Vietnam Daily Market Recap Jan 18, 2023 – ETF Monitor

Market commentary: VN-Index gained strongly for the 2nd session in a row

The VN-Index gained 10.0pts to 1,098.3pts on the back of two main pillar sectors, which were Real estate and Financials sectors. Following the political news from yesterday, the VN-Index surged right after the opening bell as many large caps witnessed aggressive buying demand. The positive momentum helped VN-Index to continue its uptrend until the end of the morning session. In the afternoon, the updates on decree 65 draft boosted Real estate sector and lifted the index increase further to its intraday high of 1,100.4pts. VIC became the largest mover, increasing 2.7% and alone adding 1.4pts to the index’s advance. Other large caps also joined the rally, including MSN (+2.5%), VCB (+0.7%), MWG (+4.4%) and VHM (+1.0%). On the other hand, VRE (-1.8%), HT1 (-3.0%), BVH (-0.4%), OCB (-0.6%) and PGV (-0.5%) were some of the minimal reasons, preventing further growth. Notably, liquidity on HOSE continued to be higher than the 20-session average for the two consecutive days. At the end of the session, the VN-Index edged up by 0.9% to 1,098.3pts, and the HNX-Index also gained by 1.2% to 217.8pts.

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