Vietnam Daily Market Recap Dec 15

Market Commentary: The VN-INDEX went sideways and closed at 1,475.5pts in today’s session

The VN_INDEX went sideways to close at 1,475.5pts due to the divergence among various large caps. The market started its morning session with cautious sentiment and fluctuated around the reference level right after the opening bell. However, strong buy action suddenly emerged right before the noon break, pushing the index to its intraday high of 1,481.3pts (+0.3%). Several large caps contributed to the index’s advance including MSN (+2.7%), NVL (+1.7%), VCB (+0.6%), and TPB (+3.0%). However, the uptrend then decelerated as strong selling pressure spread over the market  in the afternoon session, pulling the index to touch its intraday low of 1,469.1pts (-0.4%). VIC became today’s top loser by dropping 2.4% and alone erasing 2.5pts from the index. Other large caps also joined the downtrend, including BID (-0.9%), GVR (-1.0%), VPB (-1.0%), POW (-3.0%) and GAS (-0.5%). At the end of the session, another pull up helped the VN-INDEX to retreat back to the reference level, and only inched down 0.04% to 1,475.5pts. The HNX-INDEX also dropped 0.2% to close at 453.7pts in today’s session.

Read the full report: HERE