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Vietnam Daily Market Recap Apr 04, 2022

Daily Market Recap 04/04/2022    46


Market commentary: The VN-INDEX struggles at historic high

The VN-INDEX diverged and struggled around the subsequent record high, eventually closing the session up 8.3pts to 1,524.7pts. Following the market’s spectacular session on Friday last week, the market opened higher with a common gap of 12.5pts. From the first minute, VN30 stocks gained, with cash flow concentrated on Banks, Consumer Staples, Utilities, and Securities, assisting the market in testing the record high of 1,528.5pts. However, due to heavy selling in Fertilizers and Real Estate, the Index struggled and occasionally fell to the session low of 1,524.1pts just before the morning session ended. Many Financial stocks were under pressure at the start of the afternoon session, after a week of gains. The profit-taking impetus was, however, countered by the accelerating growth of several industrial and large-cap real estate equities. Before entering the ATC session, the VN-INDEX maintained a level of roughly 1,526.0pts. The equities GVR (+5.6%), NVL (+4.7%), GAS (+2.5%), MSN (+2.4%), and VIC (+0.7%) all contributed to the market’s upswing. Meanwhile, TCB (-1.3%), DPM (-6.9%), DXG (-6.2%), FPT (-1.5%), and DIG (-2.5%) were the stocks that were putting the market under pressure. At the end of the session, the VN-INDEX increased 0.5% to 1,524.7pts, and the HNX-INDEX rose 1.0% to 458.7pts. 

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