Stock prices reversed course and rose sharply.

SGGPO October 6, 2023 16:06

Leading stocks reversed course and surged, contributing to a broader positive market sentiment during the final trading session of the week.

VN-Index reversed course and rose sharply in the final trading session of the week.

The Vietnamese stock market on October 6th saw a strong recovery in the securities sector. Many stocks surged, such as VND and VIX hitting their upper limit; ORS increased by 5.12%, SSI by 4.11%, and VDS by 3.08%. The recovery of this group of stocks, dubbed the "pioneers" of the market, helped alleviate investor concerns and spread positive sentiment to other sectors.

The banking sector stocks also surged, contributing significantly to the market's sharp reversal and upward movement. Specifically, STB rose 3.51%, BID 1.44%, CTG 2.14%, EIB 2.4%,OCB 2.32%, VCB 1.07%, and so on.

Construction and real estate stocks also leaned more towards green, with HTN and NBB hitting the ceiling price, KDH increasing 3.87%, HDC increasing 3.85%, DIG increasing 2.29%, HDG increasing 2.4%, KBC increasing 2.76%, VCG increasing 4.72%, etc.

In addition, the retail stock group also recovered quite well, with DGW increasing by 5.45%, PET by 3.19%, FRT by 3.28%, MWG by 2.77%, etc.

Another factor supporting the market is that foreign investors have stopped selling and returned to net buying of nearly 137 billion VND on the HOSE exchange.

At the close of trading, the VN-Index rose 14.65 points (1.32%) to 1,128.54 points, with 372 stocks gaining, 118 stocks losing, and 67 stocks remaining unchanged.

At the close of trading on the Hanoi Stock Exchange, the HNX-Index also increased by 2.44 points (1.07%) to 230.45 points, with 112 stocks rising, 52 falling, and 64 remaining unchanged. Market liquidity decreased compared to the previous session. The total trading value across the entire market was nearly 14,500 billion VND, of which HOSE accounted for nearly 12,800 billion VND.

Source: https://www.sggp.org.vn/co-phieu-chung-khoan-dao-chieu-tang-manh-post708687.html