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Vietnam Daily Market Recap Aug 30 – Market Strategy Sep 2021

Daily Market Recap 30/08/2021    119

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Market Commentary: The VN-INDEX stayed in the green throughout the session

Following the positive sentiment of Friday’s session last week, the market had another recovery session by surging 14.9pts on the back of strong performance of Financials’ stocks. Vietnam’s main stock market opened the first session of the week with green color spreading across all sectors and managed to stay in the green territory throughout the session. Notably, the Financials sector had a positive trading day, with VCB providing the largest support. The stocks rose 1.5% to VND99,300, followed by smaller Financials tickets such as CTG (+3.7%), TCB (+2.4%), BID (+1.9%), LPB (+6.9%), MBB (+1.4%), STB (+2.2%),  and EIB (+3.7%). These stocks contributed a combined 6.3pts to the index’s move. As almost all large caps traded in the green, the VN-INDEX gradually climbed to its intraday high of 1,329.6pts (+1.2%). On the contrary, very few notable stocks lost ground today, including MSN (-2.4%), VIC (-0.7%), SAB (-0.9%), LGC (-1.8%), and DPM (-1.2%). At the end of session, the VN-INDEX increased 1.1% to 1,328.1pts and the HNX-INDEX also edged up 0.7% to 341.3pts. 

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