The majority of stocks in the VN30 basket are colored in green. Notably, there are 4 banking stocks: VPB, STB, HDB, and ACB with contributions of 1.17 points, 0.83 points, 0.75 points, and 0.34 points respectively to the VN30 index. On the other hand, FPT, TCB, CTG, and HPG are the stocks that are still under selling pressure, dragging down the index by more than 1 point.
Source: VietstockFinance
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The mining sector stocks started the session with a green color. Among them, oil and gas stocks such as PVD increased to the trading limit, PVB rose by 2.86%, PVC increased by 3.42%, and PVS increased by 3.29%… The rest of the stocks remained unchanged, while some stocks still faced selling pressure such as KSB, NBC, C32, and DHA.
The securities sector also contributed to the overall market trend with the majority of stocks such as SSI increased by 0.28%, HCM rose by 0.71%, VIX increased by 1.93%, and FTS increased by 0.38%…
Meanwhile, the rubber product sector is experiencing mixed movements with stocks decreasing such as CSM decreased by 1.15%, DRC decreased by 1.21%, BRC decreased by 2.94%
Compared to the opening session, the buying side still had an advantage. With 381 stocks increasing (including 11 stocks hitting the upper limit) and 219 stocks decreasing (including 5 stocks hitting the lower limit). The total trading volume on all 3 exchanges reached over 367 million units, equivalent to over 8.3 trillion VND.
Source: VietstockFinance
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Opening: Positive session with oil and gas stocks
At the beginning of the session on February 28, at 9:30, VN-Index fluctuated around the reference level, nearly 1,237 points. HNX-Index slightly increased, maintaining at 236 points.
The mining sector led with a 3.17% increase at the start of the morning session. Among them, oil and gas stocks surged, with PVS (+4.11%), PVC (+4.11%), PVB (+4.29%) being the top gainers. Meanwhile, PVD and DHM hit the trading limit with increases of 6.94% and 6.9% respectively.
Crude oil futures rose on Tuesday (February 27), amid uncertain prospects for a ceasefire in the Israel-Hamas war and some investors’ expectation that OPEC+ will extend production cuts after the first quarter.
On the other hand, Russia has approved a ban on gasoline exports for 6 months, starting from March 1, 2024. These developments may be the driving force behind the increase in oil and gas stocks.
The wholesale sector also recorded good growth, making a positive contribution to the index with a 1.19% increase. Major contributors include stocks such as PLX (+2.1%), PET (+1.64%), PSH (+3.95%), SHN (+6.76%),…
In addition to the above-mentioned groups, many Large Cap stocks are also showing positive movements. GAS, PLX, SAB, VIC, BCM also contribute to supporting the index.
