Vietnam Daily Market Recap Sep 27 – Sector note
Daily Market Recap 27/09/2021 130
Market Commentary: Red color covered the stock market
The VN-INDEX recorded the strongest sell off with 1.9% drop in nearly one month due to selling pressure across all sectors large caps. Vietnam’s main stock market opened in a pessimistic manner today and fluctuated around the reference point due to the mixed performance of many large caps. The strongest support came from VJC, rising 3.2% to VND129,000 and adding 0.6pts to the index’s move. The stock was followed by VOS (+6.9%), SVC (+6.4%), PLX (+0.2%), and PDN (+5.8%). However, selling pressure emerged before daybreak and forced all sectors to lose ground. Notably, MSN was the largest laggard, falling 5.2% to close at VND135,000 and wiping 2.4pts off the index’s move. Other large caps also join the plunge including GVR (-3.8%), VCB (-1.5%), VHM (-1.8%), and VNM (-2.1%). Thus, the VN-INDEX closed at the intraday low of 1,325.0pts (-1.9%) and the HNX-INDEX also fell 1.8% to 353.0pts.
Read the full report: HERE