Vietnam Daily Market Recap Oct 15

Market Commentary: The VN-INDEX failed to maintain its green position

The VN-INDEX went sideways to close at 1,392.7pts after another failed attempt to conquer the 1,400pts in the last weekday session. Right after the opening bell, the index quickly moved to the green territory and maintained to stay in this position until noon break. Financial large caps were the main supporters of the index’s advance, including TPB (+3.0%), VPB (+1.5%), TCB (+0.2%), STB (+1.7%) and CTG (+0.2%). Besides, other large caps also joined the rally, led by HPG (+0.9%), SAB (+1.8%), GAS (+0.6%).  In the afternoon session, the uptrend momentum once again decelerated when the index approached the 1,400pts area. It then started to drop quickly to the red territory and touched its intraday low of 1,388.5pts (-0.2%) due to strong selling pressure among several large caps, including VJC (-2.0%), MSN (-0.8%), VHM (-0.3%), PDR (-1.8%) and MWG (-0.8%). However, the VN-INDEX managed to recover back to the green territory right before the end of the session and closed at 1,392.7pts. The HNX-INDEX also inched up modestly 0.05% to close at 606.2pts in today’s session.

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