Vietnam Daily Market Recap Dec 30 – F&B Sector

Market Commentary: The VN-INDEX edged up 0.2% to 1,486.0pts

The VN-INDEX rose 0.2% to 1,486.0 pts as investors sought to buy Financials stocks. Shortly after the opening bell, the VN-INDEX escalated to its intraday high of 1,493.4pts . This rally was mainly contributed by the increase of Financial stocks. Notably, SSI (+5.9%) along with other Financials large caps, including VPB (+1.9%), STB (+3.4%), VND (+4.8%) and MSB (+2.4%) became today’s top mover, together contributing 2.8pts to the index’s gain. Other market pillars also joined the rally, led VGC (+4.7%) and SBT (+5.8%) further strengthened the VN-INDEX’s advance. On the other hand, some large caps fell under selling pressure, pushing the index fell to its intraday low of 1,484.8pts. VCB became the top laggard in today’s session by dropping 1.4% and alone erasing 1.0pts from the index. Other laggards included VIC (-0.5%), CTG (-1.0%), POW (-3.1%), and NVL (-0.8%). At the end of the session, the VN-INDEX edged up 0.2% to 1486.0pts. The HNX-INDEX also rose 0.8% to 461.7pts.

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