Vietnam Daily Market Recap Oct 13

Market Commentary: The VN-INDEX fluctuated around the reference point

The VN-INDEX stayed flat at 1,391.9pts on the back of various market pillars. The VN-INDEX quickly moved to green territory right after the opening bell and kept moving around the reference point. After the noon break, the index touched its intraday high of 1,398.7pts. Several large caps supported the index’s advance, including GVR (+2.4%), PDR (+2.7%), DIG (+5.7%) and NLG (+4.9%). However, right before the end of the afternoon session, the index suddenly turned around due to strong selling pressure emerging in the market and pulled the index back to the reference level. The negative sentiment continued to escalate and dropped the index to touch its intraday low of 1,388.9pts but ended up recovering before the close. Notably, VHM (-1.4%), VIC (-0.6%) and SHB (-3.3%) are some of the main contributors for the declining of the index. At the end of the session, the VN-INDEX inched down modestly to 1,391.9pts while the HNX-INDEX stayed in green territory by increasing 1.5% to close at 384.9pts in today’s session.

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