VND81.3bn), VCK (VND55.2bn), PLX (VND49.1bn) and MSN (VND43.8bn).

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