Vietnam Daily Market Recap June 07, 2023 – Money market chartbook

Market commentary: The VN-Index fluctuated around the reference level

The VN-Index closed 1.2pts up to 1,109.5pts on the back of buying demand in the afternoon session. The VN-Index inched up after the opening bell and traded above the reference point for the majority of the morning session before selling pressure emerged gradually, pushing the index to dip below the reference point. In the afternoon session, after the first unsuccessful recovery attempt, the market quickly witnessed a strong buying demand with explosive liquidity, which made the index recover to its reference level and stay in green territory till the end of the session. Basic stocks were today’s main drivers of the index’s advance, including HPG (+3.9%), HSG (+4.4%), and NKG (+1.8%). HPG also became today’s major traction, alone adding 1.2pts for the index, followed by other blues chips, including MSN (+2.6%), NVL (+7.0%), BCM (+2.2%), and VHM (+0.6%). On the other hand, VCB became the top laggard, decreasing 2.0% to VND97,000 and alone taking away 2.4pts from the index, followed by other large-caps, including BID (-1.0%), VIC (-0.8%), GAS (-0.6%), and GVR (-1.1%). At the end of the session, the VN-Index increased by 0.1% to 1,109.5pts, while HNX-Index inched up 0.7% to 230.3pts.

Read the full report: HERE