Vietnam Daily Market Recap Mar 29, 2023

Market commentary: VN-Index decreased moderately, yet closed above the reference level

The VN-index showed a bearish trend in the whole session before edging up by 2.0pts to end at 1,056.3 pts near the end. After the opening bell, the VN-Index moved downward as the pessimistic sentiment hovered over the market. The decline of large-cap Real estate stocks made the index retreat to its intraday low of 1,048.3pts right before the close of the morning session. After the break, the VN-Index rebounded and climbed near the reference level, supported by the rise of Securities stocks. Some securities companies announced a promising 2023 business plan, fueling the increase of Securities stocks like BSI (+7.0%), FTS (+6.8%), and CTS (+3.9%). Besides, the rebound in the Financial and Real estate sector pushed the VN-Index to end in the green hue. VCB (+0.5%) was the biggest supporter today, adding 2.8pts to the index’s advance. Other movers included MSN (+1.6%), TCB (+1.6%), MBB (+1.7%), and VNM (+0.7%). On the contrary, GAS (-0.9%), VPB (-0.5%), MWG (-1.2%), SAB (-0.3%), and VCF (-5.7%) were some of the laggards, eroding 1.2pts of the index. At the end of the session, the VN-index inched up by 0.2% to 1,056.3pts, while the HNX-Index lost 0.1% and ended at 205.6pts.

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