Weekly Wrap: Regional outperformance set to continue

Weekly — May 25

The VNI closed down on Friday amid grim regional performance but still posted its third straight weekly gain (+3%). Breadth on the VNI declined but remained positive with 200 gainers vs 161 losers. Weekly average daily turnover of US$229m was down slightly (-4%) WoW but still +39% above the YTD average. Confirming the stability of the Vietnamese dong, the currency is now 0.5% higher against the (strong) US dollar than it was a year ago.

Index, Flows, and FX Performance
 VNINDEX: 853 (+3.1% WoW / -11.3% YTD / -13.3% YoY)
 HNINDEX: 107 (-1.8% WoW / +4.4% YTD / +0.9% YoY)
 UPCOM Index: 54.2 (+2.1% WoW / -4.1% YTD / -2.1% YoY)
 Average daily turnover: US$229mn (-4.2% WoW)
 Foreigners were small net sellers of US$7 million on the 3 indexes.
 VND:USD rate: 23,273 (+33bp WoW / -43bp YTD / +50bp YoY)
VN30 Components Ticker Closing price (VND K) WoW chg Cont to VN30 (WoW) TTM PE (x) BID 39.3