Report

6PM Call: The last-minute acceleration

  • The demand rose significantly around 1,042-1,045 points of the VN-Index, helping the index get out of the tension and closing at the session's highest price. This shows that the cash flow has been more active in the high-price zone.
  • Therefore, the market will likely continue to recover technically shortly to re-test supply and demand at the Gap-down 1,062 – 1,075 points of the VN-Index.

With a prudent move at the end of yesterday, the market continued to setback right at the opening of a new session. However, the market quickly regained its level and rebounded. The booming of the uptrend started in the last 30 minutes, pulled the index above the reference level, and closed at the day's highest price. VN-Index earned 16.18 points (+1.56%) and closed at 1,050.99 points. Liquidity decreased, with 402.6 million shares matched on HOSE.

VN30 also accelerated at the end and closed up 16.31 points (+1.58%). The green still dominated the index with 23 gainers and only 3 losers: MSN (-3%), NVL (-0.7%) and PLX (-0.6%). Leading the group's rally was ACB with an increase of 6.7%, followed by BID (+6.6%), CTG (+5.9%), VRE (+5.8%), HPG (+4.3%)…

Provider
Viet Dragon Securities
Viet Dragon Securities

Viet Dragon Securities belongs to top 20 biggest securities companies in terms of chartered capital in Vietnam. With a qualified, dedicated and professional team, a widespread network, advanced technology, diversified products and services, and good relationship with local and foreign institutions, we provide a wide range of services and products to our clients both individuals and institutions, both local and foreign. We commit to provide our clients with promising investment opportunities and a comprehensive and professional financial investment services.

RongViet Research reports are diversified and abundant, along with in-depth analysis and performed by experienced, highly-qualified and knowledgeable teams. With the objectives of transparency, accurate and timely manner, RongViet believes that our products would always be important sources of information for customers/investors’ investment decisions.

Analysts
Phuong Pham

Other Reports from Viet Dragon Securities

ResearchPool Subscriptions

Get the most out of your insights

Get in touch