Stocks hit 3-year high

Cash flow into Vingroup stocks helped VN-Index maintain its four-session winning streak, reaching nearly 1,342 points, the highest level since May 2022.

VN-Index sets a series of 4 consecutive increasing sessions

Before today's session on May 28, many analysis groups recommended that investors gradually reduce their stock holdings to protect their gains after three consecutive sessions of increase. However, the reality shows that buyers still dominated sellers for most of the trading time.

The index representing the Ho Chi Minh City Stock Exchange therefore maintained green throughout the session, then closed at 1,342 points, up 2 points from the reference. This was the 4th consecutive increase, bringing the VN-Index to the highest price range in the past 3 years.

Compared to the bottom formed during the tariff fluctuations in early April this year, the index has recovered nearly 250 points, equivalent to 22%.

Today's market is again in a "green skin, red heart" state, meaning the index increased but the number of stocks decreased overwhelmingly. Ho Chi Minh City Stock Exchange had 139 stocks increase, while the number of stocks closing below the reference price was approximately 190 stocks. The large-cap basket was similar with 10 stocks increasing, while 15 stocks decreased.

Banking stocks were under strong selling pressure, causing the industry index to fall 0.2%. The leading stocks in this industry such as HDB, STB, VIB all fell more than 1%.

Retail and consumer groups such as VNM, MSN, PNJ also lost 0.5 - 1.2%.

The driving force for today's increase mainly came from 4 stocks related to Vingroup Corporation. VIC reversed from decreasing to increasing by 2.6%, to 97,000 VND and leading the list of stocks contributing the most to the VN-Index. VHM, VRE, VPL had increases ranging from 1 - 5.5%.

The oil and gas group also had a positive impact on the index when they all increased points, except for POW which kept the reference price of VND13,500. GAS and PLX, two large-cap stocks in this group, accumulated 0.6% and 2.2% respectively compared to the reference.

Market liquidity reached nearly VND22,420 billion, down more than VND2,500 billion compared to the previous session. The VN30 basket today contributed only VND8,800 billion to the total turnover on the Ho Chi Minh City Stock Exchange, showing a sharp decrease in demand for large-cap stocks.

VIX, a stock in the securities group, leads the liquidity ranking with nearly VND1,040 billion. SHB and VHM share the next two positions, reaching VND721 billion and VND667 billion, respectively.

Foreign investors continued to sell net for the fourth session, but the selling pressure decreased significantly compared to yesterday. This group sold net nearly 200 billion VND, while yesterday it was up to 1,100 billion VND.

Shares of Vietcap Securities (VCI) and Vinamilk (VNM) were under the strongest selling pressure, with VND101 billion and VND82 billion, respectively. In contrast, foreign investors invested heavily in Vinhomes shares with a net purchase value of more than VND123 billion.

PV (synthesis)

Source: https://baohaiduong.vn/chung-khoan-len-cao-nhat-3-nam-412655.html