Vietnam Daily Market Recap Oct 08

Market Commentary: The VN-INDEX increased for the fifth consecutive sessions

The VN-INDEX continued to gain 6.7pts today to close at 1,372.7pts due the positive performances among several large caps. Following the uptrend momentum in the previous sessions, the index quickly moved to the green territory right after the opening bell, but then decelerated and retreated to the reference level. GVR became the biggest loser in today’s session by declining 1.4% and alone erasing 0.6pts from the index. Other large caps also joined the downtrend including PLX (-0.2%), POW (-1.6%), VRE (-0.5%) and VHM (-0.1%). However, the positive sentiment came back in the afternoon session, pulling the index to touch its intraday high of 1,373.1pts (+0.5%) right before closing. Notably, there are total 24 VN30 large caps contributed for the increase of the index in today’s session, including MSN (+2.7%), FPT (+4.9%), GAS (+1.3%), SAB (+2.6%), TCB (+1.4%), VIC (+0.6%), and VNM (+0.9%). At the end of the session, the VN-INDEX edged up  0.5% to 1,372.7pts, and the HNX-INDEX also increased 0.4% to close at 371.9pts in the last weekday’s session.

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