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Vietnam Daily Market Recap Jun 21

Daily Market Recap 21/06/2021    149

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Market Commentary: VN-INDEX cooled down from yesterday’s historical high

The VN-INDEX edged down 0.4% to 1,372.6pts as profit-taking activities emerged on Financials large caps. The VN-INDEX opened in a bearish sentiment and fluctuated around its reference level with a few large caps support, including NVL (+5.8%), PLX (+3.7%), MSN (+2.1%), and MWG (+3.4%). The index was under strong selling pressure in the afternoon as several key stocks fell under strong selling. Notably, large caps from the Financials sector became today’s top laggards, led by VCB, losing 1.8% to VND106,600, followed by BID (-2.5%), CTG (-1.8%), and TCB (-1.2%), together with taking 4.7pts off the index’s move. Other market pillars also joined the sell-off, including VNM (-1.6%), HPG (-1.7%), and VHM (-0.4), thus pushing the VN-INDEX to its intraday low of 1,367.9 (-0.7%). At the end of the session, the VN-INDEX maintained the bearish sentiment, falling 0.4% to 1,372.6pts with 156 gainers and 180 losers. The HNX-INDEX also dropped 0.8% to 316.2pts.   

Read the full daily report: Daily Market Recap Jun 21

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