The trading session on November 20th concluded with an unexpectedly positive turn. The VN-Index rose by 6.99 points, a 0.42% increase, closing at 1655.99 points. This recovery occurred as foreign investors resumed net buying after a prolonged selling streak, coupled with strong leadership from large-cap stocks.
The standout performer was VJC (Vietjet Air), which surged dramatically, hitting the ceiling with a 7% gain, becoming the driving force behind the index’s upward movement. VIC also saw a notable 3.4% increase. Meanwhile, the banking sector continued to provide crucial support. Stocks like VPB (+1.6%), HDB (+1.6%), and SHB (+1.2%) all closed with positive gains.
VJC shares of Vietjet Air, chaired by Mrs. Nguyen Phuong Thao, became the focal point on November 20th.
However, liquidity remained moderate, reaching just over 19 trillion VND, and the market still experienced polarization. Only 120 stocks rose, while 86 fell and 179 remained unchanged. The VN30 group contributed significantly, gaining 11.26 points, with 12 stocks rising and only 5 declining.
Nevertheless, the return of foreign net buying was a pivotal factor in bolstering market sentiment, laying the groundwork for continued positive accumulation in upcoming sessions.
Specifically, after a concerning streak of net selling, foreign investors unexpectedly turned net buyers with 293.46 billion VND. This move not only provided liquidity support but also held significant psychological importance, alleviating concerns about foreign capital outflows.
Foreign funds focused on investing in key stocks such as VPB (net buying 180.54 billion VND), SSI (net buying 134.60 billion VND), and VIC (net buying 123.58 billion VND), reflecting selective investment and confidence in the prospects of leading enterprises.
Notably, November 20th marked the expiration of the VN30F1M futures contract for November. Typically, expiration days bring significant volatility, but the market proceeded smoothly. The VN30 index also recorded a positive gain of 11.26 points (0.6%), closing at 1897.46 points.
This stability indicates that investors were well-prepared psychologically and in terms of restructuring trades, helping the market avoid the major shocks often seen on expiration days.
The VN30F1M futures contract also rose by 12.3 points (0.65%), closing at 1898.1 points, demonstrating derivatives investors’ alignment with the base market’s upward trend.
Market Turmoil Unveiled: One Stock Defies Odds, Surges “Deep Purple” for Ten Sessions, Doubling in Value Within Two Months
The stock price has surged an impressive 115%, climbing steadily from just under 3,000 VND per share to a remarkable 6,740 VND.
Two Bank Stocks Hit Hard by Brokerage Firms’ Net Selling on November 20th
Proprietary trading firms extended their net selling streak on the Ho Chi Minh City Stock Exchange (HOSE), offloading a total of VND 48 billion worth of shares.
All Eyes on the Airline’s Stock
Today (November 20th) marks the expiration of November derivatives, with the trading session closing on a cautious note as investors adopted a wait-and-see approach. Amidst the subdued market, Vietjet Air’s stock (VJC) stood out, defying the trend with a remarkable surge to its ceiling price.
Foreign Investors Resume Net Selling on November 21: One Stock Brokerage Unloaded Over 700 Billion VND
Following a net buying session, foreign trading activity turned negative as foreign investors resumed net selling, offloading a total of VND 677 billion.
Foreign Investors Surprise the Market with a Buying Spree on November 20th, Targeting a Banking Stock After a Prolonged Selling Streak
Foreign investors have returned to the market with a net buy of VND 244 billion, marking a significant shift after 11 consecutive sessions of net selling.
