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Vietnam Daily Market Recap Nov 04 – NLG & FPT

Daily Market Recap 04/11/2021    93

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Market Commentary: The VN-INDEX fluctuated around the reference point, edging up 0.3% to end at 1,448.4pts

The VN-INDEX slightly rose 0.3% to 1,448.4pts on the back of large caps from the Financials sector. After the opening bell, the VN-INDEX started in the green but quickly fell to its intraday low of 1,435.8pts due to the selling pressure from the Real Estate sector. However, in the late morning and afternoon session, VN-INDEX once again went back into the green territory due to the recovery of buying demand from some Real Estate stocks and rose to its intraday high of 1,452.0pts. The index fluctuated around the reference point throughout the day and managed to end in the green, thanks to the support from some Financials market pillars, including BID (+2.2%), SHB (+6.5%), VND (6.9%) and VCI (+5.1%), together adding 2.8pts to the index’s gain. Other large caps also joined the rally, including HPG (+1.3%), MSN (+1.7%), and GVR (+1.7%). On the downside, selling pressure emerged on several market pillars, including GAS (-2.4%), CTG (-1.2%) and NVL (-1.1%). At the end of the session, the VN-INDEX closed up 0.3% to end at 1,448.4pts. The HNX-INDEX also jumped 1.6% to 422.4pts. 

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