Stock market on December 2nd: VN-Index rose more than 15 points, marking its 5th consecutive day of gains.

The market recorded its fifth consecutive day of gains, with the VN-Index rising by over 15.39 points to close at 1,717.06 points, equivalent to a 0.9% increase.

In fact, the VN-Index fluctuated throughout today's session, spending most of the time below the reference level due to the influence of blue-chip stocks.

VN-Index performance on December 2nd

This morning, Vingroup stocks corrected, putting significant pressure on the index. VIC fell 1.07%, VHM fell 1.31%, and VRE fell 2.87% during the morning session, while VPL still performed well, but not enough to offset the downward pressure within the same group.

The red color from these leading stocks spread to the entire market, causing most stocks to fall in price. At times, the HoSE recorded over 240 declining stocks, putting pressure on the index. The VN-Index fell to a low of 1,690.36 points, equivalent to a drop of more than 11 points. Worryingly, while the Vingroup group's rise pushed the index up, stocks in other sectors may not necessarily receive the same ripple effect. However, this morning's session showed that when these leading stocks correct, other stocks lose more heavily, and investors' portfolios may even suffer greater losses.  

VIC demonstrated its influence by reversing its trend in the afternoon session, rising from below the reference price, pulling the index up with it. Although liquidity in VIC was not as high as yesterday, the price recovery from a decline to a 1.89% increase transformed this stock from the one with the most negative impact on the index that day to the opposite side.  

Along with VIC, many stocks in the VN30 index also changed color. In the morning session, red dominated the VN30 basket with 21 stocks falling in price while only 8 increased, but by late afternoon, the situation reversed with 20 stocks rising and 5 falling. SAB even managed to surge to its ceiling price of 6.94% in the last 20 minutes of the day.  

The VN30 index recorded a series of stocks rising by over 1%, with four stocks gaining over 3%: TCB, GVR, VJC, and SAB. All four stocks maintained their positive performance throughout the session and improved further in the afternoon.  

Along with the reversal of VIC and VHM, a series of banking and financial stocks such as VCB, MBB, SSI, etc., also received more positive buying pressure in the afternoon session to reverse their positions.

In the declining group, only 5 stocks remained, with most experiencing slight declines of less than 0.5%. As a result, the VN30 index performed quite positively during the session, rising by 0.86%.  

Increased liquidity led to more positive trading activity in this basket. Trading value in VN30 reached over 13,000 billion VND, contributing nearly 60% to liquidity on the HoSE. Trading value on the HoSE also recovered and increased slightly to over 22,300 billion VND.  

Overall, the market remains heavily influenced by blue-chip stocks. In terms of numbers, the number of rising and falling stocks on the HoSE at the end of the day was not significantly different: 144 stocks increased in price - 149 stocks decreased.  

Today's sharp reversal also shows investors that the dominance of large-cap stocks means that money is still circulating in this group. The index is still rising, but the performance of leading stocks is putting the market in a state of strong tug-of-war, with the price fluctuation range on December 2nd reaching nearly 29 points, a difference between the lowest and highest prices.  

This means that investors who don't hold blue-chip stocks will continuously see their portfolios decline, and new money or money returning to the market will tend to seek out blue-chip stocks more often.  

Cash flow also received significant support from foreign investors. Foreign investors continued to be net sellers from the morning and only reversed course after 1:30 PM, with today's net buying value reaching 637 billion VND, the highest in the past month.  

Foreign investors were net buyers, mainly in the VN30 group, with a net buying value of 878 billion VND in VN30 stocks, including VJC, VIC, TCB, MBB, VNM,FPT , etc. This also means that most of the stocks experiencing net selling were outside the large-cap index basket. VIX was again subject to net selling, as were VPI, VCI, PDR, GEX, etc.

Source: https://baodautu.vn/chung-khoan-phien-212-vn-index-tang-hon-15-diem-co-phien-tang-diem-thu-5-lien-tiep-d448576.html