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Vietnam Daily Market Recap Oct 22

Daily Market Recap 22/10/2021    158

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Market Commentary: The VN-INDEX stayed in the green for the whole session

The VN-INDEX edged up 4.5pts to 1,389.2pts with major support from Real estate large caps. Right after the opening bell, the market quickly moved to the green territory and stayed in this position until noon break. Notably, conservative sentiment played the main theme for today’s session as selling pressure emerged as soon as the index touched the 1390pts area. Hence, after reaching its peak of  1,393.2pts (-0.6%), the uptrend momentum quickly narrowed down and dropped to nearly touch the reference level in the afternoon session. Several Financial large caps appeared as the main factors for the index’s deceleration, including TCB (-1.1%), VPB (-0.9%), BID (-0.5%), TPB (-1.1%), and CTG (-0.3%). However, the index then soon recovered right after the close with the strong support of Real estate large caps, led by VIC (+0.9%), VHM (+0.1%), VRE (+0.2%), NVL (+1.3%), PDR (+2.4%), KDH (+1.4%). At the end of the session, the VN-INDEX increased 0.3% to 1,389.2pts, and the HNX-INDEX also rose 0.7% to close at 391.2pts in today’s session.

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