Vietnam Daily Market Recap Apr 22, 2024 – NT2 Earnings Flash, NLG & DXG AGM

Market commentary: Market rebounds after four-day slide

After a four-day losing streak that had wiped out nearly 100 points, the VN-Index popped higher at the open and maintained its positive momentum throughout the morning session. The same pattern held true in the afternoon, with the index exhibiting minor volatility but retaining its upward trend to close at 1190.22, up 1.31% (or 15.37 points). The HNX Index also recorded a 2.04% increase, finishing at 225.31.

Financial Services emerged as the frontrunner today, registering 5.08% growth. This surge was driven by the much-anticipated launch of the KRX trading system (See our Macro Note below). Several prominent stocks, including VND (6.88%), FTS (7%), and ORS (6.91%), even reached their price ceilings, highlighting the sector’s strong performance.

Most sectors experienced upticks, including banks (1.34%), real estate (0.94%), and food & beverage (0.97%), reflecting the overall market’s positive sentiment. However, the healthcare sector bucked the trend, declining 0.41%.

Top performers today included BID (+3.62%), CTG (+2.22%), SSI (5.72%), TCB (1.69%), and VRE (5.16%), which contributed a total increase of 5.95 points to the VN-Index. Conversely, top laggards included VIC (-1.41%), MBB (-0.44%), PGV (-2.22%) and VNM (-0.31%).

Read the full report: HERE