Daily Call

The derivative market tumbled as VN30 underlying index dropped 0.93%. Liquidity rose to 180,593 contracts at USD 649mn. OI at 18,494 contracts.

Foreign sell-offs persisted on all three bourses at more than USD 10mn, lifting the total selling amount to nearly USD 70mn after 12 consecutive days. Key industries, such as banks, real estate and consumer, lost ground pushing VN-Index to slump below 900 pts. Lenders, namely BID, VCB and CTG, continued to decline further while EIB, STB and TCB ticked slightly higher. The three Vingroup tickers remained among the leading forces that negatively impacted real estate. KDH, NLG and DXG switched to the downward trend whereas NVL maintained in the green. GAS, PLX and PVD headed south as global oil price plummeted for three consecutive days. VNM, MSN and SAB, also edged lower. On the contrary, several other notable blue-chips attempted to support the markets after closing positively, namely FPT, POW and YEG. Some FOL tickers showed sign of strength after rumour of the possibility of Diamond ETF approval. Foreign investors posted at USD 10mn in net sold value, topped by VNM, VCB and HPG. Trade liquidity cooled down to nearly USD 127mn on HOSE.

Futures inched higher in line with the VN30 underlying index. Liquidity surged to 163,276 contracts, with the traded value of USD 585mn.

All indices recovered and closed in the green thanks to the banking sector’s rally, topped by BID, CTG and VPB. HDB, MBB and TCB also followed the upward trend. Despite fellow lenders reversing yesterday’s loss, VCB continued to decline further. The three Vingroup tickers, namely VIC, VRE and VHM, weighed down on real estate whereas KDH, DXG, NVL and NLG rose slightly. The pressure of 2019-nCov outbreak still lingered on aviation among HVN and VJC. Oil & gas edged up amid global oil price continued to decline. Retail ended relatively positive as supported primarily by DGW and MWG. VNM soared while MSN drifted lower. Foreign investors remained on the net selling spree of USD 4.9mn worth of shares, mostly among NVL, HAG and VCB. Traded liquidity jumped to USD 177mn on HCM bourse.

Selling pressure kept mounting in today trading session, sending HCMC bourse down by 0.7% and closed at 927.9 pts. This was mainly due to the crash at large caps tickers namely VIC, VHM, VRE, SAB, VNM and GAS. VIC topped the laggards list as investors worried about the prospect of additional listed swapped shares from SDI deal. SAB and VNM retreated ahead of the consequences of epidemic outbreak. Similarly, GAS, PVD and PVS plunged when there’s no sign of recovery of global oil price just yet. HPG slid by 2% also. On the winning side, banking sector was the main engine for the effort of regaining the green as they were expected to be less impacted by the virus  ACB, VPB, CTG, BID climbed higher. MWG, FPT gained when investors bet on the progress of Diamond ETF. Foreign investors’ net sold of USD 12mn worth of shares, led by CTG, VIC and NVL. Trade liquidity shrank to USD 106mn

VN-Index down 0.7% to 927.9 pts while HNX-Index up 0.5% to 110.1 pts.