Vietnam Daily Market Recap Mar 31, 2023 – Food commodities & Market strategy April 2023

Market commentary: The uptrend lingered, VN-Index set a nine consecutive gaining session

VN-Index ended the last trading session of 1Q23 in green hue, edging up 5.2pts to 1,064.6pts and marked the solid gaining streak of nine days. The highly market divergence sentiment continued to be the main theme, VN-Index opened with a slight gap up of 5.0pts and then moved within a narrow range for the whole morning session. The Vingroup’ trilogy performed impressively in early sessions, becoming the main traction for the market in the morning before its positive sentiment spread to most of the pillar sector, including Real estate and Financial. Particularly, several Property large caps recorded a strong gain such as NLG, KBC. On the other hand, although not as influential as in previous sessions, most of the large caps still retained their green hue. Toward the end of the session, selling pressure emerged, targeting several market pillars. However, the late cash flow from foreign investors brought the index back to its intraday high as soon as it retreated back to reference level. VHM (+3.9%), VIC (+2.4%), GVR (+5.4%), TCB (+2.3%), HDB (+2.9%) became today’s top movers for the index’ advance. On the other hand, VCB (-1.4%), MSN (-1.8%), VNM (-0.8%), VRE (-1.2%) and GAS (-0.4%) were today’s top laggards. At the end of the session, the VN-Index edged up 0.5% to 1,064.6pts and the HNX-Index increased 0.7% to 207.5pts.

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