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Vietnam Daily Market Recap Jun 01, 2022 – NT2

Daily Market Recap 01/06/2022    34


Market commentary: the VN-INDEX struggled at the significant resistance level

The market divergence prompted VN-INDEX to experience considerable volatility throughout the session, resulting in a modest gain of 6.8pts to 1,299.5pts at session’s conclusion. The blue-chip S&P 500 stock index ended the month of May with a marginal 0.01 % gain, following weeks of tumultuous trading as questions about the trajectory of US inflation, growth and Federal Reserve policy, while, VN-INDEX opened cautiously with a gap of 3.1pts. The market displayed a distinct divergence most of the morning session. While equities, Oil & Gas, and Banking dominated the market, Securities, Materials, and Real Estate weighed down the Index. Around the reference level, the VN-Index varies with a small amplitude and a high frequency. During the afternoon session, the selling pressure abruptly rose across the majority of sectors, particularly those that already experiencing a decline. However, demand for bottom-fishing soon increased, focused on Oil & Gas, Fertilizer, Aquaculture, and Financial. Before the ATC session began, the market promptly rose, reclaimed the green hue, and climbed to a session high of 1,302.3pts. VCB (+2.0%), GAS (+2.8%), MSN (+2.3%), VHM (+1.0%), PGV (+5.8%), VIC (+0.6%) were the pillars of the market today. On the other hand, HPG (-1.0%), ACB (-1.4%), TCB (-0.8%), DIG (-3.2%), EIB (-2.1%), BID (-0.4%) had negative impact on the index. At the end of the session, the VN-INDEX increased slightly 0.5% to 1,299.5pts, while the HNX-INDEX decreased marginally 0.1% to 315.4pts.

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