Vietnam Daily Market Recap Feb 17, 2023

Market commentary: VN-Index fluctuated throughout the day, closed at green hue thanks to late trading effort

The cautious sentiment lingered with significant low liquidity, VN-Index moved around the reference level within a narrow range, inched up 0.1% to 1,059.3pts. Investor hesitation continued to be the main theme, VN-Index shifted into red hue with a light gap down of 2.0pts right after the opening bell. After that, the cautious sentiment continued to cover the whole market, causing the index to struggle between green and red hue for the whole session. Financial sector became today’s major traction with several large caps recorded a solid gain, including BID (+1.8%), VCB (+0.6%), VIB (+2.9%), EIB (+4.7%) and STB (+2.1%). Other large caps also joined the rally, named by VHM (+1.8%), PGV (+2.4%) and VIC (+0.2%). On the other hand, some of the market pillars lost ground today, led by MSN (-1.7%), HPG (-1.4%), SAB (-1.4%), VPB (-1.1%) and GAS (-0.6%). Notably, foreign activities recorded the third consecutive net sell days of VND3.2bn while market liquidity stayed at a significant low level of VND7,692bn. At the end of the session, the VN-Index inched up 1.0pts to 1,059.3pts, HNX-Index decreased 0.9pts to 209.9pts.

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