Vietnam Daily Market Recap Sep 12, 2022 – LPB

Market commentary: The VN-Index recorded the lowest  liquidity in nearly two months

The stock market closed a volatile session when VN-Index opened up nearly 10pts but ended near the reference level. Vietnam’s stock market opened the first session of the week with a flourish after continuing the recovery momentum at the end of last week. After the opening bell, the gaining momentum from the large-cap group broke out and led the market. The VN-Index bounced up nearly 10pts after the ATO session and kept flat until the daybreak. The green gain of the Index was reinforced by stocks of Retail, Oil and Gas, and Telecommunications Technology. In the Retail group, the driving force supporting the market came from DGW, FRT, MWG, PET, and PSD. Among the VN30, VHM contributed the most to the index’s move with an increase of 2.5%, followed by MWG (+2.8%) and VRE (+4.5%). These stocks contributed 3.0pts to the VN-Index’s uptrend. However, in the afternoon session, the selling was more overwhelming so the index narrowed in green. Top laggards today included MSN (-0.9%), NVL (-0.9%), VIC (-0.6%), GVR (-1.4%), and VNM (-0.8%). Besides, the VN-Index recorded the lowest liquidity in nearly two months with the value of only VND10,000bn, decreased 37% compared to the previous session and the lowest level since July 27. Notably, today is the first day HOSE applies odd lot trading. At the end of the session, the VN-Index moved slightly by 0.1% to 1,249.6pts while the HNX-Index declined 0.5% to 283.1pts.

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