HNX-Index surges by over 1.2 points, reaching 244.38.
Banking stocks shine once again, with their momentum spreading across the sector. HDB leads in liquidity and surges by more than 3%.
Securities stocks are also predominantly in the green, with 21 out of 27 stocks rising, and the rest remaining unchanged. SSI, VND, VCI, MBS, SHS, HCM, and FTS are all up. MBS recently kicked off the Q2 earnings season with a 75% profit increase. The financial results of this sector are expected to be positive, which could be a catalyst for stock prices.
The market’s trading value for the morning session exceeded VND 12,600 billion.
10:40 am: Green Dominates, FPT Still Under Selling Pressure
Overall, buyers remain dominant in the first half of the morning session. The market breadth tilts towards buyers, with 350 stocks rising and over 270 declining.
Market sentiment has turned positive, with trading value in the early session higher than the previous day, reaching over VND 8,000 billion in one and a half hours.
Chemicals and fertilizers stocks continue their strong performance at the opening. Insurance stocks follow suit, with green across the sector. BVH, PVI, VNR, MIG, BIC, and BMI are all performing well.
Information technology stocks are at the bottom of the pack, with most stocks in the red. FPT drops by more than 2 points, while CTR, CMG, and FOX witness minor declines.
Foreign investors continue to sell, focusing on FPT. By 10:40 am, net selling in this tech stock has reached nearly VND 300 billion.
Opening: Chemical and Fertilizer Stocks Shine
On July 9, the market opened in the green, with both the VN-Index and HNX-Index climbing. At 9:20 am, the HOSE index was up nearly 4 points, while the HNX index gained over 1.3 points.
Chemical and fertilizer stocks surge at the start. Source: VietstockFinance
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Extending yesterday’s gains, rubber and chemical stocks surged in the first few minutes of trading. GVR led the market with a 5% increase.
CSV continued its upward momentum, previously recording four consecutive ceiling-priced sessions. DDV also rose by nearly 7%.
Fertilizer stocks shone with a series of ceiling-priced stocks, including BFC, LAS, DBH, and SFG. DCM was up by 2.6%.
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