Stocks surge on news of KRX's early operation

SGGPO November 20, 2023 17:25

VN-Index turned up nearly 20 points in the session because of the bottom-fishing cash flow pouring into the market. The group of stocks that "piloted" the market is the stock that increased strongly, because of the information that the KRX system is being tested and will officially operate at the end of December 2023.

Stock group increased strongly

The Vietnamese stock market opened the first trading session of the week on November 20 with a sharp drop due to intense selling pressure. However, from the deepest drop of nearly 16 points in the morning session, in the afternoon session, the VN-Index at one point rebounded by 10 points but at the end of the session, the increase narrowed, only increasing by nearly 3 points. Although the VN-Index ended the session with an increase, the number of stocks decreasing was greater than the number of stocks increasing.

With positive information from the KRX system which will soon be put into operation at the end of this year, the group of securities stocks increased the most with BSI hitting the ceiling, VND up 4.69%, VIX up 4.32%, AGR up 3.33%, CTS up 5.62%, FTS up 3.54%, HBS up 4.94%, HCM up 2.26%, SHS up 3.45%, SSI up 2.86%, VCI up 2.36%...

The banking group was differentiated but leaned towards red: EIB decreased by 1.08%, MBB decreased by 1.1%; MSB, OCBACB, CTG, STB, TCB decreased by nearly 1%... On the contrary, there were a few stocks that increased by more than 1% such as: HDB, VPB, TPB...

Real estate stocks were also strongly differentiated but leaned towards green. Stocks that increased included: SZC increased to the ceiling, TCH increased by 2.38%, IDC increased by 2.02%, KBC increased by 1.91%, DIG increased by 1.56%, DXG increased by 1.77%, PDR increased by 1.24%, VIC increased by 1.18%... On the contrary, CII, HDC, LDG, TDC decreased.

At the end of the trading session, VN-Index increased by 2.47 points (0.22%) to 1,103.66 points with 203 stocks increasing, 314 stocks increasing and 98 stocks remaining unchanged. At the end of the session at Hanoi Stock Exchange, HNX-Index also increased by 1.23 points (0.54%) to 227.77 points (0.54%) with 73 stocks increasing, 80 stocks decreasing and 70 stocks remaining unchanged.

Market liquidity decreased sharply compared to the session at the end of last week but still remained at a good level with a total transaction value in the whole market of nearly 19,400 billion VND. Of which, the HOSE floor had liquidity of nearly 17,000 billion VND, down 7,000 billion VND compared to the session at the end of last week.

Not only did domestic investors' bottom-fishing cash flow pour into the market, but foreign investors also ended their previous net selling streak, returning to net buying nearly VND466 billion on the HOSE floor.

Source