Vietnam Daily Market Recap Mar 30, 2023 – ETF Monitor

Market commentary: The VN-Index showed signs of hesitation after gaining streak

The market was optimistic in the opening, profit-taking in the afternoon session caused the VN-Index to only increase by 3.1pts, to 1,059.4pts. As investors’ sentiment improved following the release of GDP data yesterday, the market continued to attract capital, particularly in the Securities and Construction sectors. The market attained a high level of consensus and a session high of 1,066.2pts around noon. When compared to the optimistic tone of the morning session, the afternoon session was less fruitful. The emerged selling pressures targeted stocks with high trading volume. However, they are not significant enough to send the main index into the red. HOSE liquidity has recovered, but foreign investors have had a second net selling day. Blue-chips such as VHM (+3.2%), VCB (+0.4%), HDB (+3.3%), VRE (+4.0%), STB (+2.6%) and PLX (+2.5%) were contributors to the index. Meanwhile, TCB (-2.4%), GAS (-1.2%), SHB (-2.0%), HVN (-1.2%) and DGW (-1.3%) were the stocks that put pressure on the index. At the end of the session, the VN-INDEX increased slightly by 0.3% to 1,059.4pts, while the HNX-INDEX rose marginally by 0.2% to 206.0pts.

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