Vietnam Daily Market Recap Nov 08 – Economic Update

Market Commentary: The VN-INDEX rose to 1,467.6pts after sharply declining in the afternoon session.

The VN-INDEX edged up 11.1pts to 1,467.6pts with strong support from Consumer Staples. After the opening bell, continuing the uptrend momentum on Friday’s session, the index quickly moved to the green territory and stayed there in the morning session. In the afternoon session, the index reached its intraday high, then sharply decreased near to reference level and bounced back strongly in the late afternoon session. Brokerage large caps were the top sector mover, led by SSI (+3.6%), HCM (+4.5%), VND (+5.1%). Notably, MSN became today’s top contributor by increasing 2.8% and alone adding 1.3pts to the index’s advance. Other market pillars also joined the rally, including VNM (+1.8%), VCB (+0.7%), GVR (+1.5%), BCM (3.7%). The bounced back helped the VN-INDEX to increase 0.8% to 1,467.6pts. The HNX-INDEX also rose 1.0% to 432.1pts in today’s session.

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