Vietnam Daily Market Recap March 18

VN-Index edges higher as Oil & Gas rebounds

The VN-Index closed Wednesday at 1,713.83, up 3.54 points or 0.2%. Market breadth was negative overall, with 134 advances (14 at ceiling) against 189 declines (four at floor). HOSE matched value rose to VND21.6tn (USD820mn), up 3.2% from the previous session but below the 20-session average. The HNX-Index rose 0.4% to 247.78.

Eight of 17 sectors advanced. Utilities (+3.6%) and Oil & Gas (+3.2%) recorded the largest gains, followed by Chemicals (+2.1%), Industrial Goods & Services (+0.6%), Construction & Materials (+0.3%), Retail Services (+0.1%), Food & Beverage (+0.1%) and Banking (+0.1%). Financial Services (-2.3%) and Technology (-1.2%) posted the steepest declines, followed by Autos & Parts (-0.7%), Resources (-0.5%), Leisure & Entertainment (-0.5%), Healthcare (-0.5%), Insurance (-0.4%), Telecoms (-0.3%) and Real Estate (-0.2%).

The VN30 fell 0.3% to 1,868.84, with 14 advances, five unchanged, 11 declines, and one at floor. No stocks hit their ceiling price within the basket, reflecting selling pressure concentrated in large-cap constituents while the broader market held marginally positive.

Foreign investors extended their net selling streak, with net sales of VND2.5tn (USD93mn) on HOSE. On the sell side, VIC led at VND1,586.9bn (USD60mn), followed by STB at VND235.3bn (USD9mn), VCB at VND217.5bn (USD8mn), KDH at VND192.9bn (USD7mn) and BID at VND190.6bn (USD7mn). On the buy side, MSN led at VND150.5bn (USD6mn), followed by PVS at VND71.5bn (USD3mn), PVD at VND60.3bn (USD2mn), PLX at VND58bn (USD2mn) and VNM at VND41.8bn (USD2mn).

Read the full report: HERE