Vietnam Daily Market Recap Jul 29

Market Commentary: The VN-INDEX approaching 1,300pt-level with 1.3% increase

The VN-INDEX recorded a 16.5pts gain to reach 1,293.6pts with the support from Financials and Real Estate large caps. After the opening bell, the VN-INDEX quickly escalated to the green territory on the back of Financials and Real Estate market pillars. Notably, VHM became today’s top mover, rising 1.3% to VND107,900, contributing 1.3pts to the index’s move. Other Financials and Consumer Staples market pillars also joined the rally, including MSN (+2.6%), CTG (+3.0%), VPB (+2.5%), VCB (+0.9%), and TCB (+1.8%) to strengthen the index’s advance. In the afternoon session, the index managed to stay in the green and slowly climbed to its intraday high of 1,293.6pts (+1.3%) at the end of today’s session. On the contrary, several large caps lost ground, including VIC (-0.1%), VNM (-0.1%), and HNG (-2.0%). The index closed up 1.3% to 1,293.6pts, with 227 movers and 125 losers. The HNX-INDEX also edged up 1.5% to 311pts.

Read the full daily report: Daily Market Recap Jul 29