Vietnam Daily Market Recap Aug 09 – Econ Update & PVD

Market Commentary: The VN-INDEX returned to the green with an 18.4pts gain

The VN-INDEX rose 1.4% to 1,359.9pts in today’s session as investors sought to buy large caps from the Real Estate and Financials sectors. After the opening bell, the VN-INDEX slightly fell under the reference level due to selling pressure from several large caps, including VCG (-0.7%), HVN (-1.6%), KDC (-0.6%), and PVD (-1.1%). However, thanks to strong buying demand in the afternoon session, the index slowly climbed to its intraday high of 1,361.1pts (+1.5%). Notably, VHM became today’s top mover, increasing 3.1% to VND117,400, alone contributing 3.2pts to the index’s gain. Other Financials and Real Estate large caps also joined the rally, followed by ACB (+2.7%), TCB (+1.4%), BCM (+4.7%), and SSI (+5.1%). The index continued its positive sentiment to close in the green territory. At the end of the session, the VN-INDEX closed up 1.4% to 1,359.9pts with 228 movers and 68 losers. The HNX-INDEX also jumped 1.6% to 330.7pts.

Read the full daily report: Daily Market Recap Aug 09 – Econ Update & PVD