Vietnam Daily Market Recap April 28

VN-Index rises 1.2% as Vingroup tickers-related surge

The VN-Index closed Tuesday, April 28 at 1,875.8, up 22.6 points or 1.2%, again approaching the 1,880 resistance level. The advance was driven by Vingroup-listed stocks, with VRE, VHM and VIC hitting their ceiling price. Despite the index gain, market breadth remained negative, with 98 advances, including nine at their ceiling price, against 203 declines, including seven at their floor price, and 52 unchanged, reflecting a pattern of index gains masking broad underlying weakness.

HoSE matched value rose 5.5% DoD to VND18.3tn (USD695mn), remaining below the 20-session average. The HNX-Index fell 1.0% to 249.4. The VN30 rose 1.5% to 2,041.4, with ten advances, including two at their ceiling price, against 16 declines, including one at its floor price, and one unchanged.

Three of 17 sectors advanced. Real Estate led gains, rising 5.3%, driven by ceiling-price moves in VIC, VHM and VRE. Retail Services rose 1.2% and Technology gained 1.0%. On the downside, Oil & Gas fell 5.9%, Utilities fell 3.0%, Telecoms fell 1.6%, Chemicals fell 1.7%, Resources fell 1.2%, Banking fell 0.5%, Construction & Materials fell 0.5%, Industrial Goods & Services fell 0.6%, Financial Services fell 0.1%, Food & Beverage fell 0.02%, Leisure & Entertainment fell 1.0%, Insurance fell 0.5% and Healthcare fell 0.3%.

Foreign investors recorded net selling of VND551.4bn (USD20.9mn) on HoSE, a marked narrowing from the prior session. FPT posted the largest net outflow at VND285.8bn (USD10.9mn), followed by VHM at VND169.1bn (USD6.4mn), SHB at VND81.1bn (USD3.1mn), VPB at VND64.9bn (USD2.5mn) and ACB at VND57.9bn (USD2.2mn). On the buy side, VRE attracted VND156.7bn (USD5.9mn), followed by NVL at VND119.1bn (USD4.5mn), VIC at VND87.7bn (USD3.3mn), STB at VND65.8bn (USD2.5mn) and SSI at VND63.2bn (USD2.4mn).

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