Vietnam Daily Market Recap Aug 31, 2022 – ETF Monitor

Market commentary: The VN-INDEX was fluctuating around the reference point, edging up 0.1% to end at 1,280.5pts

After the opening bell, the indexes were shaken due to a significant divergence in pillar stocks. Investor sentiment was somewhat cautious as a large number of stocks returned to investor accounts on Monday (August 29) this afternoon. The index was pulled down to an intraday low of 1275.7 by high selling pressure from stocks such as GVR, VJC, GAS, VPB, CTG… GVR dropped by 1.75%, VJC dropped by 0.9%, and VPB dropped by 0.3%. Oil and gas stocks have taken a significant hit. On the other hand, tickers such as BVH, VHM, and MSN… gained and helped support the market. VN-INDEX finished at 1281.3 points, reflecting the recovery of steel and energy stocks. From the start of the afternoon session, profit-taking activities emerged and pushed many stocks to correct and price. However, bullish investors rallied and helped the VN-INDEX to reach an intraday high of 1284.8pts. Top stocks contributing the most were VHM (+1.8%), VPB (+1.4%), MSN (+0.8%), BCM (+1.2%), MWG (+1.0%) and BID. Meanwhile, top laggards were VCB (-2.3%), GAS (-1.5%), VRE (-2.5%), GVR (-1.1%), and VNM (-0.7%). The VN-INDEX ended in the green at 1,280.5pts (+0.1%), while the HNX-INDEX edged down 0.7% at 291.9pts.

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