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Vietnam Daily Market Recap Nov 01 – TCB

Daily Market Recap 01/11/2021    133

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Market Commentary: VN-INDEX dropped 0.4% after reached the highest point in history 

The VN-INDEX plunged 5.3pts in Monday’s session as profit taking activities dominated late trading. Following the uptrend from last week, Vietnam’s main stock index opened in positive sentiment as almost all large caps started trading in the green. The index quickly rose to its intraday high of 1,451.8pts (+0.5%) – the highest point in history with largest support from CTG. The stock rose 2.2% to VND32,200 and contributed 0.9pts to the index’s gain. Other large caps catching up with the advance included DIG (+6.9%), VCI (+6.1%), BID (+0.7%), and SHB (+2.0%). However, profit taking activities emerged in late trading and pushed the index down to its intraday low of 1,435.6pts (-0.6%) with market pillars’ falling namely MSN (-3.6%), HPG (-2.5%), GAS (-2.6%), VHM (-1.4%), and VCB (-1.0%). Besides, foreign investors came back to net sale with a total value of VND1,311.8bn after three consecutive net buy sessions and they mainly focused on HPG, NLG, and SSI. At the end of the session, the VN-INDEX dropped 0.4% to 1,439.0pts while the HNX-INDEX surged 0.8% to 415.5pts. 

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