Stock market on October 20th: Tired of "ATC crashes," VN-Index heats up at ATC.

Tired of "ATC crashes," VN-Index heats up at ATC.

In mid-October, the stock market witnessed the phenomenon of "ATC crash." This means that while the market was trading normally, either slightly increasing or slightly decreasing at the beginning of the session, during the ATC trading period, the VN-Index suddenly plummeted, causing investors to suffer heavy losses.

During the October 19th trading session, the "ATC crash" phenomenon persisted, causing the October 20th session to start with much anxiety for investors. At the beginning of the session, the VN-Index fluctuated within a narrow range, with the electronic trading board constantly switching between red and green. However, from 11 am to 2 pm, red dominated, with the VN-Index falling by more than 10 points, signaling a "tearful" session for investors.

However, the stock market session on October 20th witnessed the opposite. While investors were bracing themselves for another loss, the VN-Index unexpectedly reversed course just before the closing auction. A massive influx of money into the market caused the electronic trading board to regain its positive momentum.

At the close of trading on October 20th, the VN-Index rose 20.18 points, or 1.86%, to 1,108.03 points; the VN30-Index increased 18.80 points, or 1.7%, to 1,123.69 points.

On the Ho Chi Minh City stock exchange, 389 stocks increased in price (25 hitting the ceiling price), 45 remained unchanged, and 122 decreased. The VN30 group saw 29 stocks increase in price and only 1 decrease. The rare blue-chip stock that closed the October 20th trading session in the red was SSB.

Stock market 20 10 ATC VN Index Hot ATC Figure 1 — After several sessions of sharp declines just before the ATC (Auction Closing Time) trading session, today, October 20th, the VN-Index unexpectedly heated up during the ATC session. (Illustrative image)

Liquidity remained a notable highlight of the stock market on October 20th. After yesterday's strong surge, today's trading volume on the Ho Chi Minh City exchange reversed sharply, falling to only 658 million shares, equivalent to 14,171 billion VND.

On the Hanoi Stock Exchange, the indices showed significantly faster gains than the VN-Index and VN30-Index during the October 20th trading session.

At the close of trading on October 20th, the HNX-Index rose 5 points, or 2.24%, to 228.45 points; the HNX30-Index increased 19.24 points, or 4.18%, to 479.78 points.

Liquidity on the Hanoi Stock Exchange dropped to very low levels. Only 97.4 million shares, equivalent to 1,837 billion VND, were successfully traded.

Stock and real estate prices surge to new highs.

While real estate and securities stocks plummeted to their lower limit during the October 19th trading session, they reversed course and both surged to their upper limit on October 20th.

Five stocks in the securities sector closed the trading session in the purple (indicating a significant price increase): BSI, HCM, CTS, ORS, and FTS. BSI rose by 2,450 VND/share to 38,050 VND/share; CTS increased by 1,500 VND/share to 29,100 VND/share; FTS gained 2,700 VND/share to 41,300 VND/share; HCM rose by 1,850 VND/share to 28,900 VND/share; and ORS increased by 1,050 VND/share to 16,050 VND/share.

In addition, many other stocks such as AGR, APS, EVS, IVS, MBS, SHS, PSI, VDS, etc., also experienced very strong upward movements.

In terms of the number of stocks hitting the upper limit, securities sector stocks lag far behind real estate sector stocks.

At the close of trading on October 20th, DIG increased by 1,300 VND/share to 20,350 VND/share, DLG increased by 130 VND/share to 2,080 VND/share, DXS increased by 1,050 VND/share to 16,750 VND/share, HAR increased by 230 VND/share to 3,630 VND/share, HDC increased by 1,950 VND/share to 30,450 VND/share, HDG increased by 1,700 VND/share to 26,450 VND/share, NLG increased by 2,200 VND/share to 58,000 VND/share,…

However, within the VN30 group, the sector with the strongest improvement was not securities or real estate, but retail. Blue-chip stocks in the retail sector saw the most significant gains.

At the close of trading on October 20th, MSN increased by 2,600 VND/share, equivalent to 3.92%, to 69,000 VND/share; MWG increased by 1,700 VND/share, equivalent to 3.95%, to 44,700 VND/share; HPG increased by 650 VND/share, equivalent to 2.74%, to 24,350 VND/share; VNM increased by 900 VND/share, equivalent to 1.26%, to 72,300 VND/share, etc.

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