Vietnam Daily Market Recap Jul 22 – FPT
Daily Market Recap 22/07/2021 181
Market Commentary: The VN-INDEX rose 1.8% despite early trading sell-off
The VN-INDEX gained 22.9pts as investors sought to buy Real Estate’s large caps. After the opening bell, the market faced selling pressure against SAB (-0.3%), SVC (-7.0%), HPX (-1.6%), PGD (-3.4%), and IMP (-1.8%), thus pushing the VN-INDEX down to its intraday low of 1,266.6pts (-0.3%). However, large caps from the Real Estate sector lent some support, pulling the index to the green territory. Notably, VHM and VIC were the biggest supporters, rising 2.8% and 2.1%, respectively and their gain added a combined of 4.7pts to the index’s move. Other large caps also joined the rally and strengthened the advance, led by GVR (+4.3%), VCB (+1.3%), and GAS (+2.3%). In addition, foreign investors had a disappointing trading day with a total net sold value of VND497.1bn and mainly focused on VIC, KDH, and MSB. At the end of the session, the VN-INDEX closed in the green at 1,293.8pts (+1.8%) and the HNX-INDEX also rose 1.7% to land at 306.0pts.
Read the full daily report: Daily Market Recap Jul 22