Vietnam Daily Market Recap Jun 03, 2022 – KDH & Banking Sector

Market commentary: VN-Index fluctuated throughout the session and closed in the red
The VN-INDEX remained in the red territory, edging down modestly 0.1% to 1,279pts in the last session in the week. The VN-INDEX opened Friday’s session in a cautious sentiment and gradually fell below the reference level. Although there was a slight recovery from large-cap stocks, this was not enough to pull the market up. Selling pressure dominated from the beginning of the afternoon session, causing the VN-Index to dip below 1,280 points. In the large-cap group, VN30 recorded twice as many losers than gainers. The top 3 stocks that supported the VN-Index gaining the most were GAS (+4.5%), MWG (+3.7%) and FPT (+2.2%). Especially, Seafood group VHC (+3.6%), ANV (+6.7%), and ACL (+1.9%) consensus gained well in the upstream common market today. On the other side, large-cap put the VN-INDEX in a tug-of-war including NVL (-1.8%), GVR (-3.1%), and MSN (-1.3%). Unable to dislodge the downtrend, Banking and Real estate groups were in the red including VCB (-1.9%), EIB (-1.4%), STB (-1.9%), CTG (-1.3%), BID (-1.0%). At the end of the session, the VN-INDEX slightly declined 0.1% to 1,279pts and the HNX-INDEX also decreased 0.4% to 310.5pts.

Read the full report: HERE