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Vietnam Daily Market Recap Sep 29

Daily Market Recap 29/09/2021    163


Market Commentary: The VN-INDEX went sideways due to strong recovery in the afternoon session

The VN-INDEX went sideways by decreasing modestly 0.1pts to 1,339.2pts due to the publication of several crucial macro indexes in today’s session. The negative sentiment quickly emerged in the market right after the opening bell, dragging the index into red territory and touching its intraday low of 1,328.4pts (-0.8%). It was a part of the effect from the poor performance of the 3Q21 socio-economic situation, published by the General Statistic Office (GSO) earlier this morning. Financial large caps are today’s top losers, led by CTG (-1.8%), VCB (-0.7%), VPB (-1.2%), TCB (-0.8%), ACB (-0.8%), BID (-0.5%), and together erasing 2.7pts from the index. However, the market suddenly bounced back right after the dip, and gradually narrowed the index reduction until noon break. In the afternoon session, the uptrend momentum continued to be maintained, pushing the index back to the green territory and then starting to move around the reference level until close. MSN became today’s top mover by increasing 3.7% and adding 1.6% for the index’s advance. Other large caps also joined the rally, including GAS (+1.8%), HPG (+1.3%), PLX (+1.8%), POW (+3.8%), GVR (+0.6%), MWG (+0.9%) and VIC (+0.2%). At the end of the session, the VN-INDEX went sideways by inching up 0.01% to 1,339.2pts, and the HNX-INDEX dropped 0.5% to close at 354.3pts in today’s session.

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