Real estate stocks, securities keep the market pace

The stock market on December 4 continued to record positive developments, despite the shaking force appearing in the banking group, the strongest leading group in the previous session. Flexible cash flow to real estate and securities helped VN-Index maintain green and extend the increasing streak to the 7th consecutive session.

Cash flow pivots, VN-Index extends 7-session winning streak

Following the euphoria after the explosive session on December 3, when the index surpassed the psychological mark of 1,730 points, the market opened the morning session in a positive mood. However, as warned by many securities companies before trading hours, short-term profit-taking pressure quickly appeared when the VN-Index approached a higher resistance zone. At the HoSE floor, Vingroup stocks adjusted down, the increase of the banking "king" group also cooled down, causing the index to fluctuate significantly. At the end of the morning session, the VN-Index decreased by 1.88 points to 1,729.89 points.

In the afternoon session, green returned across the board. At one point, the index increased by nearly 10 points and surpassed the 1,740-point mark, before narrowing its gains towards the end of the session due to short-term selling pressure. At the close, the VN-Index increased by 5.47 points, equivalent to 0.32%, to 1,737.24 points. The VN30 index showed better strength with an increase of 7.54 points, reaching 1,979.53 points.

The highlight of the session on December 4 was the smooth movement of cash flow. When the banking group temporarily slowed down, real estate and financial services (securities) became the “torches” that helped the market maintain its green color.

The real estate group was the focus when green covered the entire board. Mid-caps attracted strong cash flow: DXG increased by 3.2%, PDR increased by 2%, CEO increased by 1.5%. Notable codes such as TAL increased by 4.7%, VPI increased by 3.6%. Although VHM decreased by 1.5%, the heat from satellite codes helped balance the psychology and maintain the general momentum.

The securities group also recorded a positive trading session, benefiting from expectations that liquidity would continue to remain at a high level. VIX increased by 3.1%, SHS increased by 2.8%, MBS increased by 1.7%. Large codes such as SSI, HCM, VCI all maintained green, reinforcing expectations of a sustainable growth in the final period of the year.

Although the banking group is no longer in a "green-purple" state like yesterday, it still plays a pivotal role in the market. In the VN30 basket, MBB made the strongest impression when it increased by 4.7% to 25,700 VND, trading more than 80 million shares - the highest liquidity level in the whole market. HDB and LPB also contributed positively with increases of 2.2% and 1.9%, respectively.

On the contrary, Vingroup's pillar codes such as VIC (-0.89%) and VHM (-1.5%) became the main resistance, pulling down the VN-Index by a total of 3.5 points.

The entire floor recorded positive breadth: 217 codes increased, 91 codes decreased and 65 codes remained unchanged, reflecting that investors were still excited and ready to disburse when the market fluctuated.

Liquidity continued to remain high with a total trading value of over VND25,300 billion on HoSE. The VN30 basket alone contributed over VND14,000 billion. Active buying power clearly dominated, with over VND15,673 billion poured into stocks that increased in price, 3 times the amount sold.

Foreign investors maintained a strong net buying trend, buying more than VND 3,608 billion and selling nearly VND 2,565 billion, contributing significantly to helping the market maintain its upward momentum.

Although the VN-Index spent most of the time below the reference, the maritime transport group became the positive highlight of the session. VOS closed at the ceiling price; VSC increased by more than 6%; SGP increased by 2.55%; SSG increased by 2.5%; PVT and PVP also increased by 1.3% and nearly 1.8%, respectively.

The upside momentum came from a positive performance of the Baltic Dry Index (BDI), a measure of global bulk shipping costs, which rose 9.4% to 2,845 points, up more than 45% in a month and 141% higher than at the beginning of the year. This development was immediately reflected in the rise of shipping stocks.

Regarding the third quarter business results, the shipping group recorded a strong differentiation: HAH increased its profit by 27.5%; VOS had a sudden profit thanks to the sale of ships; while VNA continued to suffer losses. However, the industry's outlook in the fourth quarter is assessed cautiously as freight rates may cool down and domestic competition increases.

On the Hanoi Stock Exchange, the HNX-Index increased by 1.02% to 262.31 points; the HNX30 increased by 1.52% to 577.49 points. Liquidity reached nearly VND1,700 billion.

With an increase of 5.47 points, VN-Index has extended its consecutive increase to the 7th session, since November 26, with a total increase of 76 points. Although some pillar groups are showing signs of slowing down, flexible cash flow allocation and high liquidity continue to be key factors to maintain the market's growth in the short term.

Source: https://thoibaonganhang.vn/co-phieu-bat-dong-san-chung-khoan-giu-nhip-thi-truong-174640.html