Vietnam Daily Market Recap Sep 17

Market Commentary: The VN-INDEX increased for the third consecutive sessions

The VN-INDEX edged up 6.8pts to 1,352.6pts in today’s session, with the main support from Financial large caps. The index started its morning session with a strong increase right after the opening bell, but then quickly decelerated due to strong selling pressure among Real Estate large caps, including VIC (-1.1%), VRE (-2.7%), PDR (-2.2%) and KDH (-1.6%). However after the dip, the market still maintained to stay in green territory, and kept the positive sentiment remaining throughout the whole morning session. In the afternoon session, the green position continued to be consolidated, boosting the index to reach its intraday high of  1,356.2pts. Financial large caps became the main contributors to the index’s advance, including VPB (+3.1%), BID (+1.5%), TPB (+5.6%), TCB (+1.3%), ACB (+1.0%) and CTG (+0.5%). Other large caps also joined the rally, led by VHM (+1.4%), HPG (+1.0%) and FPT (+1.1%). At the end of the session, VN-INDEX edged up 0.5% to close at 1,352.6pts, and HNX-INDEX also rose 1.3% to close at 357.9pts in today’s session.

Read the full report: HERE