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Vietnam Daily Market Recap Dec 07 – PVS

Daily Market Recap 07/12/2021    81

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Market Commentary: The VN-INDEX partly regained its recent loss 

The VN-INDEX rose 2.4% to close at 1,446.8pts supported by all market pillars. After the opening bell, the index started in the green territory and managed to stay in the green throughout morning session thanks to large caps’ advance. In the afternoon session, buying demand also emerged strongly and keep the market sentiment positively for whole today’s session. Notably, VCB from the Financial sector became the largest supporter, jumping 2.9% to VND98,200 and alone contributing 2.7pts to the index’s gain. Furthermore, some market pillars joined the rally and further strengthened the upward momentum, including GAS (+4.9%), HPG (+4.0%), VHM (+2.4%), and BID (+3.9%). On the downside, selling pressure forced very few stocks to fall, including IDI (-6.8%), TSC (-6.9%), STK (-2.3%), CRE (-1.3%), and SJF (-6.7%). However, their impact was minimal compared to the overall gain. At the end of the session, the VN-INDEX jumped 2.4% to settle at its intraday high of 1,446.8pts, and the HNX-INDEX also rose 2.4% to land at 446.4pts.

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