Vietnam Daily Market Recap Oct 17

Stocks plunge, led by real estate

The VN-Index opened higher on Friday but traded in negative territory throughout the session, closing down 2.2% at 1,731.2. Market liquidity increased, with total trading value jumping 20.3% DoD to VND42.0tn (USDbn). The HNX Index followed a similar pattern to close down 0.4% to close at 276.1.

Most sectors declined today, led by Real Estate (-3.4%), Technology (-1.6%) and Financial Services (-1.5%). Only Telecommunications (+0.2%) and Basic Resources (+0.02%) rose.

Top laggards today included VIC (-4.3%), VHM (-4.9%) and VPB (-3.8%). Top gainers included GEE (+2.6%), VJC (+0.9%) and BMP (+7.0%).

Foreign investors net sold today, with a total value of VND2.0tn (USD75.9mn), focusing on VSH (VND927.3bn, USD35.2mn), VRE (VND184.7bn, USD7.0mn) and SSI (VND170.2bn, USD6.5mn), while buying focus was on VHM (VND197.6bn, USD7.5mn), VJC (VND118.8bn, USD4.5mn) and DXG (VND116.7bn, USD4.4mn).

Read the full report: HERE