Daily Call

Market wrap: VN-Index surges above 880 level mark while foreign net selling returns

Macro wrap:  Update on Vietnam Household Living Standard Survey

Equity wrap: PVD VN (Market Perform; TP VND: 12,700): Update on 1Q20 results and 2020-2021 estimates

Market wrap: Stocks edge down despite foreign net buy maintains for 2 consecutive days

Macro wrap:  Update on fintech sandbox

Equity wrap: Vietnam ETFs 2Q20 rebalancing review

Market wrap: Banking stocks fuel both bourses higher

Macro wrap:  Update on public investment

Equity wrap: VTP VN: Analyst meeting flash note

Market wrap: Indices remained on winning streak despite stocks trading mix

Macro wrap:  Update on May macro data

Equity wrap: TPB VN (Outperform; TP VND: 24,700): 2020 AGM Note

Market wrap: Both bourses diverged into green on foreign net buy

Macro wrap:  Update on gasoline price

Equity wrap: BID VN: Sacrificed profit for the sake of improving asset quality

Market wrap: Blue-chips pressure the market to close lower

Macro wrap:  Update on foreign investment into Vietnam: May 2020

Equity wrap: VJC VN: 1Q2020 business update: First loss quarter since listing due to the pandemic

Market wrap: Vietnam stocks join global rally on hope of vaccine breakthrough

Macro wrap:  Update on public investment

Equity wrap: CTG VN (Outperform; TP VND: 27,200): 2020 AGM Note: Capital raising is the key driver for growth

Market wrap: Both bourses land in the green while foreign net selling returns

Macro wrap:  Update on public investment

Equity wrap: REE VN (Outperform; TP VND 37,000): Lack of short-term catalysts; instead looking towards FY23-24 for action from E-Town 6 and offshore wind project

Market wrap: Blue-chips pressure VN-Index into red

Macro wrap:  Update on Covid-19 pandemic impact

Equity wrap: MSN VN: 1Q20 prelim results

The market traded mix with VN-Index edging higher, up 0.8%, while HNX-Index dropped, down 1.7%.

VHM (+5.3%) and VRE (+6.6%) surged carrying HCM bourse into green. VIC (+0.1%) and NVL (+0.2%) slightly rose whereas KDH (-0.9%), DXG (-0.9%) and NLG (-0.8%) slumped.

ROS ended at ceiling price (+6.8%) along with the rise of other construction tickers, namely CTD (+2.5), FCN (+2.2%), CII (+0.2%) and HBC (+0.6%).

VN-Index extended on the winning streak, up 1.1%, while HNX-Index treaded slightly into green, up 0.3%.

Banking led the rally among CTG (+4.4%), EIB (+3.2%), TCB (+3.1%) and VCB (+0.6%) whereas VPB dropped slightly (-0.4%).

VRE (+1.4%) and VHM (+1.8%) continued to drive real estate sector upward with other realties, namely KDH (+2.8%), DXG (+3.8%) and NVL (+0.4%), all followed. VIC closed sideway.

VN-Index diverged into green, up 1.2%, from blue-chips inching higher while HNX-Index continued to decline 0.4%.

The steel manufacturers HPG (+6.8%) and HSG (+6.9%) surged to ceiling prices, boosting the market’s gain. NKG (+3.7%) also switched to green against past days’ loss.

Many banking stocks rose, notably VCB (+3.3%), VPB (+5.2%), CTG (+2.2%) and TCB (+2.0%). STB (-0.7%), on the other hand, cooled down.

Global oil price climbed as several countries worldwide have eased the lockdown and rising expectation to economy recovery from the pandemic. Oil&gas tickers rallied, namely GAS (+3.7%), PLX (+1.9%), PVD (+4.3%) and PVS (+1.6%). 

The market ended the week in the red as selling pressure weighed on both bourses throughout majority of the trading session. VN-Index and HNX-Index down 0.6% and 2.1%, respectively. Several key sectors diverged into decline.

The three Vingroup tickers, VIC (+1.0%), VHM (+1.4%) and VRE (+0.2%), all surged despite lingering foreign net sell, narrowing down the indices' loss. Other real estate stocks went under, namely KDH (-4.1%), DXG (-3.6%) and NLG (-2.0%).

Many lenders closed lower, notably BID (-2.8%), CTG (-2.1%) and TCB (-1.2%). VPB (+0.8%) slightly rose whereas VCB remained flat.

Both bourses continued to edge down, in which VN-Index and HNX-Index declined 0.2% and 0.5%, respectively.

MSN surged from significant foreign net buy (+3.2%). SAB also followed slightly into green (+0.1%) while VNM ticked down (-0.6%).

Financial services sector also headed for the uptrend, notable SSI (+1.4%), HCM (+3.1%) and VCI (+4.1%).

VIC rallied despite lingering foreign net selling (+1.1%) while the other 2 Vingroup tickers, VHM (-1.1%) and VRE (-1.8%), slumped further. Other realty firms climbed among NVL (+0.2%), FLC (+1.7%) and DXG (+0.5%).