Vietnam Daily Market Recap Dec 13 – BCG

Market Commentary: The VN-INDEX rose 0.9% on the back of Real Estates sector

The VN-INDEX gained 12.7pts to 1,476.2pts as investors sought to buy Real Estate stocks. After the opening bell, The VN-INDEX opened and kept staying in the green throughout today’s session thanks to the support from various market pillars. In the afternoon session, following the positive sentiment from the morning session, the index kept increasing and climbed to its intraday high of 1481.7pts as the buying demand for Real Estate stocks strongly emerged. Notably, VHM, GVR and DIG were the biggest supporters, rising 1.5%, 2.7% and 6.9%, respectively and their gain added a combined of 2.9pts to the index’s move. Other market pillars also joined the rally and strengthened the index’s rise, including BID (+2.0%), HVN (+5.5%), and MSN (+1.5%). On the downside, selling pressure emerged on Financials stocks as VPB (-1.1%), TPB (-2.9%), VCB (-0.4%) and HDB (-2.1%) fell. At the end of the session, the VN-INDEX rose 0.9% to end at 1476.2pts and The HNX-INDEX also rose 1.5% to 457.6pts.

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