Vietnam Daily Market Recap May 20, 2022 – VHC, NLG & ACV

Market commentary: The VN-INDEX went sideway despite the profit taking dominate late trading 

The VN-INDEX remained in the red territory, edging down modestly 0.1% to 1,240.7pts,  thanks to strong traction from several large-cap stocks and Real estate sector. After 3 consecutive recovery session, the VN-INDEX opened cautiously with a gap down of 0.9pts the moving around the reference level. Before the morning session ended, the buying demand emerged across many sectors, especially Real estate sector, pushing the VN-INDEX to its intraday high of 1253.0pts. However,  there were several drops in the afternoon session, the index still maintained to went sideway and ended down only 0.1%. GVR was today’s top movers by increasing 3.3% and alone adding 0.8pts for the index’s advance. Other large caps also joined the rally, including DIG (+6.3%), ACB (+1.6%), PNJ (+3.8%), MBB (+0.9%), DXG (+5.7%) and SHB (+2.1%). On the other hand, some market pillars suffered losses, including SAB (-3.9%), MSN (-2.4%), VCB (-0.9%), GAS (+1.2%), VNM (+1.3%). These laggards had wiped out most of the previous market’s gain. At the end of the session, the VN-INDEX inched down only 0.1% to close at 1,240.7pts and the HNX-INDEX edged down 0.3% to 307.0pts.

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