Vietnam Daily Market Recap Jul 07

Market Commentary: The VN-INDEX regained 33.8pts as investors sought to buy late trading 

The VN-INDEX bounced 2.5% to 1,388.6pts on the back of Real Estate and Consumer Staples large caps. After the opening bell, Vietnam’s main stocks index fluctuated around the reference level and stayed in the green before the daybreak. Several Financials large caps lost ground, including BVH (-2.6%), VIB (-1.4%) and VPB (-0.4%). In the afternoon session, the index maintained the positive momentum and rose to today’s intraday high of 1,388.5pts (+2.5%) as investors sought to buy Real Estate and Consumer Staples stocks late trading. Notably, VHM became today’s largest supporter, jumping 6.1% to VND117,000, alone contributing 6.1pts to the index’s rise. Other Real Estate and Consumer Staples market pillars also joined the rally, including VIC (+1.8%), MSN (+6.4%) and VNM (+3.2%) to strengthen the index’s rise. At the end of the session, the VN-INDEX successfully closed at today’s intraday high of 1,388.5pts, increasing 2.5% with 120 gainers and 192 losers. The HNX-INDEX also edged up 0.4% to 319.8pts.         

Read the full daily report: Daily Market Recap Jul 07