Vietnam Daily Market Recap – HPG & GMD & Textile

Market Commentary: The VN-INDEX ended in the red at its intraday low 

The VN-INDEX fell 0.4% to 1,353.1pts as selling pressure emerged on Financials and Consumer Staples sectors. After the opening bell, the index grew to the green yet quickly fell under the reference level and fluctuated throughout the morning session. However, the VN-INDEX managed to end the daybreak in the green with support from the Real Estate large caps, led by VHM (+0.9%), DIG (+6.4%) and BCM (+1.1%). On the other hand, the VN-INDEX slowly climbed down from its intraday high of 1,365.0pts (+0.5%) into the red as bearish Financials and Consumer Staples large caps fell under strong selling pressure. Notably, MSN became today’s top laggard, losing 1.9% to VND134,000, alone taking 0.8pts off the index’s move. Other Financials large caps also joined the sell-off, including VCB (-0.6%), ACB (-1.9%), STB (-2.6%) and BID (-0.7%). At the end of the session, the index closed at its intraday low of 1,353.1pts (-0.4%) with 185 movers and 183 losers. The HNX-INDEX ended nearly flat at 334.3pts, losing only 0.1pts.    

Read the full daily report: Daily Market Recap Aug 12 – HPG & GMD & Textile