Stocks “bottomed out” in the last weekend session into investor accounts, but heavy selling pressure did not occur. However, liquidity decreased sharply, and the value of HoSE trading fell below the threshold of 20,000 billion dong.
Large stocks held the pace for the VN-Index, amidst remaining cautious cash flow. BID and GVR had the most positive transactions with a contribution of more than 2 points. GVR stands out with its skyrocketing increase. TCB, FPT, CTG, HPG, MSN, VCB… are also among the leading market stocks. The increase in the main index depends significantly on the large capital group, although differentiation is still happening. In the VN30 basket, 5 stocks gained in price, 8 stocks dropped in price, with an amplitude of no more than 1%.
Selling pressure eased off but money flow hasn’t returned yet, HoSE didn’t record any stocks traded over 1,000 billion dong. HPG led in liquidity with 905 billion dong, followed by SSI with 796 billion dong, MWG with 782 billion dong, VND with 743 billion dong… The banking sector – the pillar of the market – only traded more than 3,100 billion dong, absent from the top liquidity representatives.
Noteworthy transactions in the chemical group.
Money is seeking opportunities in sectors that have not seen significant increases in the recent wave, such as chemical stocks, rubber. GVR and DPR increased to their ceiling prices. DRI and PHR remained in green. The retail group still has heat, although some stocks have cooled down, narrowing the upward trend such as MWG, FRT, PET… Meanwhile, DGW is still maintaining its ceiling price.
The monetary tightening move by the State Bank did not cause a strong reaction to the stock market in today’s session. Mr. Huynh Minh Tuan – Chairman of the Board of Directors of FIDT Investment Consulting and Asset Management JSC – assessed that the issuance of promissory notes may partially tighten liquidity in the interbank market or the stock market, if it is continuously maintained in the coming time.
At the end of the trading session, the VN-Index increased by 9.51 points (0.77%) to 1,245 points. The HNX-Index increased by 0.19 points (0.08%) to 234.03 points. The UPCoM-Index increased by 0.11 points (0.12%) to 90.77 points. Liquidity decreased with the value of HoSE trading reaching over 19,551 billion dong, the lowest in half a month. Foreign investors net sold 210 billion dong, focusing on MWG, VIX, MSN…
