Vietnam Daily Market Recap Nov 12 – VCB

The VN-INDEX gained 11.0pts to 1,473.4pts thanks to strong recovery among various large caps in late trading sessions. Continuing the downtrend momentum in the last session, the index stumbled around the reference level after the opening bell, and started to drop to the red territory right before noon break. Several large caps’ poor performance were the factors for the index’s loss, led by GVR (-1.2%), GAS (-0.8%), VIC (-0.3%), VNM (-0.3%), and VRE (-0.7%). Moreover, the downtrend then accelerated in the afternoon session, pulling the index to touch its intraday low of 1.452.8pts (-0.6%). However, the market suddenly bounced back with strong support from Financial large caps, including CTG (+2.3%), TCB (+1.9%), ACB (+1.1%), BID (+0.9%), and MBB (+1.6%). Other large caps also joined the rally, named by MSN (+1.8%), HPG (+1.1%), VHM (+0.6%), and FPT (+2.1%). At the end of the session, the VN-INDEX rose 0.8% to 1,473.4pts and the HNX-INDEX also increased 0.7% to close at 441.8pts in today’s session. 

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