Cash flow continues to flood the stock market (June 22).
The stock market session on June 22 saw European and Asian markets plunge after the US Federal Reserve (FED) signaled that US dollar interest rates could rise again after a month of "rest."
Against this backdrop, Vietnamese stocks had a successful trading session. This achievement was due to abundant capital inflows.
Specifically, the stock market session on June 22nd opened strongly. The VN-Index quickly turned green. The upward momentum spread across most sectors as the VN-Index approached its previous peak around 1,125 points.
According to VCBS Securities Company, the positive investor sentiment is clearly reflected in the increased liquidity from active buying, accounting for more than 70% of total market liquidity. In addition, the demand for many large-cap stocks in the VN30 group such as VHM, BID, and VCB also had a positive impact on the index.
In the June 22nd stock market session, although the real estate sector stocks did not maintain their upward momentum, they still attracted capital, helping the VN-Index stay in positive territory. (Illustrative image)
At the close of trading on June 22nd, the VN-Index rose 6.84 points, or 0.61%, to 1,125.3 points; the VN30-Index increased 5.53 points, or 0.5%, to 1,117.6 points. It can be seen that large-cap stocks did not play a leading role in the market during the trading session on June 22nd.
The influx of capital into the stock market was the main factor maintaining the positive performance of the Ho Chi Minh City Stock Exchange. A total of 919 million shares, equivalent to VND 18,635 billion, were successfully traded. The VN30 group recorded 240 million shares, equivalent to VND 6,589 billion, in transactions. It is evident that capital is gradually shifting towards blue-chip stocks.
On the Hanoi Stock Exchange, the indices fluctuated sharply and nearly failed to maintain their positive momentum. At the close of trading on June 22nd, the HNX-Index closed at 231.91 points, up 0.14 points, or 0.06%; the HNX30-Index rose 1.66 points, or 0.38%, to 444.28 points.
Real estate stocks continue to attract investment.
During the June 22nd stock market session, the momentum was widespread across the market, with no single group playing a leading role. However, real estate stocks still stood out. Although they didn't maintain their upward trend, many stocks still rose sharply.
Among large-cap stocks, VHM increased by VND 1.10/share, equivalent to 2%, to VND 55,700/share; NVL increased by VND 150/share, equivalent to 1%, to VND 14,650/share; VRE increased by VND 200/share, equivalent to 0.7%, to VND 27,000/share; and PDR increased by VND 50/share, equivalent to 0.3%, to VND 17,350/share.
Penny and midcap stocks, particularly real estate stocks, saw significant upward momentum. Several stocks, such as NBB and QCG, even hit their upper limit.
At the close of trading on June 22nd, NBB hit its ceiling price, rising 1,000 VND/share to 15,850 VND/share; QCG increased 630 VND/share to 10,150 VND/share. DIG rose 1,350 VND/share, equivalent to 6.2%, to 23,050 VND/share. Earlier, DIG had reached its ceiling price of 23,200 VND/share.
Following NBB, QCG, and DIG in terms of growth rate are DXS (up 450 VND/share, equivalent to 5.1%, to 9,200 VND/share), DXG (up 650 VND/share, equivalent to 4.2%, to 16,000 VND/share), HQC (up 100 VND/share, equivalent to 2.2%, to 4,610 VND/share),…
In the near future, real estate stocks are still highly valued.
"We recommend that investors continue to maintain their stock holdings and remain cautious in the market's strong resistance areas. Investors should only increase their holdings in stocks that have shown good accumulation trends recently and have successfully tested support areas in sectors such as retail, chemicals, and real estate," VCBS advised investors.
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