Vietnam Daily Market Recap May 23

Stocks tread water; industrials, autos & parts outperform

The VN-Index opened higher on Friday but remained close to its reference price throughout the session, closing up 0.1% at 1,314.5. For the week, the VN-Index increased 1.0%, mainly driven by Vingroup tickers, following the proposal of the Vinspeed project. Market liquidity plunged today, with total trading value decreasing 36% DoD to VND16.9tn (USD649.9mn). In contrast, the HNX-Index decreased 0.2% to close at 216.3.

Sector performance was mixed today, with gainers led by Industrial Goods & Services (+2.2%), Automobiles & Parts (+1.7%), and Utilities (+0.9%). In contrast, Health Care (-0.7%), Financial Services (-0.7%) and Media (-0.3%) declined.

Top performers today included GAS (+3.3%), VHM (+1.0%), and GEE (+7.0%), while top laggards included VPL (-1.9%), TCB (-1.2%) and VPB (-1.1%).

Foreign investors net sold today with a total net selling value of VND197.1bn (USD7.6mn). Selling momentum focused on FPT (VND126bn, USD4.9mn), MSN (VND108bn, USD4.2mn) and MWG (VND88.7bn, USD3.4mn). On the contrary, foreign investors mainly bought GEX (VND79bn, USD3.0mn), VHM (VND68.6bn, USD2.6mn) and VIC (VND61.9bn, USD2.4mn).

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