Vietnam Daily Market Recap March 19

Selling pressure broadens after Fed hold rates steady, ECB pauses

The VN-Index closed Thursday at 1,699.13, down 14.70 points, or 0.9%. Market breadth was negative, with 95 advancers, including four at their ceiling prices, and 229 decliners, including five at their floor prices. HoSE matched value rose 6.0% to VND22.9tn (USD870mn) but remained below the 20-session average. The HNX-Index fell 0.8% to 245.73.

All 17 sectors declined. Oil & Gas fell 3.9% and Chemicals dropped 3.2%, followed by Industrial Goods & Services at 2.3%, Technology at 2.0%, Resources at 2.0%, Utilities at 1.9%, Financial Services at 1.6% and Leisure & Entertainment at 1.4%. Banking fell 0.7%, Construction & Materials 0.8%, Insurance 0.9%, Retail Services 0.8%, Telecoms 0.5%, Food & Beverage 0.4%, Healthcare 0.5% and Real Estate 0.2%.

The VN30 fell 0.8% to 1,854.19, with seven advancers and 22 decliners, including one at its floor price. No stocks reached their ceiling prices in the basket, indicating broad-based selling across large-cap names.

Foreign investors recorded net sales of VND1tn (USD39mn) on HoSE. Net selling was led by FPT at VND236.5bn (USD9mn), VIC at VND226.4bn (USD9mn), BSR at VND144.1bn (USD5mn), FUEVFVND at VND79.3bn (USD3mn) and PLX at VND78.1bn (USD3mn). On the buy side, MSN recorded the largest net inflow at VND238.7bn (USD9mn), followed by VHM at VND110.6bn (USD4mn) and ACB at VND88.6bn (USD3mn).

Read the full report: HERE