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Vietnam Daily Market Recap Nov 05 – PVT

Daily Market Recap 05/11/2021    105

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Market Commentary: The VN-INDEX rose to 1,456.5pts after stumbling in early trading sessions.

The VN-INDEX edged up 8.1pts to 1,456.5pts with strong support from the various sectors. Continuing the uptrend momentum in yesterday session, the index quickly moved to the green territory but then suddenly retreated to the reference level and edged down to the red territory. Financial large caps were the main factor for the index’s loss, led by VCB(-0.9%), BID (-0.9%), TCB (-0.6%), MBB (-0.9%), HDB (-1.3%) and VIB (-0.8%). However, after the dip, the index bounced back strongly in the late morning and then accelerated in the afternoon session with strong rises among several large caps. Notably,  GAS became today’s top contributor by increasing 4.5% and alone adding 2.7pts to the index’s advance. Other market pillars also joined the rally, including VNM (+0.9%), PLX (+2.3%), MWG (+1.6%), NVL (+1.0%), FPT (+1.7%), and HPG (+0.5%). The uptrend momentum remained until the close, helping the VN-INDEX to increase 0.6% to 1,456.5pts. The HNX-INDEX also rose 1.2% to 427.6pts in today’s session.

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