Vietnam Daily Market Recap Nov 17 – VNM

Market Commentary: The VN-INDEX regained its recent loss 

The VN-INDEX had a positive trading session by gaining 9.4pts on the back of various market pillars. After the opening bell, the VN-INDEX started in the green. Then, the profit taking action was strong enough to push the index down to the red territory and the VN-INDEX reached its intraday low at 1464.8pts. However, the buying demand emerged and helped the index to reach the green territory once again. The positive sentiment continued to spread for the rest of the day. In the afternoon session, the VN-INDEX rose to its intraday high of 1477.0pts. This rally was mainly contributed by the increase of Energy (+4.1%), Industrials (+1.4%), and Real Estate (+1.1%) stocks. VIC (1.6%), PLX (+3.8%) and BID (+1.9%), became today’s top mover, together contributing 3.4pts to the index’s gain. On the other hand, few large caps fell under selling pressure, including HPG (-1.2%, MSN (-1.0%) and CTG (-0.5%). At the end of the session, the VN-INDEX inched up 0.7% to close at 1,475.9 pts. The HNX-INDEX rose 2.4% to 463.0 pts. 

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