Stock market update, November 13th: Will large-cap stocks continue to lead the market?

(NLDO) - Fluctuations in large-cap stocks have led the market trend. This trend may continue in the November 13th trading session.

At the close of trading on January 12th, the VN-Index closed at 1,642 points, up 10 points (+0.63%).

Opening on November 12th, the VN-Index continued its upward trend from the very first minutes thanks to widespread gains in the banking sector (VCB +2.1%, BID +1.8%, CTG +2.3%) and retail sector (MWG +3.2%, PNJ +2.7%). The VN-Index quickly surpassed the 1,640 point mark after only 30 minutes of trading.

Notably, the Vingroup group maintained its leading position with VIC (+4.1%), VHM (+2.9%), and VRE (+3.5%) all surging. The essential consumer goods group also played a significant role, with VNM (+2.6%) and MSN (+1.9%) attracting strong capital inflows.

Entering the afternoon session, profit-taking pressure increased in some large-cap bank stocks, causing the VN-Index to narrow its range and retreat to the 1,635 point level. However, bargain-hunting demand quickly entered the market, helping the VN-Index recover and close at 1,642 points, up 10 points (+0.63%).

According to Vietcombank Securities (VCBS), the upward trend is being reinforced by large-cap stocks. The VN-Index is likely to test the 1,650-point peak in the next 1-2 sessions if the banking sector and Vingroup maintain their upward momentum.

The research team at the Securities Company believes that retail and consumer stocks are in a breakout phase. Investors can consider making exploratory investments during corrections, prioritizing stocks with improved liquidity.

However, MB Securities Company advises against short-term risks stemming from profit-taking pressure and exchange rate fluctuations. Investors should manage their portfolio weightings and avoid using high levels of margin in stocks.

Source: https://nld.com.vn/chung-khoan-ngay-13-11-co-phieu-lon-tiep-tuc-dan-dat-thi-truong-196251112162056038.htm