Vietnam Daily Market Recap Dec 02 – MWG
Daily Market Recap 02/12/2021 219
Market Commentary: The VN-INDEX fell 0.2% as profit taking dominated late trading.
The VN-INDEX closed 3.1pts down in today’s session as selling pressure against various large caps. After the opening bell, optimistic sentiment pulled the index to increase quickly and stayed in the green territory throughout the morning session. Notably, VIC was the top mover of today, rising 1.1% to VND107,200, alone contributing 1.2pts to the market. The stock was followed by MSN (+1.4%), SAB (+1.6%), PLX (+2.2%), and DIG (+4.4%), thus keeping the index in the green for the whole morning session. The VN-INDEX gradually rose to its intraday high of 1493.8pts (+1.0%) in the middle of the afternoon session. However, as the afternoon session was nearing its end, profit-taking activities emerged and overwhelmed other large caps, pushing the VN-INDEX down to its intraday low of 1482.1pts. Notably, VPB became the largest laggard after dropping 2.4% to VND37,000, alone wiping 1.0pts off the index. Other market pillars also lost ground, including VHM (-0.7%), TCB (-1.3%), HPG (-0.8%), and BCM (-2.9%). At the end of the session, the VN-INDEX fell 0.2% to close at 1,482.0pts, while the HNX-INDEX rose 0.5% to land at 458.2pts.
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