Vietnam Daily Market Recap Feb 12

Stocks climb despite plunging liquidity 

The VN-Index opened higher on Thursday, closing up 1.0% at 1,814. Market liquidity plummeted to extremely low levels ahead of the week-long Lunar New Year holiday next week, with total trading value slipping by 48.7% DoD to VND16.3tn (USD600mn). The HNX Index also traded positively throughout the session, rising 0.2% to close at 256.5.

Today’s top-gaining sectors were Real Estate (+4.0%), Oil & Gas (+1.2%), and Retail (+1%). In contrast, Insurance (-1.2%) and Banks (-0.4%) dropped.

VIC (+5.4%), VHM (+5.8%), and BSR (+1.9%) were the leaders today, while BID (-1.9%), MBB (-2.2%), and VCB (-0.8%) were the top decliners.

Foreign investors net bought today, totaling VND266.3bn (USD10.1mn), focusing on VIC (VND201.9bn, USD7.6mn), GMD (VND115.1bn, USD4.3mn), and EIB (VND53.6bn, USD2mn). Conversely, foreign net selling was mainly observed in ACB (VND136.5bn, USD5.1mn), FPT (VND115bn, USD4.4mn), and VCB (VND92.5bn, USD3.5mn).

Read the full report: HERE