Vietnam Daily Market Recap Oct 22 – Economic Update

Stocks gain, led by tech

The VN-Index opened higher on Wednesday but traded in negative territory through most of the session only rebound to close up 0.9% at 1,678.5. Market liquidity decreased, with total trading value down 35% DoD to VND29.3tn (USD1.1bn). The HNX Index followed a similar pattern, posting a gain of 1.5% to close at 268.7. 

Most sectors rose today, led by Technology (+3.6%), Oil & Gas (+3.1%) and Utilities (+2.2%), while Media (-2.7%), Telecommunications (-1.7%) and Financial Services (-0.2%) declined. 

Top performers today included VPL (+6.6%), VHM (+1.9%) and GAS (+5.4%). Top laggards included TCX (-1.8%), SHB (-2.1%) and VIC (-0.2%). 

Foreign investors net sold today, with a total value of VND1.8tn (USD68.3mn), focusing on CTG (VND184bn, USD7.0mn), HPG (VND165.6bn, USD6.3mn) and VCI (VND149.8bn, USD5.7mn). On the other hand, foreign investors were net buyers of FPT (VND278.4bn, USD10.6mn), TCX (VND125.3bn, USD4.8mn) and VRE (VND48.8bn, USD1.9mn). 

Read the full report: HERE