Vietnam Daily Market Recap Jun 29

Market Commentary: The VN-INDEX rose 0.3% to cement upward momentum 

The VN-INDEX continued its streak gain by rising 4.2pts today as investors sought to buy Real Estate and Consumer Staples large caps. After the opening bell, the index started in the green territory and managed to stay in the green throughout today’s session thanks to large caps’ advance. Notably, VHM was the biggest supporter, rising 2.7% to close at VND118,600 and alone adding 2.8pts to the index’s gain. Other Real Estate large caps joined the rally, including VIC (+1.1%) and NVL (+0.8%). Market pillars from Consumer Staples and other sectors also joined the rally and pushed the VN-INDEX to its intraday high of 1,416.3pts (+0.7%), led by VNM (+2.0%), VCB (+1.2%), VJC (+3.9%), FPT (+3.4%), and STB (+2.6%). On the downside, top laggards today included GAS (-2.1%), VPB (-1.6%), HPG (-1.2%), GVR (-1.7%), and CTG (-0.9%). At the end of the session, as most large caps traded in the green, the VN-INDEX surged 0.3% to 1,410.0pts and the HNX-INDEX also increased 0.2% to 323.8pts. 

Read the full report here: Daily Market Recap Jun 29