Stocks rise for five consecutive sessions

VN-Index surpassed 1,150 points today, the fifth consecutive session of increase, but profit-taking pressure is getting stronger.

Green continued to be the dominant color of the market when VN-Index gained more than 6 points after today's session. The HoSE index has maintained green in all four previous sessions, surpassing short-term resistance levels. However, the market's continuous increase also encountered obstacles when selling pressure gradually increased.

Concerns about the psychology of withdrawing money in the days before Lunar New Year have caused many investors to choose to take profits to protect their achievements. Selling pressure increased sharply this afternoon when VN-Index approached the threshold of 1,160 points.

Many stocks from the ceiling price narrowed their increase to 3-4%, some codes returned to red, causing the VN-Index to close the session up only 0.57%, stopping at over 1,150 points - the fifth consecutive increase.

The bluechip group was the main support at the end of the session, with the VN30-Index closing up 11.5 points (1.01%) to 1,156.37 points. On the Hanoi Stock Exchange, the HNX-Index increased 0.4%, while the UPCOM-Index closed below the reference.

Market liquidity increased sharply, reaching more than VND28,300 billion. Of which, liquidity on the HoSE floor was nearly VND25,300 billion, an increase of nearly VND12,000 billion compared to the previous session - the highest level since December 7, 2023.

At the end of the session, HoSE had 299 stocks increasing in price, compared to 203 stocks decreasing.

Banking stocks were the mainstay of the market, while mid-cap and penny stocks were sold off. In the bluechip group, VCB was the stock that contributed the most to the VN-Index with nearly 2 points, when this code increased by 1.7% to 85,900 VND. MBB was the stock that increased the most with a margin of 5%, CTG added 3.6%, TPB, HDB exceeded the reference by more than 2%, SHB , TCB, VPB, VIB, ACB, SSB increased by more than 1%.

On the contrary, MSN and BCM closed down more than 1%, HPG, BID and GVR traded below reference.

In the mid-cap and penny groups, many stocks narrowed their gains due to selling pressure in the afternoon session. OGC hit the ceiling at the beginning of the session but closed up less than 4%. The HAG and HNG duo fell 3-4%. The real estate group mostly closed below the reference.

Minh Son

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