Green color returns to widespread coverage, most industries support the market’s uptrend. The withdrawal of money from the Central Bank, or the fear of selling pressure when stocks hit bottom… did not shake the market.
The uptrend continues, VN-Index has surpassed the previous peak set last week, reaching 1,270 points. Many stocks reached peak prices today.
The main contributor to the market’s uptrend continues to be the large-cap group, led by VCB. Closing, Vietcombank shares increased 1.7% to 96,000 VND/unit. The return of the “elder brother” VCB spread positive trading to the entire sector, with 26/27 stocks increasing, only EIB stayed unchanged.
The common increase in the sector was only 1-2%, but the simultaneous traction from the pillar group had a significant impact on the main index. The banking group with VCB, VPB, MBB, ACB, CTG, BID dominated the leading group. FPT, VIC, DGC also contributed to the impact.
In just 1 week, DGC of Duc Giang Chemicals had 2 sessions at the limit up, today continuing to reach a peak at 127,200 VND/share. DGC’s price increased by 35% since the beginning of 2024 and increased by 160% from the recent bottom in May 2023. DGC’s market capitalization reached 48,200 billion VND (1.9 billion USD), the highest level ever. Noteworthy trading in DGC coincided with the information that the company started selling lithium batteries – the final product in the electric vehicle industry.
Many midcap stocks hit the limit up in today’s session.
Money also returned to stock companies, focusing on small-cap stocks, pushing VDS, VIX, ORS, VCI to the limit up. SSI reclaimed the number 1 position in liquidity on the whole market, with a trading value of over 1,334 billion VND, significantly different from the stock in 2nd place – HPG, with 897 billion VND. Securities group dominated the top of high liquidity, with 4/5 representatives, respectively SSI, VND, VIX, VCI.
At the end of the trading session, VN-Index increased by 25.51 points (2.05%) to 1,270.51 points. HNX-Index increased by 4.17 points (1.78%) to 238.2 points. UPCoM-Index increased by 0.76 points (0.84%) to 91.53 points. Trading volume increased with the trading value on HoSE exceeding 23,500 billion VND. Meanwhile, foreign trading became a downside with a net selling of 515 billion VND, focusing on VNM, VHM, GEX, VND…
