Vietnam Daily Market Recap Oct 31 – Earnings Flash

Stocks drop, led by real estate

The VN-Index opened lower on Friday and remained in negative territory throughout the session, closing down 1.8% at 1,639.7. Market liquidity increased, with total trading value up 15.7% DoD to VND27.2tn (USD1bn). The HNX Index followed a similar pattern to close down 0.4% at 265.9.

Sectors were mixed today. While Real Estate (-4.2%), Travel & Leisure (-4.0%) and Banks (-1.6%) declined, Telecommunications (+3.2%), Oil & Gas (+1.3%) and Technology (+1.1%) led gainers.

Top laggards included VIC (-6.4%), VHM (-4.6%) and VCB (-1.7%), while top performers today included GAS (+3.2%), GVR (+2.5%) and ACB (+1.6%).

Foreign investors net sold today, with a total value of VND530.9bn (USD20.2mn). Selling momentum was concentrated on VIC (VND234.3bn, USD8.9mn), VHM (VND189.7bn, USD7.2mn) and CTG (VND124.2bn, USD4.7mn). On the other hand, net buying was concentrated on VIX (VND195bn, USD7.4mn), MWG (VND92.8bn, USD3.5mn) and KDH (VND81.2bn, USD3.1mn)

Read the full report: HERE