Stocks surged on derivatives expiration day.

SGGPO 18/05/2023 18:18

During the derivatives expiration session, 20 out of 30 stocks in the VN30 basket rose, pushing the VN-Index up by nearly 9 points.

20 out of 30 stocks in the VN30 index rose during the derivatives expiration session on May 18th.

The Vietnamese stock market on May 18th witnessed a derivatives expiration session with relatively positive market performance. Typically, during derivatives expiration sessions, stocks in the VN30 basket tend to fluctuate very strongly. In this trading session, in the afternoon, a large amount of money flowed into the market, causing many blue-chip stocks in the VN30-Index to rise sharply, contributing to a VN-Index increase of more than 10 points at one point.

The VN30-Index group saw 20 stocks rise, including many strong gainers such as VHM (up 3%),FPT (up 1.7%), BCM (up 1.3%), and GAS (up 1.2%). Particularly noteworthy was the performance of the securities sector. Besides large-cap stocks like VCI (up 5.3%), FTS (up 4.8%), BVS (up 5.9%), SSI (up 1.6%), and HCM (up 1.8%), smaller stocks also surged, such as TVS (up 3.8%), BSI and IVS (up 3.3%), and VDS (up 2.7%). Furthermore, the banking sector maintained positive gains with VIB (up 3.13%), VCB (up 2.37%), and TCB (up 1.03%). The positive trend also spread to other sectors such as oil and gas, electricity, petroleum, and natural gas.

During this trading session, foreign investors also made net purchases of nearly 135 billion VND on the two official exchanges, including net purchases of over 104 billion VND on the HoSE exchange.

At the close of trading, the VN-Index rose 7.87 points (0.74%) to 1,068.31 points, with 205 gainers, 162 losers, and 67 unchanged stocks. On the Hanoi Stock Exchange, the HNX-Index also increased 0.15 points (0.07%) to 213.01 points, with 80 gainers, 82 losers, and 69 unchanged stocks. Market liquidity was quite good, with a total trading value on both HOSE and HNX exchanges of approximately 13,200 billion VND.

Source: https://www.sggp.org.vn/chung-khoan-tang-manh-trong-phien-dao-han-phai-sinh-post690230.html