Vietnam Daily Market Recap Sep 24 – SZC

Market Commentary: The VN-INDEX decreased 0.1% due to the reduction among mid and small-cap stock groups.

The VN-INDEX edged down 1.6pts to 1,351.2pts in Friday’s session due to mass reduction among mid and small-cap stock groups. Following the uptrend momentum in the last two sessions, the index quickly moved to the green territory and touched its intraday high of 1,356.9pts (+0.3%) right after the opening bell. Financial large caps performed impressively in today’s session, and contributed the most points to the index’s advance, led by MBB (+2.9%), TCB (+0.8%), MSB (+3.4%), ACB (+1.3%), VIB (+1.7%), BID (+0.6%) and CTG (+0.3%). Contrary to the strong performance of the Financial sector, cautious sentiment appeared in several small and mid-cap stock groups. Hence, it quickly narrowed down the uptrend momentum, causing the index to fluctuate around the reference level right after the noon break. In the afternoon session, strong selling pressure suddenly escalated, dragging the index to its intraday low of 1,348.3pts (-0.3%) right after the close. Besides the reduction in mid and small-cap stocks, MSN was today’s top loser by dropping 1.8% and alone erasing 0.8pts from the index. Other large caps also joined the rally including MWG (-1.1%), HPG (-0.4%), GVR (-0.5%), VRE (-1.4%) and POW (-1.3%). At the end of the session, the VN-INDEX edged down 0.1% to 1,351.2pts, and the HNX-INDEX also dropped 0.4% to close at 359.6pts in today’ session.

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