Viet Nam Daily Market Recap Sep 06

Market Commentary: The VN-INDEX increased 0.9% in the first session after the holiday

The buying force appeared in many sectors, helping the market to be positive in the first session of the week. Right after the opening bell, Vietnam’s main stock market started with an optimistic sentiment and remained in the green territory throughout the session. HPG (+4.1%) became the spotlight  in the large cap group which contributed 2.4pts to the index’s gain and VHM (+1.3%) ranked second when contributing 1.3pts. These stocks were followed by GAS (+2.0%), VIC (+1.0%), and TCB (+1.4%), thus pushing the index up to its intraday high of 1,348.4pts (+1.0%) right before the ATC session. However, at the same time, many stocks faced selling pressure, led by GVR (-2.0%), MSN (-1.7%), VPB (-0.7%), SSI (-2.0%), and DHG (-4.6%). At the end of the session, the VN-INDEX surged 0.9% to 1,346.4pts and the HNX-INDEX also rose 0.6% to 345.6pts. Besides, the cash flow is still strong in the market with the trading value on HOSE reaching over VND28,000bn.

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