Vietnam Daily Market Recap Feb 21, 2023 – MWG

Market commentary: The VN-INDEX retreated under the reference level in late trading

The VN-INDEX decreased 4.5pts to 1,082.2pts under the profit-taking pressure in the Banking sector. Right after the opening bell, the VN-INDEX gradually climbed to its intraday peak of 1089.7pts. In the morning session, the rise of Real Estate stocks like HQC and DXG lent some support to the index, while the decrease in Banking stocks eroded the uptrend momentum of the VN-INDEX. Consequently, the VN-INDEX closed under the reference level at the end of the morning session. After the noon break, bearish Financial large caps of VPB, BID, and CTG fell under strong selling pressure. Other large caps in the Material sector like NKG, HSG, and HT1 shrank in the red hue. BID (-2.0%) was the major market laggard as it took away 1,2pts from the index. Other laggards included VPB (-2.7%), CTG (-2.0%), HPG (-1.4%), and MBB (-1.6%). In contrast, the top market movers were VCB (+0.4%), PLX (+3.0%), EIB (+5.5%), PGV (+4.0%), and NVL (+3.2%). At the end of the session, the VN-INDEX lost 0.4% to 1,082.2pts, and the HNX-INDEX declined by 0.8% to 214.1pts.

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