Stocks turn the tide

Trading below reference from late morning, cash flow unexpectedly poured in at the end of the day, helping VN-Index close the session up more than 6 points, ending a streak of 4 consecutive declines.

At the opening of today's session, the HoSE representative index tended to increase. However, the VN-Index soon fluctuated, sometimes falling below the reference, then increasing again but with a narrow amplitude. Late in the morning, selling pressure appeared, causing the index to fall below the reference.

The red color continued into the afternoon session. At around 2 p.m., buying and selling forces were in a strong tug-of-war, then investors suddenly gathered stocks in individual stocks with strong cash flow, causing the index to increase rapidly. At the end of the session, the VN-Index reached more than 1,111.7 points, gradually regaining the level of the previous weekend.

On the HoSE, 298 stocks increased, more than double the number of stocks that decreased. According to statistics from Vietcombank Securities Company (VCBS), active buying liquidity accounted for 65% of the market, showing that bottom-fishing cash flow is gradually returning.

Leading the market in terms of both liquidity and scores are the financial, industrial, real estate and raw materials groups. According to VNDirect, the top 10 stocks today are mostly real estate companies, led by CII, followed by EVG, NTL, LDG, HHV.

The real estate market is covered in green. This sector has three stocks with double-digit price increases (LAI, E29 and BVL) and four stocks reaching the purple ceiling (LDG, NTL, CII, ITC), but most of them have low liquidity. CII stock alone attracted more than VND434 billion in cash flow, the third highest on the HoSE with a market price increase of 6.9%. Many large stocks in the sector also increased sharply such as KBC, DXG, PDR, NVL.

The securities industry today holds two stocks with the highest liquidity in the market. VND recorded nearly 570 billion VND in transaction value, with a market price increase of 2.1%. Meanwhile, SSI had liquidity of nearly 488 billion VND, with a market price increase of 1.2%. Most stocks in this industry group accumulated more market value compared to the reference.

The liquidity of the entire Ho Chi Minh City Stock Exchange today decreased slightly to over VND13,600 billion. This is the lowest level since May 26. Foreign investors continued to net sell with a margin of over VND400 billion. VNM, SSI and VCB are the three stocks that recorded the most selling by foreign investors.

Siddhartha

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