Vietnam Daily Market Recap Sep 22

Market Commentary: The VN-INDEX bounced back 0.8% after the fall in yesterday’s session

The VN-INDEX edged up 10.8pts to 1,350.7pts in Wednesday’s session with the main support from Consumer large caps. The recovery momentum in the last trading day continued to spread into today’s session, helping the index move up 6pts right after the opening bell. However, the gaining momentum is quickly narrowed due to strong selling pressure among Financial large caps, led by VIB (-1.8%), CTG (-0.5%), ACB (-0.6%), VPB (-0.1%), and BID (-0.1%). Hence, it pulled the index to red territory to touch its intraday low of 1,336.9pts (-0.2%) and then fluctuated around the reference level until noon break. On the other hand, the market regained its green position in the afternoon session thanks to the positive performance from Consumer large caps, including VNM (+3.0%), MSN (+2.4%), MWG (+1.5%), and PNJ (+3.3%). Vingroup’s related stocks also joined the rally, including VIC (+0.6%), VHM (+0.6%), and VRE (+0.2%). The uptrend momentum then continued to be cemented, helping the VN-INDEX rise 0.8% to close at its intraday high of 1,350.8pts at the end of the session. HNX-INDEX also edged up 1.24% to close at 363.4pts in today’s session.

Read the full report: HERE