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Vietnam Daily Market Recap Nov 02 – PLX & STK

Daily Market Recap 02/11/2021    117

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Market Commentary: VN-INDEX rose 0.9% to close at its all-time high

The VN-INDEX increased 13.5pts to 1,452.5pts after yesterday’s adjustment session with supported by all market pillars. Right after the opening bell, the VN-Index opened in the green, jumped 3pts above the reference level, and stayed in the green territory throughout today’s session. In the evening, the market kept going up and reached its intraday high at the end of the session, and officially set a new record of all-time high. Notably, GVR (+7.0%) became today’s largest contributor to close at VND42,100, alone adding 2.9pts to the index’s gain. Financials large caps also joined the rally, led by ACB (+1.4%), HDB (+1.2%), TPB (+0.9%) and VCB (+0.9%). On the other hand, NVL was today’s top laggard, lost 1.4% to land at VND108,100, erased 0.6pts from the market. Other top laggards included VNM (-0.9%), HPG (-0.4%), MWG (-0.8%) and VRE (-1.0%). However, these laggards were far surpassed by the bullish large caps. At the end of the session, the VN-INDEX closed at all-time high of 1,452.5pts (+0.9%), the HNX-INDEX also rose 2.6% to close at 424.1pts.

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