Vietnam Daily Market Recap March 24

VN-Index rebounds 1.5% on broad gains

The VN-Index closed Tuesday at 1,614.77, up 23.60 points or 1.5%, bouncing off sharp losses the previous two trading days. Market breadth was positive, with 273 advances, including 14 at ceiling price, against 59 declines, including three at floor price, and 48 unchanged. HoSE matched value reached VND20.2tn (USD769mn), down 31.3% DoD and below the 20-session average, suggesting limited conviction behind the day’s gains. The HNX-Index rose 2.6% to 243.81.

The VN30 rose 1.7% to 1,770.16, with 25 advances and three declines, and no constituent hitting either ceiling price or floor price, reflecting measured participation in large-cap names.

Sixteen of 17 sectors advanced. Leisure & Entertainment led with a 3.2% gain, followed by Insurance (4.6%), Industrial Goods & Services (3.0%), Telecoms (2.9%), Retail Services (2.7%), Technology (2.7%), Banking (2.2%), Construction & Materials (2.2%), Resources (1.7%), Financial Services (1.7%), Food & Beverage (1.4%), Healthcare (0.9%), Real Estate (0.3%) and Utilities (0.2%). Oil & Gas was the sole decliner, down 0.1%.

Foreign investors recorded net selling of VND531bn (USD20mn) on HoSE. On the sell side, VIC led with VND148bn (USD5.6mn), followed by MWG VND147bn (USD5.6mn), VHM VND138bn (USD5.3mn), HPG VND136bn (USD5.2mn), BID VND125bn (USD4.8mn), VCB VND118bn (USD4.5mn), HDB VND112bn (USD4.3mn), STB VND85.4bn (USD3.3mn) and KBC VND77.8bn (USD3.0mn). On the buy side, BSR saw the largest inflow at VND156bn (USD6.0mn), followed by VCK VND115bn (USD4.4mn), VCI VND107bn (USD4.1mn), DGC VND57.3bn (USD2.2mn) and CTG VND43.3bn (USD1.6mn).

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