Vietnam Daily Market Recap Jul 13

Market Commentary: The VN-INDEX ended in the green on the back of Real Estate and Oil & Gas large caps 

The VN-INDEX inched up 0.1% to 1,297.5pts as investors picked up Real Estate and Oil & Gas market pillars. After the opening bell, the VN-INDEX slightly rose above the reference point and fluctuated throughout the morning session. Notably, GAS became today’s top supporter, gaining 4.0% to VND91,500, alone contributing 1.8pts to the index’s gain. Other Real Estate and Oil & Gas large caps also joined the rally, including VHM (+1.4%), VRE (+3.1%), BCM (+3.6%), and PLX (+2.7%), thus pushing the index to its intraday high of 1,307.7pts (+0.1%). In the afternoon session, the VN-INDEX plunged to its intraday low of 1,278.3pts (-1.4%) yet the bull side managed to pull the index to the green at the end of the session. Financials and Consumer Staples market pillars fell under selling pressure, including VCB (-3.5%), MSN (-4.1%) and VNM (-2.3%). At the end of the session, the VN-INDEX closed up 1.2pts to 1,297.5pts with 265 gainers and 112 losers. The HNX-INDEX also gained 1.3% to 296.7pts. 

Read the full daily report: Daily Market Recap Jul 13