Vietnam Daily Market Recap Oct 06

Market Commentary: The VN-INDEX rose 8.2pts thanks to Utilities and Materials large cap’s advances

The VN-INDEX gained 8.2pts to end at 1,362.8pts on the back of Utilities and Materials large caps support. After the opening bell, The VN-INDEX started in the green territory and managed to stay in the green throughout today’s session. Large caps from the Utilities and Materials sector became the market’s mover, led by GAS (+4.1%) and HPG (+1.5%). These stocks contributed a total of 3.5pts to the index’s gain. Real Estate large caps also joined the rally, including VHM (+1.4%), VRE (+3.3%) and DIG (+6.9%). On the contrary, many large caps from Financials endured selling pressure including VPB (-1.6%) which alone took 0.6pts from index’s move, MSB (-3.9%) and CTG (-0.7%). Other top laggards were SAB (-1.3%), VJC (-1.1%) and VNM (-0.4%). At the end of the session, the VN-INDEX closed at  its intraday high of 1,362.8pts (+0.6%) as all sectors rose, while the HNX-INDEX rose 0.5% to 368.5pts.

Read the full report: Here