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Vietnam Daily Market Recap Jul 21

Daily Market Recap 21/07/2021    142

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Market Commentary:VN-INDEX inched down 2.5pts after yesterday’s strong recovery

The VN-INDEX lost 2.5pts to close in the red in Wednesday’s session as Financials large caps lost ground. Following yesterday’s positive sentiment, Vietnam’s main stock index opened optimistically and took strong support from Real Estates’ large caps to stay in the green territory for the whole morning session. Vingroup’s stocks stood behind the index’s 4.0pts climb today with VHM (+1.3%), VIC (+1.0%), and VRE (+2.6%). Other large caps also joined the rally to push the index to its intraday high of 1,283.9pts (+0.8%), led by TCB (+1.6%), SAB (+1.2%), PLX (+1.3%), HVN (+2.0%). However, selling pressure targeting the Financials sector emerged in late trading and pushed the index down to the red territory. VCB was the largest laggard, dropping 1.2% to VND99,000, followed by GAS (-1.8%), HPG (-1.2%), GVR (-2.0%), and HDB (-3.6%), thus erasing all the index’s gain and pulling it further down. At the end of the session, the VN-INDEX fell 0.2% to 1,270.8pts and the HNX-INDEX also plunged 0.1% to 300.8pts.  

Read the full daily report: Daily Market Recap Jul 21

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