Vietnam Daily Market Recap Oct 29 – NT2 & Market strategy

Market Commentary: VN-INDEX continued its uptrend for the fourth consecutive sessions 

The VN-INDEX increased 6.3pts to 1,444.3pts for the fourth consecutive sessions with the strong support from Real estate large caps. Right after the opening bell, the index stumbled around the reference level and then suddenly dropped to the red territory and touched its intraday low of 1,432.9pts (-0.3%) right before noon break. The poor performance among several large caps were the main reason for the index’s loss including, HPG (-1.6%), SAB (-2.5%), VPB (-1.4%), GVR (-0.6%), FPT (-1.1%) and GAS (-0.4%). However, the downtrend decelerated in the afternoon market and started moving up to the green territory with the strong support from Real estate large caps. Notably, VHM became today’s top mover by increasing 5.6% and alone adding 5.1pts to the index’s advance. Other large caps also join the rally, including BID (+4.1%), ACB (+3.6%), VIC (+0.8%), NVL (+1.4%), KDH (+3.0%) and CTG (+0.6%). At the end of the session, the VN-INDEX edged up 0.4% to 1,444.3pts and the HNX-INDEX also increased 0.3% to close at 412.1pts in today’s session.

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