Vietnam Daily Market Recap April 22

VN-Index rises 1.3% as real estate leads broad recovery

The VN-Index closed Wednesday at 1,857.3, up 23.8 points or 1.3%, recovering from selling pressure in the morning session. Market breadth was mixed, with 101 advances, including ten at their ceiling price, against 192 declines, including two at their floor price, and 66 unchanged. HoSE matched value fell 17.5% DoD to VND17.4tn (USD696mn), holding near the lower bound of the 20-session average. The HNX-Index rose 0.8% to 255.4.

The VN30 rose 0.9% to 2,025.4, with 12 advances, including one at its ceiling price, against 13 declines and four unchanged.

Sector performance diverged, with six of 17 sectors advancing. Real Estate led gains, rising 4.7%, supported by VIC hitting its ceiling price (+7,0%).  Construction & Materials rose 1.5%, Travel & Leisure gained 0.5%, Chemicals added 0.3%, Retail increased 0.3% and Food & Beverage edged up 0.1%. On the downside, Basic Resources fell 1.3% and Healthcare declined 1.2%. Other sectors also recorded losses, including Telecommunications down 1.0%, Oil & Gas down 0.8%, Financial Services down 0.7%, Technology down 0.6%, Automobiles & Parts down 0.5%, Industrial Goods & Services down 0.4%, Personal & Household Goods down 0.4%, Utilities down 0.3%, Insurance down 0.3% and Banking down 0.1%.

Foreign investors recorded net selling of VND105.7bn (USD4.0mn) on HoSE, a marked narrowing from the prior session. On the sell side, FPT posted the largest outflow at VND209.2bn (USD7.9mn), followed by VHM at VND88.6bn (USD3.4mn), MSB at VND74.1bn (USD2.8mn), HPG at VND61.5bn (USD2.3mn) and SSI at VND60.2bn (USD2.3mn). On the buy side, FUEVFVND attracted VND282.3bn (USD10.7mn), followed by MWG at VND199.3bn (USD7.6mn), VIC at VND161.8bn (USD6.1mn), MSN at VND65.4bn (USD2.5mn) and DGC at VND40.0bn (USD1.5mn). ETF inflows via FUEVFVND and selective accumulation in consumer and real estate names offset persistent selling in technology and banking stocks.

Read the full report: HERE