Give us your feedback

Vietnam Daily Market Recap Sep 21, 2022

Daily Market Recap 21/09/2022    39

Share

Market commentary: The VN-INDEX lost 8.4pts with decreasing liquidity ahead of the Fed meeting

The index fluctuated in the range of 1200-1217pts before decreasing 8.4pts to 1,210.6pts. Wall Street main indexes decreased on Tuesday as the investors anticipated for Fed’s meeting on Wednesday when the interest rate would be announced. Therefore, the investors’ sentiment was affected negatively, making the VN-INDEX open in the red. Although almost all sectors dropped, some stocks in the Construction sector remained the green hue. For example, VCG (+2.1%), FCN (+4.1%), and HHV (+4.8%) all rose significantly. The momentum of construction stocks helped the index to rise to its high intraday of 1217.3pts; before declining again due to strong selling pressure. Moving to the afternoon, the cautious sentiment emerged in the market. The rising of oil stocks such as PVD (+2.8%) and PVB (+2.7%) was not enough for the index to gain back points. Besides, the market liquidity dropped to the lowest amount in two months, only reaching 437m, equivalent to more than VND10,700bn. Top laggards were large-cap stocks such as VIC (-1.3%), VHM (-1.0%), MWG (-2.4%), VPB (-1.7%), and CTG (-1.7%). Meanwhile, the top movers were VNM (+1.5%), PGV (+2.6%), BVH (+1.3%), BHN (+2.9%), and PVD (+2.8%). At the end of the session, the VN-INDEX decreased by 0.7% to 1,210.6pts, while the HNX fell by 0.7% to 265.1pts.

Read the full report: HERE

DMCA.com Protection Status