Vietnam Daily Market Recap Sep 15

Market Commentary: The VN-INDEX rebounded after two consecutive declines

The VN-INDEX rebounded 6.1pts to 1,345.8pts after two consecutive declines, with strong support from various sectors. Following the negative sentiment from previous sessions, the index quickly dropped to red territory and touched its intraday low of 1,335.9pts (-0.2%) right after the opening bell. Financial large caps are the main factors for the reduction, including VCB (-1.2%), ACB (-1.0%), MBB (-0.5%), TCB (-0.2%) and CTG (-0.2%). After that, the market soon recovered and moved around the reference level until noon break.  On the other hand, positive sentiment suddenly emerged in the market in the afternoon session, pushing the index to green territory, and kept an increasing position until the close. MSN became today’s top mover by edging up 6.9%, hitting the ceiling price and alone adding 3.1pts to the index’s advance. Several other large caps also joined the rally, including HPG (+2.6%), GAS (+2.8%), VHM (+0.9%), GVR (+1.3%), PLX (+1.6%) and POW (+2.6%). At the end of the session, the VN-INDEX increased 0.5% to 1,345.8pts and the HNX-INDEX also edged up 0.8% to close at 350.7pts in today’s session. 

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