Vietnam Daily Market Recap Aug 03 – ACB & VCB

Market Commentary: The VN-INDEX gained 1.4% on the back of Financials and Real Estate large caps

The VN-INDEX rose 18.2pts to 1,332.4pts as investors sought to buy Financials and Real Estate market pillars. After the opening bell, the index traded in the green territory and stayed positive throughout today’s session. Notably, VIC and VHM became today’s top supporters, rising 6.5% and 2.6% to VND114,500 and VND110,900, respectively. Other Financials and Real Estate stocks also joined the rally, including VCB (+1.9%), TCB (+2.0%), BID (+1.9%), and VRE (+2.9%), together adding 4.1pts to the index’s move. The index maintained the upward momentum and slowly climbed to its intraday high of 1,332.4pts (+1.4%) at the end of the session. On the contrary, several large caps lost ground, led by GAS (-0.5%), HVN (-2.2%), and PLX (-0.6%). The VN-INDEX successfully closed up 1.4% to 1,332.4pts with 208 movers and 120 losers. The HNX-INDEX also increased 1.3% to 319.1pts.  Foreign investors had a positive trade and net bought a total value of 170.8bn.

Read the full daily report: Daily Market Recap Aug 03 – ACB & VCB