Vietnam Daily Market Recap Aug 06

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

The VN-INDEX dropped 4.1pts in Friday’s session as profit taking dominated late trading. After the opening bell, the index started in the green territory thanks to large caps’ advance. VHM was the biggest contributor which rose 2.0% to VND113,900, alone adding 2.0pts to the index’s move. Other stocks also joined the rally and pushed the VNINDEX to its intraday high of 1,351.9pts (+0.5%), led by BCM (+6.9%), VNM (+0.7%), PLX (+1.0%), and DIG (+4.7%). However, since the VNINDEX had ninth consecutive gaining sessions from 26 Jul, selling pressure emerged in late trading and pushed the in down to the red territory. Today investors mainly took profit from the Financials sector, including VCB (-1.3%), VPB (-1.9%), TCB (-1.3%), STB (-2.4%), and MBB (-1.2%). Other large caps also lost ground such as GAS (-1.5%), GVR (1.9%), and VIC (-0.6%). At the end of the session, the VN-INDEX closed in the red at 1,341.5pts (-0.3%), while the HNX-INDEX was nearly flat at 325.5pts.

Read the full daily report: Daily Market Recap Aug 06