Vietnam Daily Market Recap Aug 13

Market Commentary: The VN-INDEX regained its yesterday loss by rising 0.3% 

The VN-INDEX regained 4.0pts in the last minutes today despite selling pressure in mid session. After the opening bell, the index fluctuated around the reference point throughout the morning session and gradually fell to its intraday low of 1,336.7pts (-1.2%) due to weak performance of many large caps. Notably, GAS was the largest laggard which fell 1.6% to VND93,000 and alone took 0.8pts off from the index’s move. The stock was followed by other Consumer Staples and Financials large caps, including VNM (-0.7%), SAB (-0.8%), and MSN (-0.4%), VCB (-0.3%), BID (-0.6%). Selling pressure continues to extend to the afternoon session, dragging the index to its intraday low of 1,336.7pts (-1.2%). However, the market suddenly bounced back in the last part of the session and closed at the green territory. VHM was today top mover by increasing 2.6% and alone adding 2.7pts to the index’s advance. Other large caps also join the rally, including VPB (+2.7%), GVR (+1.5%), HPG (+0.5%) and FPT (+1.3%). At the end of the session, the VN-INDEX inched up 0.3% to 1,357.1pts and the HNX-INDEX also slightly rose 0.8% to 336.9pts 

Read the full daily report: Daily Market Recap Aug 13