Vietnam Daily Market Recap December 3, 2024

Market commentary: Stocks flat; Telecom, Healthcare, Insurance outperform

The VN-Index criss-crossed positive and negative territory Tuesday before closing down 0.1% at 1,249.8. Total trading value increased 20% from Monday to VND11.5tn (USD452.8mn) but was still well below the three-month average of USD525mn. The HN-Index was flat at 225.3.

Insurance (+3.6%), Healthcare (+3.0%), Technology (+1.9%) and Industrial Goods & Services (+0.8%) gained today. Conversely, Telecommunications (-1.3%), Travel & Leisure (-1.1%), Chemicals (-0.8%) and Retail (-0.8%) were the main laggards.

The Healthcare sector continued its upward momentum today, led by IMP (+6.9%), DHT (+8.8%) and DBD (2.4%), supported by positive news. The People’s Committee of Thai Binh Province recently issued Decision No. 2042/QD-UBND, approving the 1:2,000-scale subdivision plan for the Pharmaceutical-Biotechnology Industrial Park in Quynh Phu District. This specialized industrial park will focus on the production and supply of products and services in the pharmaceutical and biotechnology sectors.

Foreign investors net sold today (VND226bn, USD8.9mn). Net bought stocks included MSN (VND80.3bn, USD3.2mn), TCB (VND28.4bn, USD1.1mn) and CTR (VND21.3bn, USD800,000). In contrast, foreigners sold VCB (VND121bn, USD4.8mn), MWG (VND58.4bn, USD2.3mn), and FPT (VND55.8bn, USD2.2mn).

Top performers today were FPT (+2.0%), BVH (+6.3%), HDB (+2.6%), and LPB (+2.1%), while top laggards include VCB (-1.3%), BID (-1.0%), and GVR (-1.8%).

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