Vietnam Daily Market Recap Mar 16

Market commentary: The VN-Index sank as all sectors slumped

The VN-INDEX dropped 14.8pts to 1,047.4pts, the biggest fall in three weeks, due to a slump in prices of large caps stock. Following yesterday’s explosive trading session, VN-INDEX kicked off the morning session with a big gap down and gradually sank further to the red hue. In the afternoon, selling pressure spread out to all sectors, pushing the index down to its intraday low of 1,043.7pts. VHM became the largest laggard, sinking 3.3% to VND44,500, followed by other large caps, including GAS (-2.2%), BID (-1.2%), VIC (-1.3%) and CTG (-1.9%). On the contrary, VRE (+1.6%), SAB (+0.8%), VPD (+6.3%), DIG (+2.1%), and HRC (+6.2%) were today’s movers, but could not stop the selling force. At the end of the session, the VN-INDEX slumped by 1.4% to 1,047.4pts, and the HNX-INDEX also edged down 1.4% to 204.2pts.

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