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Vietnam Daily Market Recap Oct 12 – Economic Update

Daily Market Recap 12/10/2021    130

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Market Commentary: The VN-INDEX slightly edged up to 1,394.8pts

The VN-INDEX rose 0.1% to land at 1,394.8pts on the back of Consumer Discretionary large caps. Following yesterday’s optimistic sentiment, after the opening bell, the VN-INDEX escalated quickly to its intraday high of 1,400.4 (+0,5%). Today, Consumer Discretionary and Energy were the two most positive sectors that contributed to the market’s uptrend, rising 0.9% and 0.6%, respectively. The Consumer Discretionary sector was led by MWG (+2%) which contributed 0.5pts to the market. The two leaders of the Energy sector were POW (2.4%) and REE (+2.7%) that contributed 0.1 pts and 0.2pts to the market, respectively. Moreover, VIC (+1.1%), DGC (5.4%), BID (0.6%) also joined the rally. On the contrary, Real-Estate large caps had a disappointing trading day with decreases of VHM (-0.1%) and NVL (-1%) that affected the market down by 0.11pts and 0.39pts, respectively. The top laggards of today were VCB (-0.5%), MSN (-1%), CTG (-0.6%). At the end of the session, the VN-INDEX inched up only 0.1% to 1,394.8pts while HNX-INDEX edged up 0.4% to 375.7pts.

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