Market Pulse 11/03: Tug of War at the Reference Level

After a cautious start, the VN-Index managed to recover slightly from last week's sharp decline, though investor sentiment remained cautious. The VN-Index rose 4.58 points to reach 1,251.93 points, while the HNX-Index increased by 0.22 points, reaching 236.54 points. Temporary dominance in declining stocks was observed with 291 stocks gaining and 309 stocks falling.

0
61

The trading volume of the VN-Index recorded in the morning session reached nearly 362 million units, with a value of over 9 trillion dong. The HNX-Index recorded a trading volume of nearly 33 million units, with a trading value of over 720 billion dong.

Source: VietstockFinance

At the end of the morning session, the stocks TCB, GAS, BCM had the most negative impact by deducting more than 1 index point. On the other hand, the stocks BID, GVR, FPT had the most positive impact by adding more than 2.6 index points.

The chemical-plastics industry contributed the most to the index growth towards the end of the morning session. Most of the stocks in this sector experienced good growth, such as GVR (+3.28%), DGC (+1.09%), DPM (+1.97%), BMP (+1.33%), PHR (+5.87%), CSV (+3.34%), BFC (+7%),…

In addition, the technology and information industry also contributed positively but not entirely. The presence of the two industry giants FPT and CTR recorded respective increases of 1.82% and 6.94%.

Furthermore, stocks in the seafood industry also showed strong growth in the morning session. Specifically, ANV increased by 3.62%, ASM increased by 4.05%, FMC increased by 1.35% and IDI almost reached the ceiling with an increase of 6.05%.

Movement of industry sectors at the end of the morning session on 11/03. Source: VietstockFinance

By the end of the morning session, the color green temporarily took the upper hand when looking at the overall industry. Among them, the plastics-chemical manufacturing sector saw the strongest breakthrough with an increase of 2.24%. On the contrary, mining was the most negative sector with a decrease of 0.75%.

10:30 AM: Trading with cautious sentiment

After a strong decline in the previous week, the current indecisive sentiment of investors has caused the main indexes to fluctuate near the reference level. As of 10:30 AM, the VN-Index decreased by 2.34 points, trading around the 1,249 level. The HNX-Index decreased by 0.13 points, trading around the 236 level.

The current breadth in the VN30 basket is leaning towards the red color, but the pressure is not too significant. In particular, the banking sector is experiencing high selling pressure with TCB decreasing by 1.43 points, MBB decreasing by 0.56 points, ACB decreasing by 0.34 points, and SHB decreasing by 0.28 points. On the other hand, only the group of stocks with big players FPT, MSN, VNM, and HPG still remained green and contributed more than 4 points to the overall index.

Source: VietstockFinance

The banking and insurance stock group is facing strong selling pressure with the majority of red-colored stocks. Notable stocks include PRE (-8.08%), PVI (-1.69%), BMI (-0.85%), MBB (-1.06%), TCB (-1.46%),…

On the contrary, the real estate and securities sectors are showing quite positive developments with stocks such as VHM (+0.47%), VIC (+0.78%), DIG (+0.19%)… and FTS (+3.71%), BSI (+1.22%), TVB (+2.29%)…

Compared to the beginning of the session, the market breadth with the number of stocks standing at the reference price is quite large, with over 1,000 stocks. The number of stocks increasing is 280 (including 15 stocks reaching the ceiling price) and the number of stocks decreasing is slightly higher at 305 (including 7 stocks reaching the floor price). The total trading volume on all 3 exchanges reached over 251 million units, equivalent to over 6.3 trillion dong.

Source: VietstockFinance

Market opening: Cautious start

A slight green color appeared at the beginning of the trading session, but the increase was not too high and the indexes were fluctuating around the reference level. This indicates that the optimism of investors is still present in the market along with caution.

At 9:30 AM, the VN-Index increased by over 4 points and traded around the 1,252 level; the HNX-Index reached the 236 level.

The color green temporarily took the upper hand in the VN30 basket with 18 stocks increasing, 8 stocks decreasing, and 4 stocks standing at the reference price. Among them, the banking stocks MBB, TCB, STB… were the cause of the decline. On the contrary, stocks such as FPT, GVR, VIC, which are the stocks that increased, supported the market.

The technology and production industry group stood out in the market. Stocks such as VNM increased by 1%, DBC increased by 2.38%, VGI increased by 2.74%, FPT increased by 0.15%…

The securities industry sank in the red right at the beginning of the trading session. Prominent stocks like VND decreased by 0.42%, HCM decreased by 0.18%.

Ly Hoa

SOURCEvietstock
Previous articleWorld’s largest petroleum company pays nearly $100 billion in dividends in 1 year
Next articleMany businesses lack sufficient legal collateral to borrow money