Vietnam Daily Market Recap Oct 04 – PTB

Market Commentary: The VN-INDEX stayed in green for most of the time in today’s session

The VN-INDEX gained 4.7pts in Monday session thanks to large support from Steel’s stocks. After the opening bell, the index started optimistically and stayed in the green territory for nearly the whole session as almost all large caps enjoyed an upward trend. In the steel stock group, HPG traded explosively with a trading volume of more than 45.3m units, the liquidity increased quickly after breaking the price range of VND55,000/share. HPG is also the most positive influence on VN-Index today, which rose 1.0% to VND55,500 and alone adding 2.5pts to the index’s advance. It was followed by other steel stocks such as NKG (+6.7%), and HSG (+4.1%). Other large caps also joined the rally including GVR (+2.8%), VHM (+1.3%), PLX (+3.7%), and VJC (+2.3%), thus pushing the VN-INDEX up to its intraday high of 1,347.5pts (+0.9%). However, the uptrend gradually narrowed at the end of the session due to selling pressure from banking large caps, led by CTG (-3.5%), VCB (-1.4%), TCB (-1.3%), VPB (-1.4%), VIB (-3.1%), and ACB (-1.6%). At the end of the session, the VN-INDEX closed in the green at 1,399.5pts (+0.4%) and the HNX-INDEX also jumped 1.2% to 360.9pts. 

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