Vietnam Daily Market Recap Nov 15 – VIB

Market Commentary: The VN-INDEX rose 0.2% despite selling pressure in late trading

The VN-INDEX began the week in positive sentiment by gaining 3.2pts, supported by many large caps. Continuing the uptrend momentum last week, the VN-INDEX started Monday’s session optimistically and quickly rose to its intraday high of 1,482pts (+0.6%) right after the opening bell. VHM was the biggest supporter which increased 2.4% to  VND84,000 and alone added 2.3pts to the index’s advance. Other market pillars also joined the rally, led by MSN (+2.9%), MWG (+2.5%), GEX (+6.9%), and POW (+7.0%), keeping the index to stay in the green territory for the whole morning session. In the afternoon session, the VN-INDEX suddenly tumbled to the red as selling pressure emerged and forced many large caps to fall. Top laggards today included HPG (-1.8%), GVR (-2.2%), NVL (-2.3%), VPB (-1.6%), and VCB (-0.5%). However, the index quickly recovered and managed to close in the green 1,476.6pts (+0.2%). Meanwhile, the HNX-INDEX also surged 0.6% to 444.3pts.

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