Real estate stocks surge despite sharp drop in liquidity

SGGPO 11/16/2023 16:42

The market was pulled up again at the end of the session, so the VN-Index recorded its fourth consecutive increase, although the number of stocks that decreased was greater than the number of stocks that increased. In particular, the real estate - construction group was widely "covered in green" with many stocks increasing dramatically.

Real estate stocks increased sharply in the last session of the week.

The stock market trading session on November 16 was also the derivatives expiry session, which affected investor sentiment, causing liquidity to drop sharply. The market traded with the VN-Index down most of the time, but in the last minutes of the session, the market was pulled up, so the VN-Index closed up nearly 4 points.

The real estate - construction stocks showed their strength from the beginning when they were all covered in green, despite a sharp drop in liquidity. Many stocks increased quite strongly such as: DIG increased by 5.03%, HDC increased by 4.14%, PDR increased by 3.59%, TCH increased by 3.28%, NVL increased by 3.08%, DXS increased by 2.24%, NLG increased by 2.18%, DXG increased by 2.01%, IDC and KBC increased by 1.63%, SZC increased by 1.58%... Only the trio of Vingroup stocks, VHM, VIC and VRE, decreased but only by around 1%.

Besides the real estate group, the securities group also increased well with AGR increasing by 3%, VIX increasing by 2.75%, VND increasing by 2.44%, CTS increasing by 2.7%, SHS increasing by 2.26%, FTS increasing by 2.16%, MBS increasing by 1.9%, OGC increasing by 1.7%, VCI increasing by 1.22%, SSI increasing by 1.1%... The banking group had differentiation but fluctuated within a small range. Specifically, the stocks that decreased were TPB decreasing by 1.13%; SSB, MSB, MBB, LPB, EIB, BID decreasing by nearly 1%. On the contrary, VCB, ACB, CTG, HDB,SHB , OCB, SCB, TCB increasing by nearly 1%.

At the end of the trading session, VN-Index increased by 3.03 points (0.27%) to 1,125 points with 218 stocks increasing, 280 stocks decreasing and 100 stocks remaining unchanged.

At the end of the session on the Hanoi Stock Exchange, the HNX-Index also increased by 1.68 points (1.95%) to 229.56 points (0.20%) with 94 stocks increasing, 66 stocks decreasing and 59 stocks remaining unchanged. Market liquidity decreased sharply, with the total transaction value in the entire market being about VND 17,600 billion, down nearly VND 5,000 billion compared to the previous session.

After returning to net buying in the previous session, foreign investors continued to net sell nearly 121 billion VND on the HOSE floor.

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