Vietnam Daily Market Recap March 26

VN-Index retreats 0.8%, recovery momentum stalls

The VN-Index closed Thursday at 1,644.6, down 13.6 points or 0.8%, giving back a portion of the prior session’s advance. Market breadth was negative, with 123 advances, including four at ceiling price, against 207 declines, including two at floor price, and 46 unchanged. HoSE matched value fell 16.7% DoD to VND17.2tn (USD654mn), below the 20-session average. The HNX-Index declined 0.6% to 248.2.

The VN30 fell 1.3% to 1,791.2, with three advances and 25 declines, and no constituent hitting ceiling price or floor price, reflecting broad-based selling pressure in large-cap names.

Thirteen sectors declined while four advanced. Telecoms was the standout performer, surging 8.5%, driven by a concentrated move in a small number of names rather than broad sector rotation. Leisure & Entertainment rose 0.7%, Industrial Goods & Services rose 0.5% and Chemicals rose 0.2%. On the downside, Insurance fell 3.1%, Technology fell 3.0%, Oil & Gas fell 1.4%, Utilities fell 1.3%, Resources fell 1.4%, Financial Services fell 1.1%, Retail Services fell 1.2%, Food & Beverage fell 0.8%, Banking fell 1.0%, Real Estate fell 0.4%, Construction & Materials fell 0.5%, Healthcare fell 0.1% and Auto & Parts fell 0.6%. The session’s mixed picture, with a large gain concentrated in a single sector against broad-based declines elsewhere, pointed to the absence of sustained buying conviction following the prior session’s recovery.

Foreign investors recorded net selling of VND701bn (USD27mn) on HoSE, extending the streak to six consecutive sessions. On the sell side, FPT posted VND246.7bn (USD9mn), VCB VND103.1bn (USD4mn), DGC VND84.8bn (USD3mn), STB VND66.5bn (USD3mn), BID VND64.6bn (USD2mn), VHM VND61.6bn (USD2mn) and SSI VND58.3bn (USD2mn). On the buy side, MWG attracted the largest inflow at VND164.0bn (USD6mn), followed by DCM at VND65.6bn (USD2.4mn), ACB at VND55.7bn (USD2mn) and HCM at VND43.7bn (USD1.6mn).

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