Vietnam Daily Market Recap May 18

VN-Index rose 0.3%, led by Telecommunications and Oil & Gas stocks

The VN-Index closed at 1,927.9 on Monday, rising 6.3 points (0.3%) as late-session buying helped the market recover after early selling pressure driven by cautious sentiment and short-term profit taking. Market breadth remained negative with 131 advancers, 178 decliners and 56 unchanged. HoSE matched value increased 14.3% DoD to VND23.8tn (USD910.0mn), indicating that cash flows remained active. The HNX-Index rose 0.7% to 259.3, up 1.8 points, with 74 advancers and 66 decliners.

The VN30 edged down 0.2% to 2,046.4, losing 4.2 points with 12 advancers and 16 decliners.

Ten out of 19 sectors advanced. Telecommunications led gains with a sharp 7.8% increase, followed by Oil & Gas (+5.6%), Insurance (+4.3%) and Chemicals (+2.8%). Banking also rose 1.4%. On the downside, Retail declined 2.7%, followed by Real Estate (-1.4%) and Healthcare (-0.7%), while Construction & Materials edged down 0.3%.

Foreign investors recorded net selling of VND606.1bn (USD23.0mn) on HoSE. Net outflows focused on ACB at VND170.0bn (USD6.5mn), HPG at VND135.5bn (USD5.2mn) and VHM at VND73.0bn (USD2.8mn). On the buy side, foreign investors concentrated on VCB with net buying of VND231.6bn (USD8.8mn), followed by VNM at VND97.6bn (USD3.7mn) and MSB at VND65.5bn (USD2.5mn). Diverging foreign flows alongside stronger liquidity suggested ongoing portfolio restructuring toward sectors supported by stronger fundamentals.

Read the full report: HERE