Vietnam Daily Market Recap Oct 05

Market Commentary: The VN-INDEX rose 1.1% on the back of Financials large caps.

The VN-INDEX rose 1.1% to close at 1,354.6pts supported mostly by Real Estates and Financial large caps. After the opening bell, the VN-INDEX edged up to 1,346.4pts (+0.4%), and created a gap with the previous closed price. After that, VN-INDEX reached 1,353.9pts and quickly edged down to 1,348.6pts. However, VN-INDEX kept staying in the green territory and closed at its intraday high thanks to the Banking sector, led by CTG (+2.8%), VCB (+1.1%), TCB (+1.6%) which totally contributed 2.7pts to the index. Real Estates also strengthened the advance, led by VHM (1.8%), NVL (+2.4%), and contributed 2.3pts to the index’s gain. The strongest mover of today’s session was GAS (+4.8%) which alone contributed 2.6pts to the index’s advance. On the contrary, Steels endured selling pressure which included HPG (-0.4%), HSG (-1.6%). In addition, top laggards today were VNM (-0.7%), VPB (-0.6%), PDR(-1.5%). At the end of the session, the VN-INDEX closed in the green at 1,354.6pts (+1.1%) and HNX-INDEX also jumped 1.5% to 366.5pts.

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