Vietnam Daily Market Recap April 16

VN-Index extends to 1,820 on fifth straight gain, breadth diverges 

The VN-Index closed Thursday at 1,819.8, up 19.2 points or 1.07%, extending its advance to a fifth consecutive session and reaching highest levels last seen since mid-February. Market breadth was negative, with 98 advances, including seven at ceiling price, against 212 declines, including one at floor price, and 60 unchanged. HoSE matched value rose 1.6% DoD to VND22.5tn (USD854mn), above the 20-session average. The HNX-Index rose 1.49% to 256.5. 

The VN30 rose 0.90% to 1,979.2, with 10 advances and 18 declines, and no constituent hitting floor price. 

Five sectors advanced while 12 declined. Real Estate led gains at 4.8%, driven by VIC hitting ceiling price and VHM rising 4.5%, with the Vingroup complex contributing nearly 30 of the total 33 index points generated by the top 10 advancing names. Construction & Materials rose 1.6%, Retail Services rose 1.0%, Leisure & Entertainment rose 0.5% and Utilities rose 0.2%. On the downside, Financial Services fell 1.2%, Oil & Gas fell 1.2%, Telecoms fell 1.6%, Chemicals fell 1.1%, Technology fell 1.0%, Insurance fell 0.6%, Resources fell 0.2%, Food & Beverage fell 0.0%, Banking fell 0.5%, Industrial Goods & Services fell 0.4%, and Healthcare fell 0.2%. 

Foreign investors recorded net selling of VND1.1tn (USD43mn) on HoSE. On the buy side, VIC attracted the largest inflow at VND464.7bn (USD18mn), followed by SSI at VND235.2bn (USD9mn), HPG at VND75.5bn (USD3mn) and ACB at VND66.6bn (USD3mn). On the sell side, FPT posted the largest outflow at VND523.8bn (USD20mn), followed by VHM at VND463.0bn (USD18mn), HCM at VND118.4bn (USD4mn) and VIX at VND98.8bn (USD4mn). Unlike the prior session, where VHM’s outflow was driven by a single large block trade, the April 16 selling in VHM was more distributed, suggesting continued systematic foreign repositioning in the name. 

Read the full report: HERE