Vietnam Daily Market Recap Feb 22, 2023

Market commentary: The VN-Index had a washout session

The VN-Index dropped by 28.0 pts to 1,054.3 pts, the biggest fall since the beginning of Feb-23, as investors increased selling pressure across all sectors. Following yesterday’s negative information about NVL’s bond default, the VN-INDEX kicked off the morning session with a gap down. VN-Index gradually decreased further as many stocks in Real estate sector slumped, suck as NVL (-6.6%), DXG (-6.8%), PDR (-6.0%), and NLG (-6.6%). In the afternoon session, selling pressure spread out and made all sectors lose ground. VHM became the largest laggard, declining 5.8% to VND42,600, followed by other large-cap stocks, including BID (-2.7%), VCB (-1.3%), VIC (-2.4%), and CTG (-3.2%). On the other side, TMP (+3.7%), HQC (+6.8%), STG (+2.7%), SII (+6.7%), and BWE (+0.8%) were today’s top movers, creating no impact on the index compared to today’s top laggards. At the end of the session, the VN-Index slumped by 2.6% to 1,054.3, and the HNX-Index also edged down by 1.9% to 210.0 pts.

Read the full report: HERE