Stocks increase for 7 consecutive sessions, VIC shares explode

Cash flow continued to pour strongly into the stock market, causing the VN-Index to increase for the 7th consecutive session, during which time VIC shares hit the ceiling.

At the end of today's trading session (July 14), VN-Index closed at 1,470 points, up nearly 13 points from the reference and only 4% away from the historical peak, equivalent to 58 points. Cash flow spread, the order matching value on HoSE reached a high of 29,154 billion VND.

The market today continued to lean towards the buying side with 206 stocks closing above the reference, of which 15 stocks increased by the full range. Meanwhile, the number of stocks decreased by only 117 stocks.

Two pillar stocks of Vingroup group contributed about 5 points to VN-Index. VIC accumulated 4.6% to 113,000 VND, while VHM increased 1% to 88,800 VND.

Stocks increased for 7 consecutive sessions. (Illustration photo).

Notably, at the end of this morning's session, the strong increase in absorption demand helped VIC recover strongly after a period of "weakness" in the middle of the morning session and recorded an increase of 6.9% to the ceiling price of VND 115,500/share, contributing more than 7.2 points to the general index.

At the end of the session, other real estate stocks were also in an upbeat mood. The pair of Dat Xanh stocks, DXG and DXS, both hit the ceiling, with no sellers at the end of the session. LDG extended its ceiling-hit streak with liquidity soaring to nearly 43 million shares. Other stocks in this group such as PDR, DIG, SCR, CEO, and KDH had a more modest increase of about 3%.

The banking group was also the main driver of the index's increase. VPB today reached its highest price in the past 3 years (VND21,000) and led the price increase in this group. EIB, OCB, BID, STB, MBB shared the next positions when increasing by 0.4-3.3%. On the other hand, some pillar stocks of the banking group such as CTG, VCB, SHB ... closed below the reference price although the amplitude was not large.

On the HNX floor, the HNX-Index increased by 0.8 points, equivalent to 0.33% to 239.61 points. The total matched volume reached more than 137 million units, worth VND2,272 billion.

Regarding foreign investor transactions, after many consecutive sessions of net investment of thousands of billions, foreign investors suddenly "slowed down" to net buy only 41 billion VND in today's session.

Ngoc Vy

Source: https://vtcnews.vn/chung-khoan-tang-7-phien-lien-tiep-co-phieu-vic-bung-no-ar954300.html