Vietnam Daily Market Recap Aug 10

Market Commentary: The VN-INDEX stayed in green by edging up 0.2% to 1,362.4pts.

The VN-INDEX increased modestly to 1,362.4pts, with the main contribution from the Utilities and Financials sectors. Right after the opening bell, the green color quickly covered the market, pushing the index to reach its intraday high of 1,369.9pts (+0.5%). Today top movers were GAS by increasing 3.2% and alone added 1.6pts to the index’s advance. Other large caps also joined the rally, including PLX (+1.7%), VCM (+0.7%), CTG (+0.3%), BID (+0.3%) and VNM (+1.9%). On the other hand, selling pressure suddenly appeared in the afternoon session, and at a time in the market, it even pulled the index to red territory and touched the intraday low of around 1,358.6pts. However, the index then bounced back and maintained to close at the green position for two consecutive days. The today market’s top losers were MSN (-1.8%), HPG (-0.6%), NVL (-1.3%), VPB (-0.8%) and GVR (-0.6%). At the end of the session, the VN-INDEX closed at 1,362.4pts by inched up 0.2%, and the HNX-INDEX increased 1.3% to 335.1pts.

Read the full daily report: Daily Market Recap Aug 10