VN-Index almost went below the reference all day before bluechip buying appeared in the ATC minutes, helping the index close the session up more than 7 points.
The HoSE index opened with a gain but was quickly pulled down below the reference level by selling pressure. However, the negative sentiment did not spread too widely, helping the market successfully defend the 1,080 point mark.
At around 2:10 p.m. - the time when the sell order was activated on a large scale yesterday - the index lost a lot of points, dropping about 12 points in just a few minutes. However, the sudden demand appeared in the last minutes of the session, helping the VN-Index recover and close at 1,095.6 points, accumulating more than 7 points.
The market fell into a state of "green skin, red heart" when 381 stocks decreased, while the number of stocks increased in price was only 146. The bluechip group played an important role in today's score improvement session when in the VN30 basket, there were 17 stocks in the green. Steel stocks (HPG), banking (BID, CTG) and retail (MWG) contributed greatly to the recovery of VN30.
Securities are the group of stocks supporting the market. Many codes with large liquidity increased by more than 3% such as VIX, SSI, SHS, VND, VCI. MBS alone increased by 8% to 21,500 VND per share.
Real estate stocks also recorded positive developments. NVL, PDR, KBC and NLG all increased by more than 3%. This industry also recorded SZC reaching its ceiling price of VND43,250 per unit.
The score and liquidity on the HoSE continued to move in opposite directions. The total transaction value today decreased by more than VND1,400 billion, to about VND19,200 billion. The positive point is that foreign investors returned to net buying nearly VND400 billion.
Vietcombank Securities (VCBS) forecasts that in a positive scenario, the VN-Index will still move sideways in a stable range (sideway) around the 1,080-1,130 point area. This analysis group recommends that investors remain cautious, only disbursing bottom-fishing funds from 20-30% of the account for stocks showing signs of bouncing at the support zone.
Siddhartha
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