Vietnam Daily Market Recap Nov 30, 2022

Market commentary: VN-Index continued to extend the gaining series

Although selling pressure appeared, the VN-Index had enough momentum to climb by 16.3pts to 1,048.4pts. Worldwide, the bullish market in Wall Street has slowed down as S&P 500 and Nasdaq Composite decreased slightly today, amid the investors waiting for Fed’s future action. In the morning session, buyers and sellers took turns to dominate, causing VN-Index to drop below reference at times. The investors wanted to take profits after several bullish days. Nevertheless, the buy sides prevailed in the market in the afternoon. Steeling stocks was the highlight, with HPG and HSG rising. Additionally, the real estate sector increased noticeably when PDR, NVL, and KDH reached the price cell. Other large-cap stocks gained momentum, with VHM, HPG, VCB, VPB, and MSN being the market movers. There were some laggard stocks like GAS, CTG, VNM, SVC, BHN, and ACB, but they only took 1.3pts away from the index. As a result,  VN-Index increased by 1.6% to 1,048.4pts, while the HNX-Index rose by 0.3% to 208.8pts.

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