Vietnam Daily Market Recap Dec 28 – ETFs

Market Commentary: The VN-INDEX rose 0.4% on the back of Financial large caps

The VN-INDEX gained 5.5pts in Tuesday’s session as investors sought to buy Financials large caps. Vietnam’s main stock market opened in positive sentiment today following an 11.9pts rise in Monday’s session. In the late morning session, strong buying demand pulled the index to reach its peak of 1,499.8pts. However, the market reacted once the news of the Omicron variant of Covid-19 was confirmed, creating anxiety and pushing the index down from its peak to below reference level. The buying demand remained strong and kept the index closing in the green territory. Notably, GAS (+2.3%) was the top leader, contributing 1.1pts to the market gain. Other large caps also joined the rally, including STB (+6.9%), HDB (+6.1%), MSN (+1.5%), and EIB (+6.4%). On the contrary, few stocks lost ground today, led by GVR (-1.9%), NVL (-2.2%), VIC (-0.6%), VNM (-0.7%), and VRE (-1.6%). At the end of the session, the VN-INDEX surged 0.4% to 1,494.4pts and the HNX-INDEX also rose 1.9% to 458.1pts.  

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