Stock market session 11/4: Money rushes in to catch the bottom, VN-Index increases the most in Asia

During the morning session, the index did not really form a clear trend. Although the majority of the morning session still increased positively with the main support from VIC, LPB, MBB, the index decreased again near the lunch break and stopped below the reference.

The breakthrough occurred 30 minutes into the afternoon session. At this time, the VN-Index dropped to its lowest point of 1,600.56 points, equivalent to a loss of more than 16 points. At the same time, this level was like a "switch" for strong cash flow to catch the bottom.

In fact, with the closing price of 1,651.98 points, the index had a very strong recovery, the gap between the closing price and the bottom was up to more than 51 points.

Vietnam's stock market today is the market with the strongest increase in Asia, while most markets are still falling and some places are increasing but not more than 1%.

VN-Index turned around and increased strongly after touching 1,600 points.

Considered to be the group with the strongest market reaction, leading the bottom-fishing demand today belongs to the securities group. SSI, VND, VCI, VIX are the codes that initiated the price increase.

Moving sideways throughout the morning and afternoon sessions, SSI suddenly increased sharply and quickly climbed to its highest price. The purple color remained firmly on this leading stock until the end of the session and closed at the highest price, the sell orders were quickly absorbed by the market and gradually there were no more sellers by the end of the session.

VIX also reversed and increased to the ceiling after a series of consecutive days of decline of more than 30% in the recent period, increasing 6.91% to 27,850 VND/share. Along with VIX and SSI, VND and VCI also turned purple.

The sudden increase in price with positive cash flow pushed the stock market price level up rapidly. The purple color spread to a series of other stocks. By the end of the day, the number of stocks hitting the ceiling was higher, including a series of other stocks such as VDS, ORS, CTS, DSE. On the Hanoi Stock Exchange, SHS also hit the ceiling by 9.62% while MBS increased by 8.57%.

A series of other stocks were listed at high prices and increased by over 4% such as EVS, APS, HCM, BVS, FTS, BSI,... TCX increased well by 5.88%, along with this capitalization, TCX became the stock that pulled the strongest price to the index with a contribution of nearly 3 points. In general, the increase of the Financial Services group today was up to 5.71%.

The stocks with the strongest increase on HoSE on November 4.

The positive sentiment from the stock market quickly spread to other sectors. Banking stocks received the signal and rose again. Many codes quickly changed color from red to green, even hitting the ceiling. After 2:20 p.m., the purple color increased more strongly on HoSE, with the number of stocks hitting the ceiling from 8 to 22 at the end of the session.

VPB is an example. Fluctuating throughout the morning session, red prices until the afternoon session and only really increased strongly in the second half of the day. Liquidity this morning was lower than yesterday, but in the afternoon, money suddenly poured in, bringing the trading volume to nearly 32 million units, up 28% compared to yesterday.

Along with that, EIB - TCB all increased by over 4%, MBB - TPB,VIB and STB increased by over 3% and a series of other codes in the industry increased by over 1%.

The real estate group also attracted strong cash flow. VRE increased again this morning, along with VIC to pull up the index, then in the afternoon session, the increase was even stronger, bringing the stock to the ceiling purple. The real estate group today had quite a few codes that suddenly increased to the ceiling from both large-cap stocks to mid- and small-cap stocks such as DXG, DXS, PDR, HDC, CEO, DIG...

Cash flow spread evenly and widely to different groups of stocks. VN30 recorded 3 stocks hitting the ceiling (SSI, VPB, VRE), 21 other stocks increased in price and 5 stocks still decreased (SAB, PLX, DGC,FPT , GAS), VN30 increased by 40 points, equivalent to 2.16%.

The increase in the group of small and medium stocks was also equivalent to the VNMID index increasing by 2.95% and VNSML increasing by 1.17%. On HoSE, 189 codes increased - 58 codes remained unchanged and 117 codes decreased.

Foreign investors agreed with the market when net buying 1,222 billion VND, focusing on net buying in securities, banking, real estate groups when collecting VIX, VPB, ACB, VCI, CII...

The Hanoi Stock Exchange also recorded a positive increase of 2.6%, the index increased by 6.73 points to 265.91 points. This increase also came from the increase in bottom-fishing cash flow after the index dropped to 255.61 points.

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