Vietnam Daily Market Recap June 3

VN-Index falls 0.4%, weighed down by large-cap stocks

The VN-Index closed at 1,819.0 on Wednesday, down 7.5 points (-0.4%). Selling pressure was concentrated in several large-cap stocks, with VIC exerting the largest negative impact on the index. Market breadth remained relatively balanced with 168 advancers, 62 unchanged and 130 decliners, including three stocks hitting floor price. In contrast, the HNX-Index gained 2.7 points (+0.9%) to close at 317.5.

The VN30-Index edged up 1.6 points (+0.1%) to 1,974.6, with 20 advancers against seven decliners. Meanwhile, the VN100 slipped 1.1 points (-0.1%) to 1,893.1.

Sector performance was mixed. Real Estate recorded the steepest decline at -2.5%, followed by Construction & Materials (-1.5%) and Insurance (-0.2%). On the upside, Technology led gainers with an increase of 2.1%, followed by Resources (+1.4%), Utilities (+1.3%), Telecommunications (+1.1%), Financial Services (+0.9%), Oil & Gas (+0.8%), Food & Beverage (+0.6%) and Banking (+0.3%).

HoSE liquidity rose 3.1% DoD to VND16.9tn (USD650mn), suggesting cash flow remained in the market despite cautious investor sentiment amid mixed trading conditions. Foreign investors extended their net selling streak, recording a net outflow of VND691.9bn (USD26.6mn). Net selling was concentrated in ACB (VND392.7bn/USD15.1mn), followed by VHM (VND211.5bn/USD8.1mn), VIC (VND163.6bn/USD6.3mn) and VCK (VND153.6bn/USD5.9mn). On the buying side, FPT led foreign net purchases at VND567.1bn (USD21.8mn), followed by SHB (VND88.4bn/USD3.4mn) and SHS (VND70.1bn/USD2.7mn).

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