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Vietnam Daily Market Recap Dec 21

Daily Market Recap 21/12/2021    101


Market Commentary: the VN-INDEX gained 0.1% to close at 1,478.7pts

The VN-INDEX went side-way, increased 1.4pts in today’s session with strong support from Real-estate. After the opening bell, the negative sentiment remained, following yesterday’s session, causing the index to open in red territory. The tug-of-war between buyers and sellers kept the index fluctuating around reference level in the early morning session. The strong demand from buyers caused the index to accelerate quickly, reaching its peak of 1,486.1pts in the early afternoon session. Real estate was the important sector that contributed to the market gain, including VHM (+3.0%), NLG (+4.3%), DIG (+6.9%). Notably, VHM jumped from VND83,500 to VND86,000, alone contributing the most points to the index, which was 2.8pts. Other markets pillars also join the rally were MSN (+2.8%), DIG (+6.9%), NVL (+1.1%), and KBC (+4.3%). On the contrary, the top laggards were GAS, HPG (-1.7%), VIC (-0.9%), BID (-1.8%), and VCB (-0.6%). These market pillars erased the most points away from the index, joined with other laggards, creating selling pressure that pushed the index from peak to near reference level. At the end of the session, the VN-INDEX gained 0.1% to 1,478.7pts, and the HNX-INDEX also increased 0.1% to 455.0pts.

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