Vietnam Daily Market Recap Aug 04 – VPB & PHP & Earnings Update

Market Commentary: The VN-INDEX edged up 0.2% with the support from Oil & Gas and Financials sectors

The VN-INDEX rose 2.3pts to 1,334.7pts today with the contribution from Oil & Gas and Financials large caps. The green color quickly emerged in the market right after the opening bell, supported by the positive performances from several large caps including GAS (+1.1%), STB (+2.9%), PLX (+2.1%), MBB (+1.4%) and BVH (2.1%), together adding 1.81pts to the index’s advance. In the afternoon session, the index narrowed its upward momentum and slightly dropped to the red territory and touched its intraday low of 1,328.6pts (-0.3%) yet still closed the today’s session in the green. On the other hand, Consumer Staples and Real Estate large caps lost ground, led by MSN (-1.3%), VIC (-0.4%), VHM (-0.4%) and VRE (-1.4%). Consequently, the VN-INDEX inched up 0.2% to 1,334.7pts. The HNX-INDEX also increased 0.9pts to close at 320pts (+0.3%). Foreign investors’ today activities resulted in a net bought value of VND12.2bn. 

Read the full daily report: Daily Market Recap Aug 04 – Earnings & VPB & PHP