Market summary of Wednesday, April 6, 2022
Vietnam:
The VN-Index rebounded sharply during the afternoon session as it reversed earlier losses to close slightly higher by 0.19%, led by the VN30 stocks. Meanwhile, the HNX-Index dropped 2.03%.
Banks were the top gainers on the VN-Index, with VPB rallying 4.3%, while VCB jumped 1.9%. MBB also climbed 2.1%, while TCB, STB, and VIB rose more than 1%. HPG and MWG also surged more than 2%, while FPT soared 3.7%. SAB was up 2%, while MSN and GVR added more than 1%. On the other hand, VIC was the biggest drag on the index, plunging 2.2%, while VNM and NVL dropped more than 1%. Real estate shares also saw steep losses, with FLC, HQC, DIG, ASM, etc. tumbling to their floor prices. GEX also shed 6.5%, while ROS plummeted to its floor price.
On HNX, IDC contributed the most to the index's losses as it tumbled 8.5%, while HUT also plummeted 9.8% to its floor price. PVL also tumbled 8.4%, while CEO and BII shed 4.8% each. ART continued to drop by 7.9%, SHS slipped 0.7%, while MBS added 1.4%. PVC and PVB also plunged more than 4%, while PVS rose 0.6%. HTP and TNG led the gains on the index, climbing 4.4% and 3.1%, respectively.
The telecommunication sector rallied 4.22% to the top of the session, followed by technology shares climbing 2.12%. The financial sector closed slightly higher by 0.07% as gains from banks offset steep losses from real estate stocks. Industrial shares were the biggest losers on Wednesday, dropping 1.54%, while the oil sector slipped 0.29%.
Foreign investors bought a net of 113.35 billion VND on the VN-Index, focusing on DXG, STB, SSI, and MSN. Meanwhile, the HNX-Index ended the session with a net foreign sell of 28.89 billion VND with a sell-off in NVB and CAN.
