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| Capital flows back into blue-chip stocks, VN-Index rises by more than 17 points. |
Closing the trading session on January 19th with positive developments, the VN-Index rose 17.46 points, equivalent to 0.93%, to 1,896.59 points, approaching the important psychological threshold of 1,900 points. The upward momentum was reinforced by the strong recovery of large-cap stocks, especially industrial real estate, energy, and banking stocks. Market liquidity remained high, reaching nearly 36,200 billion VND, indicating that capital is still staying in the market.
On the HoSE exchange, 167 stocks rose, 153 fell, and 57 remained unchanged. In terms of impact on the index, VIC, GAS, GVR, BID, VPB, and PLX were the biggest contributors to the VN-Index's upward momentum. Notably, the index closed at its highest point of the day, reflecting strong buying pressure throughout the afternoon session.
The day's developments showed that market sentiment was under considerable pressure in the morning, with the VN-Index sliding and red dominating. Even at the beginning of the afternoon session, the index briefly fell below the reference level. However, thanks to strong upward momentum from blue-chip stocks, the market quickly reversed course, recouping all previous losses and entering a stable upward trend.
Statistics show that 19 out of 30 stocks in the VN30 index increased in price compared to the morning closing price, while only 8 experienced significant declines. The Vingroup stocks played a prominent role: VHM, after a 1.69% drop in the morning, reversed course and rose 2.46% in the afternoon, closing 0.73% above the reference price. VIC also showed significant improvement, increasing by 1.19% compared to the morning closing price and ending the session at +1.31%.
The banking sector, a familiar pillar of the market, continued to show stability. Although not rising uniformly as in previous sessions, many large-cap stocks maintained their gains. BID increased by 1.76%, VPB by 2.6%, CTG by 1.01%, TCB by 1.4%, and MBB by 1.66%. Even VCB, a stock that had previously exerted significant pressure on the index, narrowed its decline to 0.41%. Within the VN30 basket, only a few stocks such asVIB , TPB, STB, and LPB saw slight declines.
Besides the VinGroup and banking sector, many other blue-chip stocks also recorded positive performance. The energy sector became an important pillar, with PLX surging 6.92%, at one point approaching its ceiling price. GAS increased by a total of 6.01%, and GVR by 5.85%. PLX and GAS alone contributed more than 4 points to the VN-Index. In addition, BSR increased by 3.23%, PVS by 2.6%, and OIL by over 2%, showing that capital flows were fairly evenly distributed across the oil and gas and energy sectors.
Industrial real estate stocks continued to be a focal point for investment. KBC surged by 6.74% with explosive trading volume, IDC rose nearly 10%, SZC increased by 5.93%, and DLG gained 6.87%. Meanwhile, VHM and VRE maintained their gains, contributing to the overall momentum of the real estate sector. This development reflects investors' positive expectations for the new wave of investment and the prospects for Q4 business results.
Despite a fairly good increase in the index, market breadth was not clearly defined. The market size at the end of the session did not improve compared to the morning; in fact, the number of declining stocks increased. The number of stocks rising by more than 1% only edged up slightly, while the number of stocks falling by more than 1% increased. This indicates that the current upward momentum remains concentrated, mainly based on leading stocks.
In the mid-cap group, the market showed divergence but was relatively balanced, with 34 stocks rising and 26 falling. Several midcap stocks traded actively, such as VIX (up 5.26%), PNJ (up 6.04%), KBC (up 6.74%), BSR (up 3.23%), GEX (up 1.72%), and CII (up 1.34%), with trading values exceeding 200 billion VND for each stock. Conversely, some stocks faced downward pressure, such as HCM, DXG, KDH, PC1, and BVH, but liquidity was not exceptionally high.
A notable highlight of the session was the activity of foreign investors. Foreign investors returned to strong net buying of over 505 billion VND on the HoSE, ending a prolonged period of net selling. Within the VN30 basket alone, net buying reached nearly 590 billion VND, focusing on banking, oil and gas, and materials stocks such as GAS, CTG, PLX, HPG, and KBC. Conversely, foreign investors took profits in some stocks like HCM, VRE, and MSN.
Source: https://thoibaonganhang.vn/blue-chips-dan-dat-vn-index-but-pha-manh-cuoi-phien-176776.html
