Strong Gains from Financial Services and Insurance Coupled with a Correction in the Consumer Segment
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The market stopped rallying today as some leaders in the consumer segment such as VNM, SAB and MSN corrected. After taking second place in terms of market cap, SAB lost VND13,000/share. MSN (-VND1,500/share) and VNM (-VND1,100/share) also contributed to the decline of the VN Index today. The HNX Index was also affected by some decliners like ACB, NVB, PLC, although stocks such as VCG, VCS, PVI and PVS were able to push the index to higher ground. Market liquidity reverted to last week’s mean (excluding ETFs’ trades), and the total trading value was VND2,460 billion in both bourses.
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