Real estate and construction stocks still dominate

Stock market remains at its peak on July 13th.

Stock markets maintained their positive momentum on July 13th after reaching a peak this week. Maintaining its positive upward trend, the VN-Index opened in the green with optimistic sentiment, approaching the 1,160 point mark.

According to VCBS Securities Company's assessment, demand on July 13th was widespread across most sectors, with real estate and oil and gas stocks showing a significant increase of approximately 1%.

In addition, strong buying liquidity in large-cap stocks within the VN30 index contributed positively to the overall index during the July 13th trading session.

Stock market 13 7 real estate construction stocks still make the boss (image 1) — The stock market session on July 13th continued to see the VN-Index remain at its peak. Even more noteworthy, however, was the fact that real estate and construction stocks all hit their upper limit. (Illustrative image)

Unexpectedly, foreign investors resumed net buying near the end of the July 13th trading session, disbursing 151 billion VND worth of funds, focusing on selling SSI, VND, and MWG.

At the close of trading on July 13th, the VN-Index rose 11.22 points, or 0.97%, to 1,165.42 points; the VN30-Index increased 9.57 points, or 0.93%, to 1,156.11 points. Across the entire exchange, 334 stocks increased in price, 70 remained unchanged, and 97 decreased.

Notably, liquidity in the July 13th stock market session showed a slight downward trend. Nearly 807 million shares, equivalent to VND 16,684 billion, were successfully traded. The VN30 group recorded 210 million shares, equivalent to VND 6,057 billion, in transactions.

On the Hanoi Stock Exchange, blue-chip stocks supported the stock market on July 13th, with the HN30-Index showing a superior upward momentum compared to the overall market.

At the close of trading on July 13, the HNX-Index rose only 1.09 points, or 0.48%, to 229.97 points. Meanwhile, the HNX30-Index increased by 5.04 points, or 1.14%, to 447.93 points.

VCBS commented that investors still have expectations for the market in the short term. Given the current developments, the VN-Index will continue its main trend towards the 1,170 point area before facing greater correction pressure.

"We maintain our view and recommend that short-term investors take advantage of strong upward movements to realize profits and closely monitor the market during periods of volatility to repurchase shares in sectors such as chemicals, securities, and oil and gas," VCBS advised investors.

Real estate and construction stocks remain the dominant force.

The VN-Index continued to conquer new highs, but the focus of the stock market on July 13th remained on real estate and construction stocks. After a long period of dominating the market, stocks in these two sectors continued to hit their upper limits today.

At the close of trading on July 13th, DC4 shares settled at 11,000 VND/share after rising 700 VND/share. This marked the third consecutive session of hitting the upper limit for shares of DIC Holdings Construction Joint Stock Company.

Several other stocks also closed in the purple zone. DPG increased by VND 2,450/share to VND 37,650/share; HDC increased by VND 2,000/share to VND 31,200/share; HTN increased by VND 950/share to VND 14,900/share; HUB increased by VND 1,300/share to VND 20,300/share; NLG increased by VND 2,250/share to VND 34,650/share; TV2 increased by VND 2,150/share to VND 33,000/share,…

Not only stocks, but blue-chips in the real estate sector also improved significantly today. At the close of trading on July 15th, VHM rose 1,200 VND/share, equivalent to 2.2%, to 56,300 VND/share, while NVL increased 350 VND/share, equivalent to 2.4%, to 14,950 VND/share.

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