Vietnam Daily Market Recap Dec 10 – Navigating 2022

Market Commentary: The VN-INDEX lost ground in the afternoon session

The VN-INDEX dropped 4.4pts to 1,463.5pts in today’s session due to sudden selling pressure in the afternoon. Continuing the uptrend momentum from the previous sessions, the market started in green right after the opening bell and quickly reached its intraday high of 1,475.6pts (+0.5%). The positive sentiment was then maintained until noon break with strong support from several Financial large caps, including VCB (+0.8%), BID (+1.4%), TPB (+1.6%), VPB (+0.6%), and  ACB (+0.3%). However, a strong selling pressure suddenly emerged right after noon break, sinking the index to red territory and touched its intraday low of 1,462.45pts (-0.3%). VIC became today’s top loser by losing 3.6% and alone erasing 3.8pts from the index. Other large caps were also the main factor for the index’s loss, including GAS (-2.1%), VHM (-0.9%), NVL (-1.7%), HPG (-1.3%), VNM (-0.8%) FPT (-1.2%) and PLX (-1.5%). At the end of the session, the VN-INDEX edged down 0.3% to 1,463.4pts and the HNX-INDEX also lost 0.4% to close at 450.7pts in the last weekday session.

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