Vietnam Daily Market Recap Jul 01 – Vietnam Navigating 2H21

Market Commentary: The VN-INDEX returned to the green on the back of Materials and Financials large caps

The VN-INDEX edged up 0.6% to 1,417.1pts as investors sought to buy Financials and Materials market pillars. Shortly after the opening bell, the VN-INDEX entered the green territory and gradually plunged into the red, reaching today’s intraday low of 1,402.2pts (-0.4%) in the morning session as selling pressure emerged on Real Estate large caps, including VHM (-0.7%), VIC (-0.3%) and NVL (-0.8%). However, in the afternoon session, Financials and Materials market pillars rallied, led by VPB and HPG, rising 4.0% and 2.5% to VND70,400 and VND52,800, together contributing 3.4pts to the index’s rise. Other blue chips also closed up today, including GVR (+4.0%), MSN (+2.7%), GAS (+1.3%) and TCB (+1.1%), pushing the index to its intraday high of 1417.3pts (+0.6%). The VN-INDEX managed to close in the green territory, gaining 8.5pts to 1,417.1pts with 116 gainers and 191 losers. The HNX-INDEX also edged up 0.7% to 325.7pts. Foreign investors continued to net sell with a total value of VND245.4bn.

Read the full daily report: Daily Market Recap Jul 01 – Vietnam Navigating 2H21