Vietnam Daily Market Recap May 6

VN-Index rises 0.9%, gains broadened across sectors 

The VN-Index rose 0.9% to 1,891.2 on Wednesday, up 16.4 points. The index declined mid-session on profit-taking before rebounding toward the close. Market breadth turned positive, with 196 advancers vs 108 decliners and 64 unchanged, indicating improved capital dispersion across sectors rather than concentration in large caps. HoSE matched value rose 15.0% to VND21.8tn (USD829.0mn), remaining above the 20-session average. The HNX-Index rose 0.4% to 248.5.

The VN30 rose 1.0% to 2,053.4, with 24 advancers vs three decliners.

Twelve out of 17 sectors advanced. Financial Services led gains, rising 3.1%, followed by Utilities up 1.3%, Chemicals up 1.3%, Industrial Goods & Services up 1.2% and Banking up 1.1%. On the downside, Telecommunications fell 1.2%, Technology declined 0.8%, Oil & Gas fell 0.6%, Insurance declined 0.5% and Construction & Materials was flat.

Foreign investors recorded net selling of VND1.1tn (USD41.9 0mn) on HoSE. FPT recorded the largest net outflow at VND453.8bn (USD17.0mn), followed by ACB at VND213.2bn (USD8.0mn), HPG at VND212.1bn (USD8.0mn), VIC at VND186.9bn (USD7.0mn) and KDH at VND112.0bn (USD4.0mn). On the buy side, POW recorded the largest net inflow at VND202.3bn (USD8.0mn), followed by MSN at VND144.7bn (USD6.0mn) and DGC at VND78.3bn (USD3.0mn). Net selling concentrated in Technology, Banking and Steel large-cap stocks.

Read the full report: HERE