Vietnam Daily Market Recap Jan 13, 2023

Market commentary: Cautious sentiment pervaded, VN-Index fluctuated in a narrow range

The VN-Index fluctuated throughout the trading day, ending with a slight gain of 3.8pts to 1,060.2pts. Globally, U.S stock markets and the majority of Asian markets rose today as the U.S CPI rate in December was down by 0.1% mom, signaling the inflation rate slowed down. Jointly with the rise of global indexes, the VN-Index opened in a green hue. It rapidly climbed to its intraday high of 1,066.4pts, led by the rise of Financial stocks like VCB, BID, and VPB. However, the cautious sentiment during the pre-holiday period caused the market momentum to decelerate. VN-Index mainly moved downward in the afternoon and even lost its reference level near the late trading session. Nevertheless, the VN-Index gained momentum back during the ATC, backed by the growth of SAB (+3.4%) and MSN (+1.8%) in the Food & beverage sector. They were on the top market movers along with VCB (1.2%), VPB (+3.7%), VHM (+1.0%), and BID (+0.8%), which all together contributed 4.9pts to the VN-Index. On the other hand, NVL (-4.4%), ACB (-1.4%), VJC (-1.9%), GVR (-1.7%), and GAS (-0.5%) were the top market laggards. At the end of the session, the VN-Index moved up by 0.4% to end at 1,060.2pts, while the HNX-Index edged down by 0.3% to 211.3pts.

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