Weekly Wrap: Technically, a bull market

The VNI blasted 6% higher WoW to jump the 800 hurdle on surging volumes and that rarest of things – a day of foreign investor net buying – on Friday. Market breadth was positive, with 205 gainers vs 155 losers on the VNI, and 28 gainers vs 2 losers among the heavyweight VN30 stocks. After rising 23.4% since the March trough, the VNI is now technically in bull market territory.

Index, Flows, and FX Performance
 VNINDEX: 814 (+5.8% WoW / -15.30% YTD / -14.5% YoY)
 HNINDEX: 110 (+3.0% WoW / +7.3% YTD / +3.9% YoY)
 UPCOM Index: 52.9 (+1.3% WoW / -6.5% YTD / -4.0% YoY)
 Average daily turnover: US$192mn (+15% WoW)
 Foreigners net sold US$118 million of the 3 indexes’ constituents.
 VND:USD rate: 23,392 (+15bp WoW / -94bp YTD / -9bp YoY)