Vietnam Daily Market Recap Jan 04 – market strategy

Market Commentary: VN-INDEX surged 1.8% and recorded the all-time high

The VN-INDEX rose 27.3pts to its historic peak of 1525.6pts in today’s session with the strong support from almost all market pillars. Following positive sentiment from the previous session, Vietnam’s main stock market began in the green after the opening bell. Thanks to the positive outlook of Vietnam stock’s market in 2022, the strong demand from buy side caused the VN-INDEX accelerated to successfully break the historical mark of 1511.7pts. With the aid of all industrial groupings, the VN-INDEX continued to achieve and conquer further record highs in the afternoon session of 1,526.7pts (+1.9%). Notably, VIC (+6.2%) was top leader, and alone contributed 5.9pts to the index gain, followed by VHM (+3.78%), GAS (+5.93%), CTG (+2.51%), and SAB (+3.97%). On the other hand, the top laggards of today include NVL (-2.2%), VJC (-1.79%), MSN (-0.58%), MSB (-2.07%), and FRT (-5.19%). However, in comparison to the overall gain, their influence was negligible. At the end of the session, the VN-INDEX inched up 1.8%, and set a new record high of 1526.7pts, and the HNX-INDEX also increased slightly 0.02% to 474.1pts.

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