20/04/2020 - 08:49
Weekly Market Roundup: Stocks remain buoyant despite continued FINI net selling
The broad rally continued for the second week in a row, with the mainboard VNI closing up 4% during the week ending April 17. Market breadth remained very healthy for the second week in a row, with 278 gainers vs 93 losers among all VNI components. However, foreign net selling more than doubled from the previous week. The VNI has now rallied 20% from its YTD low of 659 points on March 24.
Index, Flows, and FX Performance
VNINDEX: 790 (+4.2% WoW / -17.8% YTD / -18.8% YoY)
HNINDEX: 110 (+4.0% WoW / +7.8% YTD / +3.8% YoY)
UPCOM Index: 52.2 (+3.0% WoW / -7.8% YTD / -7.5% YoY)
Average daily turnover: US$164mn (-10% WoW)
Foreigners net sold US$56 million of the 3 indexes’ constituents.
VND:USD rate: 23,381 (+24bp WoW / -89bp YTD / -77bp YoY)
