Vietnam Daily Market Recap Nov 22 – CTG

Market Commentary: The VN-INDEX fluctuated throughout the trading session

The VN-INDEX lost 5.1pts as selling pressure forced many large caps to fall. Vietnam’s main stock market began the first trading day of the week in pessimistic sentiment as almost large caps started trading in the red. However, the index quickly recovered and reached its intraday high of 1,466.5pts (+1.0%) before the daybreak mainly thanks to the Financials sector. Banking stocks have impressive performance today, led by CTG (+5.2%), VCB (+1.8%), BID (+2.6%), HDB (+7.0%), VIB (+6.9%), TPB (+6.9%), MBB (+3.2%), and TCB (+1.5%). These stocks contributed a combined 3.6pts to the index’s advance. Right after that, the VN-INDEX tumbled to its intraday low of 1,442.9pts (-0.6%) as selling pressure emerged and forced many large caps to fall. Top largard today included GVR (-5.6%), GAS (-3.7%), PLX (-5.9%), BCM (-5.4%), and GEX (-7.0%). The VN-INDEX fluctuated around the reference point throughout the session and finished the trading day in the red at 1,447.3pts (-.04%). The HNX-INDEX also plunged 2.1% to 444.6 in Monday’s session. 

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