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Vietnam Daily Market Recap Jul 05

Daily Market Recap 05/07/2021    106

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Market Commentary: The VN-INDEX plunged 0.6% on the first day of the upgraded system

The VN-INDEX lost 9.1pts to 1,411.1pts as selling pressure emerged on the Energy and Real Estate sectors large caps. After the opening bell, the market faced selling pressure and stayed in the red territory throughout today’s session. Notably, GAS became today’s largest laggard, losing 4.8% to VND92,000, alone taking 2.4pts off the index’s move. Other Real Estate market pillars also joined the sell-off, including VIC (-2.1%), VRE (-6.9%), and NVL (-3.4%), thus pushing Vietnam’s main index to its intraday low of 1,394.1pts (-1.8%) in the afternoon session. On the other hand, the Financials large caps continued to become today’s movers, led by TCB (+6.8%), ACB (+5.1%), STB (+3.5%) and TPB (+4.1%). At the end of the session, the VN-INDEX closed in the red territory of 1,411.1pts, falling 0.6% with 91 movers and 249 losers. The HNX-INDEX also edged down 0.1% to 327.8pts. Foreign investors’ net sold value recorded VND111.6bn and mainly focused on CTG, HPG and NVL.

Read the full daily report: Daily Market Recap Jul 05

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