Vietnam Daily Market Recap Sep 01

Market Commentary: The VN-INDEX kept its momentum to increase for the fourth consecutive day.

The VN-INDEX edged up 3.1pts to close at 1,334.6pts in the final session before the National Independence Day’s holiday – September 2nd. The cautious sentiment immediately covered the market, pulling the index to touch its intraday low of 1,328.9pts (-0.2%) right after the opening bell and moving in a narrow range around the reference level for the whole morning session. Consumer large caps performed badly in today’s session, led by MSN (-1.3%), MWG (-0.7%), PNJ (-0.8%), and SAB (-0.9%). Other large caps also had poor achievements, including TCB (-0.4%), GAS (-0.9%), PDR (-2.5%), and HPG (-0.2%). In the afternoon session, the market kept its morning trend and continued fluctuating around the reference level until close. However, it maintained to stay in green territory most of the time, with only sometimes dipping to red color but bouncing back right away. GVR is today’s top driver by increasing 3.5% and alone adding 1.4pts to the index advance. Other large caps also join the rally, including VHM (+0.6%), CTG (+0.8%), PLX (+2.2%), POW (+5.1%) and VNM (+0.6%). At the end of the session, the VN-INDEX inched up 0.2% to close at 1,334.6pts. The HNX-INDEX also increased 0.2% to close at 343.4pts.

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