Vietnam Daily Market Recap Jan 20

Market Commentary: The VN-INDEX rebounded significantly to 1,465.3pts with strong support from several large caps

The VN-INDEX surged 22.5pts to 1,465.3pts in the derivative expiration session thanks to excellent performances from various market pillars. Following the negative sentiment in previous sessions, the market quickly sank to the red territory right after the opening bell and was categorized as the Real Estate sector continued to boost the index, while Oil & Gas, and Financial sectors weighed it down. However, since a number of stocks had fallen to the floor constantly in recent sessions, they were “rescued” allowing the margin call to be less severe than in previous sessions, then assisting the market in maintaining a modest green hue throughout the morning session. Opening the afternoon session, the Banking, Oil & Gas sectors made a remarkable recovery, helping the VN-INDEX in reaching a session high of 1,468.0pts. Certain stocks, such as BID (+6.9%), CTG (+3.9%), VHM (+1.3%), BCM (+4.3%), GAS (+1.5%), and GVR (+2.2%), all contributed to the index’s advance. On the other hand, stocks such as VIC (-0.8%), VJC (-2.1%), VNM (-0.5%), CII (-6.9%), DGW (-6.9%), and FLC (-6.9%) had a decrease factor for the index. At the end of the session, the VN-INDEX surged 1.6% to 1465.3pts, while the HNX-INDEX gained 0.6% to 411.8pts.

Read the full report: HERE