Vietnam Daily Market Recap Oct 23 – Securities Sector Note, TCB, MWG & ACB Earnings, HVN Update

Stocks advance as Vingroup tickers rise

The VN-Index opened lower on Thursday but quickly reversed and traded in the positive territory throughout the session, closing up 0.5% at 1,687.1, with most of the gain attributed to Vingroup-related tickers, including VIC (+5.9%), VHM (+1.8%) and VPL (+2.0%). Market liquidity decreased, with total trading value down 23.5% DoD to VND24.6tn (USD927mn). The HNX Index traded around its reference price throughout the session, but suddenly declined toward the end of the session, closing down 0.9% at 266.4.

Most sectors rose today, led by Real Estate (+2.8%), Insurance (+2.0%) and Retail (+1.5%), while Technology (-2.0%), Telecommunications (-1.7%) and Basic Resources (-1.7%) declined.

Top performers today included VIC (+5.9%), VHM (+1.8%) and LPB (+2.0%). Top laggards included TCB (-2.0%), CTG (-1.6%) and VPB (-1.5%).

Foreign investors net sold today, with a total value of VND1.3tn (USD48.7mn), focusing on FPT (VND235bn, USD8.9mn), HDB (VND187bn, USD7.1mn) and VJC (VND115bn, USD4.3mn). On the other hand, foreign investors were net buyers of CTG (VND263bn, USD9.9mn), VHM (VND209bn, USD7.9mn) and MSN (VND165bn, USD6.2mn).

Read the full report: HERE