Vietnam Daily Market Recap Nov 16 – PNJ & PVD

Market Commentary: The VN-INDEX reduced 0.7% to 1,466.45pts because of selling pressure in late trading

The VN-INDEX had a negative trading session by falling 10.1pts, weakened by Real-estate. After the opening bell, the VN-INDEX quickly fell 9.6pts, and bounced back right after to reach its reference level. However, the selling pressure was strong enough to push the index down to its intraday low at 1,459.1pts and stayed in the red territory the whole morning. In the afternoon session, the buying demand helped the index to reach the green territory for the first time in the day. Unluckily, this wouldn’t last long, the sell-side had shown dominance with strong selling pressure in the late trading session. Real-estate had the worst performance today, included VHM (-1.2%), NLG (-4.2%), DXG (-2.2%). Notably, HPG (-3.0%) was the top laggard today and alone erased 1.86pts from the market. Other top laggards today were GVR (-2.8%), VHM (-1.2%), GAS (-1.9%), MSN (-1.3%). On the bright side, BVH (+3.0%) was the top supporter and alone contributed 0.37pts to the market. Other top supporters today were BCM (+2.2%), HVN (+2.0%), VCG (+4.8%), FPT (+1.0%). The selling pressure in the late trading session pushed the VN-INDEX to close at 1,466.45pts. Meanwhile, the HNX-INDEX surged 1.8% to 452.25pts.

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