Vietnam Daily Market Recap Aug 19 – MWG & CTG

Market Commentary: The VN-INDEX increased 1.02% on the back of Real Estate sector

The VN-INDEX broke its losing streak to surge 13.9pts and closed at 1,374.8pts in today’s session with impressive performance from Real Estate large caps. After the opening bell, the market fluctuated around reference level for some time. Then, it quickly sank into the red territory and touched its intraday low of 1,352.9pts (-0.5%) as the selling pressure emerged into the Financial sectors, led by CTG (-0.6%), ACB (-0.7%), BID (-0.4%), and TPB (-1.5%). However, the indexes gradually recovered in the afternoon market with the main contribution from the Real Estate sectors. In which, VIC was the biggest supporter by increasing sharply 6,2%, and alone, adding 5.5pts to the index’s advance. Other large caps also joined the rally, including VHM (+0.9%), NVL (+1.8%), VRE (+0.5%), GVR (+3.3%), and HPG (+1.0%), helping the index keep its positive sentiment until close. At the end of the session, the VN-INDEX rose sharply by 1.0% to close at its peak of 1,374.8pts. The HNX-INDEX also increased but at a modest matter of 0.36% to close at 346.1pts.

Read the full daily report: Daily Market Recap Aug 19 – MWG & CTG