Vietnam Daily Market Recap Sep 18 – VHC & VTP Update

Stocks fall, led by tech

The VN-Index opened higher on Thursday, traded sideways throughout the session and closed down 0.4% at 1,665. Market liquidity declined, with total trading value down 14.4% DoD to VND32.1tn (USD1.1bn). The HNX Index followed a similar pattern, posting a loss of 0.3% to close at 277.

Most sectors declined today, led by Technology (-2.3%), Oil & Gas (-1.2%) and Telecommunication (-0.9%), while Real Estate (+0.6%), Automobiles and Parts (+0.4%) and Retail (+0.3%) gained.

Top laggards today included VCB (-1.4%), FPT (-2.4%) and VNM (-2.3%), while top performers included VIC (+1.3%), VHM (+0.6%) and STB (+1.4%).

Foreign investors net sold today with a total value of VND1.5bn (USD57.1mn). Selling pressure was concentrated in VIC (VND215bn, USD8.1mn), VHM (VND136bn, USD5.1mn) and SSI (VND123bn, USD4.7mn). On the other hand, top net buying was seen in GEX (VND68.9bn, USD2.6mn), HVN (VND50.5bn, USD1.9mn) and NKG (VND35.5bn, USD1.3mn).

Read the full report: HERE