Vietnam Daily Market Recap Mar 17, 2023

Market commentary: The VN-Index gradually dropped in the ETF review session

The VN-Index edged down 2.2pts to 1,045.1pts in the ETF review session, with selling pressure popping up across small and mid-cap stocks. Reacting to the urgent action from the world’s central banks, to ease the stress from Credit Suisse and SVB, VN-Index opened in a positive manner with green hue spread across the market. The buying demand quickly pulled the index to its intraday high of 1,055.2pts before the uptrend decelerated and turned down gradually toward the noon break. In the afternoon, the index finally sank into the red territory then fluctuated within a narrow range for the whole remaining session with significantly low liquidity recorded. In the ATC session, strong ETF cash flow kicked in, bringing several market pillars to volatile sharply. VJC (+6.8%), VPB (+1.3%), HDB (+3.6%), VRE (+1.9%), and BVH (+2.9%) were today’s market’s traction, preventing further drop. In opposed, VCB (-2.2%), VHM (-2.6%), VNM (-2.5%), HPG (-2.2%) and GAS (-0.9%) became today’s top laggard, swiped several points of the index. At the end of the session, the VN-Index edged down 0.2% to 1,045.1pts while the HNX-Index went sideways, inched up 0.1% to 204.5pts.

Read the full report: HERE