Vietnam Daily Market Recap Jul 02

Market Commentary: The VN-INDEX maintains the upward momentum by rising 0.2%  

The VN-INDEX maintained the positive sentiment to gain 3.2pts, supported by many large caps. After the opening bell, the VN-INDEX began the session in the green and gradually rose to its intraday high of 1,424.3pts (+0.5%). Notably, GAS from the Oil & Gas sector became the largest supporter, jumping 2.6% to VND96,600 and alone contributing 1.2pts to the index’s gain. Market pillars from the Financials and other sectors also joined the rally, including VPB (+2.4%), TCB (+1.9%), MWG (+3.8%), and VHM (+0.7%). In the afternoon session, the VN-INDEX fall to its intraday low of 1,415.8pts (-0.1%) as selling pressure targeted VCB (-1.3%), VIC (-0.9%), HPG (-1.0%), VNM (-0.9%), and NVL (-0.8%). However, as most large caps traded in the green, the VN-INDEX quickly recovered and rose 0.2% to  close at 1,420.3pts at the end of the session. The HNX-INDEX also surged 0.7% to 328.0pts. In addition, foreign investors also had a very positive trade with a net bought value of VND1,923.8bn and mainly focused on VPB, CTG, and VIC. 

Read the full daily report: Daily Market Recap Jul 02