Vietnam Daily Market Recap Jun 18 – ETF Monitor

Market Commentary: VN-INDEX closed at its historical high

The VN-INDEX rose 1.3% to close at today’s intraday high of 1,377.8pts on the back of Consumer Staples and Financials large caps. After the opening bell, the VN-INDEX started today in a positive sentiment and stayed in the green throughout today’s session. The largest support came from the Financials sector, led by VCB with a 4.1% gain to reach VND108,500, alone contributing 4.4pts to the index’s gain. Other Consumer Staples and Financials market pillars also joined the rally, followed by MSN (+3.4%), TCB (+1.6%), CTG (+1.4%), and VNM (+1.2%), and strengthened the index rise. On the downside, selling pressure forced a few stocks to fall, including GAS (-1.3%), VRE (-1.1%), BVH (-1.6%) and LGC (-4.4%). At the end of the session, the VN-INDEX jumped 1.3% to close at its historical high of 1,377.8pts with 202 gainers and 117 losers. The HNX-INDEX also grew 0.5% to 318.7pts. Notably, foreign investors’ activities resulted in an inflow of VND598.7bn.

Read the full daily report: Daily Market Recap Jun 18 – ETF Monitor