Vietnam Daily Market Recap Aug 02 – Market Strategy, STK, DBC & PVT

Market Commentary: The VN-INDEX rose 0.32% on the first trading session of August

The VN-INDEX rose 4.17pts to 1,314.2pts with support from various sectors. Right after the opening session of August, the index fluctuated above the reference level and quickly dropped to its intraday low of 1304.8pts. However, it soon recovered to green territory and remained in this position until closing. Notably, today is the first official trading session of ACB, SAB, and GVR, after these three stocks join the VN30 basket. GAS is the biggest supporter by adding 2pts (+4.4%) for the index’s advance. Other large caps also joined the rally, led by BID (+3.5%), MWG (3.5%), MSN(1.6%), FPT (1.7%), VJC (2.2%), and together adding 3.7pts to the index move. The positive momentum continued in the afternoon session, thus pushing the VN-INDEX to its intraday high of 1,322pts (+0.6%). On the other hand, several Financial large caps fell due to selling pressure, including VCB (-1.0%), SAB (-2.5%), CTG (-1.9%), ACB (-1.7%), and VPB (-1.0%). At the end of the session, the VN-INDEX edged up to close at 1,314.2pts (0.32%), while the HNX-INDEX went sideways to land at 314.9pts (0.04%).

Read the full daily report: Daily Market Recap Aug 02