Vietnam Daily Market Recap June 02, 2023

Market commentary: The VN-Index recorded a strong rise, back by Financial large caps

The VN-Index surged 12.5pts to 1,090.8pts in the last weekday session with the major support from the Financial sector. Following the positive sentiment in yesterday’s session, green hue quickly dominated the market with a 8.0pts gap up right after the opening bell. The uptrend momentum lingered for the rest of the morning before noon break. In the afternoon, although there was a time the index struggled, causing a minor gap down in the mid-session, the strong performance among Financial pillars helped the index to return to its growth trajectory toward the session end. Notably, the positive influence from the Financial sector supported VN-Index liquidity to record the highest value since the year start of VND18.3bn. TCB (+6.3%), VCB (+1.1%), MBB (+4.8%), BID (+1.8%), and CTG (+2.5%) became today’s market movers contributing the most for the index’s advance. In contrast, VNM (-0.3%), VJC (-0.7%), DIG (-1.6%), BMP (-3.2%) and VHC (-1.6%) were today’s top losers. At the end of the session, the VN-Index rose 1.2% to 1,090.8pts and the HNX-Index edged up 0.9% to 226.0pts.

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