Vietnam Daily Market Recap Dec 01 – VHC

Market Commentary: The VN-INDEX increased 0.5% to 1,485.2pts

The VN-INDEX gained 6.7pts on the back of the Financial sector. After the opening bell, optimistic sentiment pulled the index to accelerate quickly and fluctuated around reference level within the morning session. The selling pressure pushed the index into the red territory at its intraday low of 1471.3 in the afternoon session. However, the buy-side created a greater demand in the late afternoon session, keeping the index close in the green territory. The buying demand targeted on Financials, including TPB (+7.0%), HDB (+4.9%), CTG (+1.3%), TCB (+1.2%) and MBB (+1.7%). Notably, NVL was the top leader of today, rising 3.6% to VND114,000, alone contributing 1.5pts to the market. Other large-caps joined the rally, including VIC (+1.0%) and SAB (+1.6%). On the contrary, another Real-estate large-cap, VHM, became the top laggard today, deceased 2.0% and erased 1.9pts from the market. Other top laggards were DIG (-4.5%), VJC (-2.0%), GVR (-0.8%) and VGC (-3.0%). At the end of the session, the VN-INDEX edged up 0.5% to 1,485.2pts while the HNX-INDEX decreased 0.5% to 455.8pts.

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