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Vietnam Daily Market Recap Nov 26 – Textile & Garment sector

Daily Market Recap 26/11/2021    106


Market Commentary: The VN-INDEX fell 0.5% as profit taking dominated late trading

The VN-INDEX decrease 7.8 pts as selling pressure emerged and targeted various market pillars. After the opening bell, the VN-INDEX followed the optimistic sentiment from the previous day and started in the green and stayed in this territory for the whole morning session. HPG was the biggest supporter today, which jumped 4.8% to reach its closing price of VND98,500 and alone added 4.4 pts to the index’s gain.  However, right after the afternoon session started, profit taking activities emerged and pushed the index down to red territory. The VNINDEX moved around the reference point index then profit-taking activities emerged and overwhelmed many large caps, pushing the VN-INDEX down to its intraday low of 1,488.8pts.  Notably, VCB became the largest laggard after dropping 2.0% to VND105,000, alone wiping 2.0pts off the index. Other market pillars also lost ground, including CTG (-2.4%), GAS (-1.8%), GVR (-2.3%), and TCB (-1.6%). On the other hand, very few notable stocks managed to overcome the sell-off wave, including VCB (-2.0%), VPB (+3.2%), NVL (+1.6%), VNM (+0.9%), and DIG (+3.6%).  At the end of the session, the VN-INDEX lost 0.5% to end at 1,493.0pts, and the HNX-INDEX decrease 0.2% to close at 458.6pts.

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