Weekly Wrap: Foreign net buyers return for the first full week since January

Weekly — May 18

The market grinded out a weekly gain of 1.6%, adding to clearance above the 800 line under strong volumes and a return of foreign investor net buying for the first full week since January. Market breadth remained positive with 226 gainers vs 129 losers on the VNI. The mainboard is now 25.5% higher than its March 24 low.

Index, Flows, and FX Performance
 VNINDEX: 827 (+1.6% WoW / -13.9% YTD / -15.2% YoY)
 HNINDEX: 109 (-0.9% WoW / +6.4% YTD / +2.4% YoY)
 UPCOM Index: 53.2 (+0.5% WoW / -6.0% YTD / -4.2% YoY)
 Average daily turnover: US$239mn (+28.8% WoW)
 Foreigners net bought (!!!) US$91 million of the 3 indexes’ constituents.
 VND:USD rate: 23,363 (+12bp WoW / -81bp YTD / -21bp YoY)