Vietnam Daily Market Recap June 06, 2023

Market commentary: VN-Index advanced 1.0% as Finance and Property stocks lead the rally

The VN-Index surged 10.5 pts, closing at its intraday high of 1,108.3 pts thanks to the significant support of buying demand. The VN-Index inched up after the opening bell, and trading moderately fluctuated above the reference point during morning session. In the afternoon session, after slight selling pressure emerged in the early session, the market witnessed a strong buy demand and gradually increase till the late trading day before closing at its intraday high of 1,108.3 pts. Banking stocks were the main drivers of the index’s advance today, including VCB (+1.0%), MBB (+3.3%), and TCB (+2.5%). Meanwhile, VHM (+2.4%) was the major traction alone, adding 1.4 pts to the index, followed by other stocks, including VIC (+2.1%), GAS (+1.2%), GVR (+2.2%), and SSI (+4.4%). On the other hand, MSN (-0.7%), TPB (-1.2%), LGC (-3.3%), POW (-1.1%) and PNJ (-1.2%) were today’s top laggards, preventing the index from growing further. At the end of the session, the VN-Index increased by 1.0% to 1,108.3 pts, while HNX-Index also rose by 1.0% to 288.7 pts.

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