Vietnam Daily Market Recap Sep 16, 2022 – Rice production sector

Market commentary: The VN-Index increased 0.4%, liquidity in today’s session is the lowest in three months

The VN-Index dropped 11.6pts in the ETF review session as several market pillars suffered from strong selling pressure in the late trading. The stock market showed a negative face in the last weekday session, and quickly moved into the red territory right after the opening bell. Additionally, the lack of supportive information made investors’ sentiment become cautious, causing the index to fluctuate around the area 1,240 -1,245pts right before noon break. In the afternoon session, the negative sentiment started to accelerate with the decreasing momentum widened towards the end of the session. Banking groups appeared to be the major cause for the index drop, including ACB, BID, TCB, TPB, VIB and drowning almost 4pts from the index. Only a minority of large caps performed well today and recorded a gaining session, including NVL (+1.3%), VPB (+0.8%), MSN (+0.7%), VCG (+5.2%), and PNJ (+1.2%). On the other hand, several large caps put down the index, led by VIC (-2.2%), HPG (-2.5%), GVR (-3.5%), CTG (-2.6%) and MWG (-2.6%). At the end of the session, the VN-Index dropped 0.9% to 1,234.0pts, and HNX-Index also declined 2.4% to 272.8pts.

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