Vietnam Daily Market Recap Oct 19 – MCH

Market Commentary: The VN-INDEX declined modestly 0.01% to 1,395.3pts

The VN-INDEX went sideways with the main support from Real estate and Financial stocks. After the opening bell, the VN-INDEX began the session with a negative sign and edged down quickly to its intraday low of 1,388.9pts. The main reason came from Utilities (-1.1%), which led by GAS, down from VND116,500 to VND114,500 and alone contributing -1.0pts to the index’s loss. Some energy stocks also followed the downtrend, including PVT (-2.8%), PVD (-0.8%). Other top laggards of today were HPG (-1.2%), MSN (-1.4%), and GVR (-0.9%). After the market down to its intraday low, the buying force joined and pulled it to reach its intraday high of 1,399.7pts thanks to large-cap stocks of Banks and Real estates such as BID (+1.9%), VCB (+0.4%), and VHM (+0.6%), NVL (+0.9%). Insurance stocks had an amazing trading day included BVH (+3.0%), MIG (+6.8%), PVI (+7.5%). Unfortunately, the selling force at the end of the session pushes the VN-INDEX closed at 1,395.3pts (-0.01%). On the contrary, HNX-INDEX gained 2.1pts and closed at 387pts (+0.55%).

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