Market Update 07/02: Inclining towards the Upside

The VN-Index has increased by 4.17 points, trading around the 1,192 mark. Meanwhile, the HNX-Index has seen a slight increase of 0.08 points, trading around the 230 mark.


The majority of stocks in the VN30 basket are showing strong increases. Among them, the banking sector stands out with stocks like MBB, TCB, CTG, ACB… contributing respectively 0.99 points, 0.90 points, 0.76 points, and 0.55 points to the VN30 index. On the other hand, MWG, VIC, VNM, and SSB are stocks that are still under selling pressure, deducting nearly 1 point from the index.

The banking sector started the session with strong gains. Specifically, MBB rose by 1.74%, CTG rose by 2.91%, STB rose by 1.14%, and TCB rose by 1.26%… The remaining stocks in this sector were mostly in a steady or slightly decreasing state, like EIB, NVB, EVF, MSB, and SSB… As of 10:30 am, more than 856 billion VND was poured into this sector, with a trading volume of over 35 million shares.

The logistics and warehousing sector also contributed to the market’s overall increase with stocks like GMD rising by 1.01%, PVT rising by 0.38%, HAH rising by 1.36%, and SCS rising by 1.12%… On the other hand, some stocks still faced slight selling pressure, such as VJC down 0.1%, AST down 0.7%, CDN down 0.74%, and MHC down 0.13%…

In contrast, the real estate sector had mixed developments with stocks experiencing both gains and losses. Stocks that had a negative impact on the overall market included VIC down 0.59%, BCM down 0.16%, KBC down 0.48%, and PDR down 0.5%… On the positive side, stocks like VHM rose by 0.12%, NVL rose by 0.29%, KDH rose by 0.16%, and DTD rose by 0.71%…

Compared to the market opening, buyers still had the upper hand. There were more than 340 stocks rising and more than 180 stocks falling.

Source: VietstockFinance

The total trading volume on all 3 exchanges reached over 192 million shares, equivalent to over 4.4 trillion VND. Foreign investors continued to be net sellers with a net selling value of over 89 billion VND, focusing on DIG, NVL, and VRE.

Source: VietstockFinance

Market Opening: Positive start

The VN-Index started the morning session with a positive tone, covering almost all sectors. The biggest contribution came from the rubber and plastics – chemicals sector.

The rubber sector led the market in the morning session. DRC was the top gainer with a 2.61% increase, followed by BRC with a 1.14% increase.

The plastics – chemicals sector also showed positive signs from the beginning of the session, especially stocks like DGC (+1.15%), DCM (+2.27%), DPM (+1.05%), HRC (+2.3%), BMP (+0.94%),…

The information technology sector continued to contribute to the index’s recent upward trend. Stocks such as FPT, ELC, CTR, ICT maintained good growth rates.

Ly Hoa

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