Vietnam Daily Market Recap April 18 – HPG, DPM, CTG, PLC AGM, VIC Update & AST Initiation

Stocks inch higher; VIC hits floor price

The VN-Index opened in the green on Friday and looked poised to close the week with a strong gain, but selling pressure in the last hour of trading left the index up just 0.2% at the close at 1,219.1. Total liquidity shows little change, only down 0.2% DoD to VND21.5tn (USD825.6mn). The HNX-Index surged 1.7% to 213.1.

Most sectors were up, led by Media (+3.9%), Technology (+1.8%), and Food & Beverage (+1.5%). In contrast, Travel & Leisure (-3.5%), Real Estate (-2.3%) and Insurance (-0.8%) declined.

VIC (-6.9%) hit its floor price today, as the market reacted to foreign inventors aggressively selling the stock for a total of VND4.6tn (USD175.9mn) over the last two trading days.

Foreign investors net sold today, with a total net selling value of VND733mn (USD28,191). They mainly sold VIX (VND82.2bn, USD3.1mn), HCM (VND74.9bn, USD2.9mn), and VHM (VND68.6bn, USD2.6mn).  On the other hand, they net bought FPT (VND270bn, USD10.4mn), SHB (VND76bn, USD2.9mn), and HPG (VND67.4bn, USD2.6mn).

Today’s top gainers included SHB (+6.6%), FPT (+2.0%) and VPB (+2.9%), while top laggards included VIC (-6.9%), VHM (-3.2%) and HVN (-5.5%).

Read the full report: HERE