Vietnam Daily Market Recap April 9

VN-Index declines 1.1% as selling pressure persists

The VN-Index closed Wednesday at 1,736.7, down 19.9 points or 1.1%, extending the corrective trend as selling pressure remained present across key sectors. Market breadth tilted negative with 120 advances, including four at ceiling price, against 191 declines, including one at floor price, while 55 stocks were unchanged, indicating cautious sentiment. HoSE matched value reached VND25.2tn (USD956mn), broadly stable DoD and above the 20-session average, suggesting continued active trading despite the pullback. The HNX-Index fell 0.9% to 250.9.

The VN30 declined 0.8% to 1,915, with seven advances and 22 declines, reflecting mild but persistent selling pressure in large-cap stocks.

Sector performance broadly declined. Real Estate led losses, down 1.5%, followed by Financial Services, down 1.1%, Banking, down 0.8% and Telecoms, down 2.5%. Oil & Gas declined 2.4% and Chemicals fell 1.25%, while Leisure & Entertainment dropped 1.6%. Retail Services, down 0.6%, and Food & Beverage, down 0.5%, also recorded losses. Utilities declined 1.0%, while Construction & Materials fell 0.5%. Notably, Resources edged up 0.01%, acting as the only sector to post a marginal gain, highlighting the absence of broad-based sector rotation.

Foreign investors recorded net selling of VND2.47tn (USD93.8mn) on HoSE, maintaining a strong net outflow trend. On the buy side, HPG attracted the largest inflow at VND482.2bn (USD18.3mn), followed by VIX at VND67.9bn (USD2.6mn), TCB at VND67.9bn (USD2.6mn) and TCX at VND64.8bn (USD2.5mn). NVL and GEL also recorded notable inflows. On the sell side, VPL saw a significant outflow of VND3.28tn (USD124.5mn), far exceeding other names, followed by VHM at VND103.2bn (USD3.9mn), BID at VND88.0bn (USD3.3mn) and VCB at VND60.3bn (USD2.3mn).

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