Securities and real estate stocks are bright purple, VN-Index jumps nearly 35 points

The Vietnamese stock market just closed the trading session on November 4 with a spectacular reversal, completely going against the general downward trend of the Asian region. From the pessimistic state in the morning, bottom-fishing demand and active cash flow returned strongly in the afternoon session, helping the VN-Index jump nearly 35 points, equivalent to 2.16%, to 1,651.98 points - the strongest increase since the beginning of October.

Cash flow explodes, stocks race to the ceiling, pulling VN-Index above 1,650 points

After several correction sessions that caused the VN-Index to lose nearly 150 points from its peak, a cautious sentiment prevailed in the market. However, the afternoon session of November 4 witnessed a sudden pivot, with a series of large-cap stocks reversing sharply, accelerating the main index. The daily fluctuation range reached 56.4 points, equivalent to 3.65%, a very rare level of fluctuation.

At 1:27, VN-Index fell to 1,600.56 points, down more than 1% and market breadth was only 34 gainers/273 losers.

However, immediately after that, bottom-fishing cash flow poured in strongly, triggering a strong recovery of pillar stocks. VHM, VCB, CTG, BID, TCB, VPB, HPG, MBB all reversed to increase by 2-5%, bringing the VN-Index back to the 1,650 point mark at closing.

Market breadth improved significantly, with HoSE recording 189 stocks increasing and 117 stocks decreasing. Notably, 22 stocks hit the ceiling, while dozens of other stocks increased by 2-6%, demonstrating the strong rebound of speculative cash flow and the recovery of investor confidence.

The focus of the trading session was on the financial - securities group, where purple spread across the board. SSI, VCI, VND, VIX, SHS, CTS, ORS, VDS all increased to the ceiling with explosive liquidity, strongly attracting short-term cash flow. The market's return to excitement and expectations for the fourth quarter's self-trading results are creating a clear driving force for this group.

The banking sector also recovered impressively. VPB hit the ceiling after reversing 8% from the lowest price in the morning; other codes such as TCB (+4.17%), CTG (+2.99%), BID (+2.16%), MBB (+3.9%), TPB (+3.6%), STB (+3.06%) all contributed to strengthening the index's upward momentum. The return of institutional money to the pillar group shows that market sentiment is shifting from defensive to proactive.

Real estate was the group with the strongest rebound in the afternoon session, with a series of stocks hitting the ceiling price such as DXG, CEO, DIG, KDH, TCH, PDR... Many mid-cap stocks recorded liquidity double the average in October, thanks to expectations that legal relief policies will be realized in the fourth quarter.

Steel and construction materials also recovered, HPG increased by 2.69%, NKG and KHG increased by 3-4% thanks to improved demand prospects from the civil market. The oil and gas group had PVD increase by 3.39%, while petrochemical stocks remained around the reference, reflecting more selective cash flow.

On the contrary, the technology group was under pressure to take profits,FPT decreased by 1.62%, slightly pulling the general index. Some small technology stocks also adjusted after a strong increase in the previous period.

Market liquidity remained high, reaching over VND38,050 billion, with HoSE dominating. The highlight was that foreign investors returned to net buying over VND4,700 billion, focusing heavily on financial and consumer stocks such as VIX (+334 billion), VPB (+163 billion), MSN (+144 billion), FPT (+88 billion), VSC (+60 billion).

This was the largest net buying session in many weeks, creating more psychological support and helping the market recover faster than expected.

According to MBS Securities Company, November usually has the second best return performance of the year, averaging +2.3% in the period 2015 - 2024. Investors have reason to expect the market to recover in the short term thanks to seasonal factors, although strong supporting information has not appeared, MBS's report stated.

Meanwhile, the analysis team of Nhat Viet Securities (VFS) believes that the market still needs more time to accumulate to form a sustainable price level. However, investment opportunities are opening up in cyclical sectors such as retail, real estate and banking, which benefit from loose monetary policy.

VFS also noted that short-term risks mainly come from the "information valley" after the third quarter business results announcement season, but the current price level is attractive enough to trigger a stronger return of cash flow in the coming periods.

The reversal session on November 4 is considered an important support to help the market relieve pressure after a period of deep correction. The fact that the VN-Index surpassed the 1,650-point mark with high liquidity and large net foreign buying shows that confidence is gradually returning.

If the recovery momentum is maintained and cash flow continues to spread, November will likely become the starting point for a new uptrend cycle for Vietnamese stocks, a truly purple month in both color and market psychology.

Source: https://thoibaonganhang.vn/stocks-and-bat-dong-san-tim-ruc-vn-index-bat-tang-gan-35-diem-173056.html