Vietnam Daily Market Recap Oct 26

Market Commentary: The VN-INDEX gained 6.2pts in the last minutes

The VN-INDEX closed 6.2pts up in today’s session on the back of various market pillars. After the opening bell, the VN-INDEX followed the pessimistic sentiment from the previous day and started in the red then moving around the reference point for the whole morning session. VIC became the largest laggard after dropping to VND91,800 in the morning session. The bearish sentiment continued to dominate the whole market and the VN-INDEX fell to its intraday low of 1377.6pts. However, as the afternoon session was nearing its end, buying demand emerged and overwhelmed other large caps, pushing the VN-INDEX up to its intraday high of 1393.0pts. Notably, HPG was the biggest supporter and its gains of 2.2%, alone add 1.4pts to the index gain. Other large caps catching up with the advance included GAS (+1.6%), FPT (+2.1%), MBB (+1.3%)  and VIB (+1.8%). On the downside, several stocks suffered from profit taking in late trading, including VNM (-0.6%), MSN (-0.6%), SAB (-0.8%), PDR (-1.7%), and NVL (-0.5%). However, their impact was minimal compared to the overall gain. At the end of the session, the VN-INDEX inched up 0.5% to close at 1,391.6pts, and the HNX-INDEX also increased 0.5% to 397.8pts.

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