Vietnam Daily Market Recap Sep 14 – VRE

Market Commentary: The VN-INDEX continued to drop in the Tuesday’ session  

The VN-INDEX continued to drop 1.73pts to 1,339.7pts in Tuesday’s session due to the reduction in various stock groups. The index started its morning session with a positive sentiment when the green color quickly emerged to the market right after the opening bell. Consumer large caps continue to lead the uptrend with the main contribution from MSN and SAB by increasing 3.8% and 2.8%, respectively and together adding 2.3pts to the index’s advance. Other large caps also joined the rally, including GVR (+0.8%), VRE (+1.4%), GAS (+0.5%), and FPT (+0.9%). However, the index continued to fail in conquering the 1350pts, as selling pressure appeared and pulled the index to reduce when it touched the intraday high of 1349pt (+0.6%).  Mass reduction appeared from this point, causing several pillar stocks to decrease and sank the index to red territory in the afternoon session.  Financial large caps became the main contributors for the reduction, led by CTG (-2.0%), VPB (-1.4%), BID (-1.1%), TCB (-0.9%), MBB(-1.1%), and ACB (-1.3%). At the end of the session, the VN-INDEX edged down 0.13% to 1,339.7pts and the HNX-INDEX also dropped 0.34% to 347.9pts in today’s session.

Read the full report: HERE