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Vietnam Daily Market Recap Dec 17

Daily Market Recap 17/12/2021    74

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Market Commentary: The VN-INDEX rose 0.2% to stay in the green throughout the session 

The VN-INDEX gained 3.2pts today thanks to large support from Vingroup’s stocks. After the opening bell, the index started optimistically and stayed in the green territory for the whole session as almost all large caps enjoyed an upward trend. Notably, the Vingroup related stocks showed the largest support to the index today with VHM (+2.7%), VIC (+2.0%), and VRE (+2.3%), contributing a combined 4.9pts to the index’s advance. Other large caps also joined the rally, led by CTG (+1.4%), DIG (+4.4%), GVR (+1.1%), SSI (+3.1%), and VCG (+6.9%). Thus, the VN-INDEX was pushed up to its intraday high of 1,487.7pts (+0.7%). On the contrary, top laggards today included VCB (-2.6%), HPG (-1.7%), MSN (-1.6%), VNM (-1.0%), and PDR (-2.3%). Besides, foreign investors continued to net sell today with a total value of VND728.7bn and mainly focused on VPB, VCB, and HPG. At the end of the session, the VN-INDEX closed in the green at 1,479.8pts (+0.2%) while the HNX-INDEX plunged 0.2% to 456.2pts.

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