Give us your feedback

Vietnam Daily Market Recap Sep 09

Daily Market Recap 09/09/2021    295


Market Commentary: The VN-INDEX regained its yesterday lost

The VN-INDEX rose 10.4pts today as investors sought to buy Consumer Discretionary large caps. As the index fell 8.3pts the previous session, Vietnam main’s stock market continued to start today’s session in the red with a cautious sentiment. Selling pressure emerged right after the opening bell and targeted Real Estate stocks to fall, including VIC (-0.8%) and NVL (-0.8%). Other large caps also lost ground, led by VCB (-0.4%), PDR (-2.1%), and SAB (-0.7%). However, large caps from the many sectors lent some support, and quickly returned the index to the green territory. GVR became the top mover of the session, rising 2.4% to VND39,950 and alone contributing 1.0pts to the index’s move. Notably, MWG and MSN respectively increased 6.7% and 2.3%, boosted by good news about the loosening process of social distancing measurements in HCM city and Southern provinces. Some market pillars joined the rally and further strengthened the upward momentum, led by VPB (+2.3%), HPG (+1.2%), and VJC (+3.5%). Thus the index was pushed up to its intraday high of 1,345.6pts (+0.9%). At the end of the session, the VN-INDEX ended in the green at 1,344.0pts (+0.8%) and the HNX-INDEX rose 0.9% to 350.4pts.

Read the full report: HERE Protection Status