Vietnam Daily Market Recap Jun 24

Market Commentary: The VN-INDEX fluctuated throughout the trading session

The VN-INDEX gained 0.2% to end at 1,379.7pts with support from major market pillars. Vietnam’s main stocks index optimistically began today’s session as most large caps started trading in the green. GVR emerged to be today’s leading stock, rising 3.9% to VND34,800 and alone adding 1.4pts to the index’s advance. Real Estate’s stock also stayed behind the rally with NVL (+2.7%), VHM (+0.7%), VIC (+%), and VRE (+%) and contributed 2.4pts to the index’s move. However, selling pressure emerged before daybreak and targeted HPG (-1.6%), VNM (-1.4%), STB (-2.5%), VPB (-0.6%), and BID (-0.4%). Thus, the index was pushed down to its intraday low of 1,372.9pts (-0.3%). Fortunately, the index fluctuated at the reference point throughout the afternoon session and managed to end in the green at 1,379.7pts (+0.2%). Meanwhile the HNX-INDEX plunged 0.2% to 315.1pts. In addition, the Foreign investors also had positive trade and net bought the two consecutive sessions of VND174.7bn. 

Read the full daily market report: Daily Market Recap Jun 24