Vietnam Daily Market Recap Nov 6 – November Market Strategy & TCM Update

Stocks surge, led by banks

The VN-Index opened lower on Thursday and remained in negative territory throughout the session, closing down 0.7% at 1,642.6. Market liquidity decreased 11.4% DoD to VND18.0tn (USD683mn). The HNX Index followed a similar pattern, closing down 0.2% at 266.2.

Most sectors decreased today, led by Financial Services (-1.6%), Food & Beverage (-1.2%) and Banks (-1.1%), while Industrial Goods & Services (+0.7%), Health Care (+0.4%) and Personal & Household Goods (+0.2%) gained.

Top laggards today included VPB (-2.6%), VCB (-0.8%), and HDB (-3.1%), while top performers included VIC (+0.6%), BCM (+2.2%), and BMP (+4.7%).

Foreign investors continued net selling today with a total value of VND809bn (USD30.7mn), focusing on STB (VND180bn, USD6.8mn), VPB (VND103bn, USD3.9mn) and HPG (VND89.2bn, USD3.4mn). On the other hand, buying momentum was focused on MWG (VND177bn, USD6.7mn), VIC (VND71.7bn, USD2.7mn) and VNM (VND31.1bn, USD1.2mn).

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