04/05/2020 - 08:44

Weekly Wrap: Consolidation under way

The VNI closed down -1.0% in the holiday-shortened week to reach 769 points. Market breadth was negative among the big caps but positive in the wider market, as big cap-focused foreigners continued to sell. Fun fact: April’s +16.1% VNI performance was only the 22^nd best month historically, but it was the highest monthly return since May 2009.

Index, Flows, and FX Performance

· VNINDEX: 769 (-1.0% WoW / -20.0% YTD / -21.5% YoY)

· HNINDEX: 107 (-0.1% WoW / +4.2% YTD / -0.6% YoY)

· UPCOM Index: 52.2 (+1.1% WoW / -7.7% YTD / -7.1% YoY)

· Average daily turnover: US$179mn (-7% WoW)

· Foreigners net sold US$59 million of the 3 indexes’ constituents.

· VND:USD rate: 23,309 (+83bp WoW / -58bp YTD / -12bp YoY)