Vietnam Daily Market Recap May 5

VN-Index rose 1.1%, Oil & Gas and Real Estate led gains

The VN-Index rose 1.1% to 1,874.9 on Tuesday, up 20.8 points, as large-cap stocks drove the index higher. Market breadth turned negative, with 92 advancers vs 207 decliners and 57 unchanged, indicating profit-taking pressure remained broad-based in mid- and small-cap stocks while capital concentrated in large caps.

The VN30 rose 0.9% to 2,032.3, supported by large-cap stocks, while the HNX-Index fell 1.0% to 247.4. HoSE matched value rose 11.7% DoD to VND18.9tn (USD719.0mn), remaining above the 20-session average.

Six out of 17 sectors advanced. Oil & Gas led gains, rising 4.2%, followed by Real Estate up 3.3%, supporting the index. Industrial Goods & Services rose 1.5%, Utilities gained 0.8% and Technology increased 0.6%. On the downside, Telecommunications fell 1.5%, Chemicals declined 1.2%, Construction & Materials fell 1.2%, Insurance dropped 1.0%, Healthcare declined 1.0%, Basic Resources fell 0.8%, Financial Services declined 0.5%, Food & Beverage fell 0.3%, Banking edged down 0.2%, Retail declined 0.2% and Travel & Leisure slipped 0.2%.

Foreign investors recorded net selling of VND997.1bn (USD38.0mn) on HoSE. ACB recorded the largest net outflow at VND426.4bn (USD16.0mn), followed by HPG at VND284.6bn (USD11.0mn), FPT at VND133.9bn (USD5.0mn), VCB at VND87.4bn (USD3.0mn) and KDH at VND71.7bn (USD3.0mn). On the buy side, flows concentrated in POW with net buying of VND143.0bn (USD5.0mn), followed by VHM at VND69.2bn (USD3.0mn), PVT at VND68.5bn (USD3.0mn), VRE at VND51.1bn (USD2.0mn) and VIC at VND44.1bn (USD2.0mn).

Read the full report: HERE