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Vietnam Daily Market Recap Jul 20

Daily Market Recap 21/07/2021    138

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Market Commentary: The VN-INDEX rose strongly in the last minutes

The VN-INDEX closed in the green today by gaining 29.8pts on the back of Financials sector. The U.S market had a disappointing session, falling 2.1% the previous night as concerns grew about the spread of the delta variant of the Covid-19 and tensions ratcheted up between the U.S and China. In Vietnam, following the global sell-off, the VN-INDEX opened in a pessimistic manner and gradually fell to its intraday low of 1,226.0pts (-1.4%). Top laggards today included BCM (-1.5%), APH (-5.6%), KDH (-1.1%), VRE (-0.4%), and PSH (-6.9%). However, the market quickly covered in the afternoon session as stocks from the Financials sector rallied, led by VCB (+3.3%), BID (+3.4%), TCB (+3.1%), ACB (+1.8%). Other large caps including HPG (+6.8%), VHM (+2.2%), GVR (+5.5%) also joined the advance to strengthen the momentum. These market pillars countered the fall in the morning session, lifting the market by 14.7pts. At the end of the session, the VN-INDEX rose 2.4% to its intraday high of 1,273.3pts and the HNX-INDEX also jumped 3.1% to 301.1pts

Read the full daily report: Daily Market Recap Jul 20

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