Stock market reverses course at the end of the trading session.

SGGPO 01/11/2023 16:17

Unlike previous sessions, where the index often dropped sharply in the final minutes, in this trading session, the VN-Index was strongly pulled up at the end of the session, recording a rather impressive recovery at the beginning of November after a sharp decline in October.

Stocks in the securities sector surged in the first recovery session of November.

The Vietnamese stock market staged a late-session comeback on November 1st, pushing the VN-Index up nearly 12 points, recovering approximately 20 points from its lowest point during the session.

Stocks in the securities and real estate sectors, which had plummeted in the previous session, recovered well, creating a positive sentiment among investors.

In particular, the securities sector stocks recovered earliest and strongest in the market, with many stocks hitting or nearing their upper limit. Specifically: AGR, ORS, CTS, SHS hit their upper limit, VCI increased by 6.75%, HCM by 6.56%, VIX by 6.22%, VND by 6.44%, SSI by 5.44%, FTS by 4.94%, HBS by 4.76%, SBS by 3.39%, VDS by 4.65%...

Real estate stocks also recovered positively, with KBC rising 4.71%, HDC 2.69%, DIG 1.98%, HDG 1.39%, DRH 1.27%, DXG 1.2%, HQC 4.1%, VCG 3.95%, HHV 6.3%, CII 4.68%, BCG 6.13%, IDC 1.18%, NVL 1.55%, SCR 3.45%, and so on.

Manufacturing stocks also rebounded: VNM rose 3.53%, HPG rose 4.13%, MSN rose 2.23%, GVR rose 2.37%, DGC rose 1.65%, SAB rose 1.23%...

Although the banking sector showed mixed performance, many large-cap stocks also maintained positive gains: VCB increased by 1.15%, TCB by 1.81%, STB by 2.41%, andACB , SSB, MBB, and HDB increased by nearly 1%...

At the close of trading, the VN-Index rose 11.47 points (1.12%) to 1,039.66 points, with 319 gainers, 177 losers, and 71 unchanged stocks. On the Hanoi Stock Exchange, the HNX-Index also increased 3.48 points (1.69%) to 209.65 points, with 103 gainers, 63 losers, and 54 unchanged stocks. Market liquidity decreased in the previous session, with a total trading value of VND 15,200 billion.

Despite a reduction in net selling pressure, foreign investors still net sold 88 billion VND on the HOSE exchange. The two stocks with the strongest net selling by foreign investors were VHM with 683.07 billion VND and MWG with 187.68 billion VND, causing both stocks to fall sharply. VHM decreased by 1.41%, and MWG continued its second consecutive day of limit-down trading, hindering the rise of the VN-Index.

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