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Vietnam Market Daily Recap Jul 26 – PNJ

Daily Market Recap 26/07/2021    210


Market Commentary: The VN-INDEX ended in the green despite early trading sell-off

The VN-INDEX rose 0.3% to 1,272.7pts today on the back of Real Estate and Consumer Staples large caps. The VN-INDEX opened in the red as strong selling pressure emerged on the Financials market pillars throughout the morning session, led by VPB (-3.1%), VCB (-1.0%), VIB (-4.1%), TCB (-1.0%), and MBB (-2.0%), together taking 3.8pts off the index’s move. Other Financials stocks also lost ground, including SSB (-3.1%), CTG (-1.1%) and ACB (-0.9%). However, in the afternoon session, thanks to the buying demand from Real Estate and Consumer Staples large caps, the index returned to the green territory and ended with a 3.9pts gain. Notably, VHM and NVL became today’s largest supporters, gaining 1.9% and 4.4% to VND109,600 and VND107,500, respectively, contributing 3.6pts to the index’s advance. Other Real Estate and Consumer Staples large caps also joined the rally, including VNM (+1.5%), MSN (+1.8%), and PDR (+2.1%). At the end of the session, the index closed up 0.3% to 1,272.7pts, with 179 movers and 138 losers. The HNX-INDEX also edged up 0.4% to 302.9pts.

Read the full daily report: Daily Market Recap Jul 26 – PNJ Protection Status