Shares of HPG, HSG, NKG... all surged to the purple (indicating a significant price increase).

On January 17th, the stock market saw a positive trading session with only two trading days remaining before the Lunar New Year holiday in 2023. At the close of trading, the VN-Index rose 21.61 points, or 2.03%, to 1,088.29 points. Similarly, the HNX-Index also increased by 4.27 points, or 2.02%, to 215.15 points.

A series of stocks surged upwards. Steel stocks led the market, with many reaching their upper limit, including HPG, HSG, NKG, KKC, HMG, etc. Following closely were securities stocks, averaging nearly 4% gains, though none reached the same peak as the steel sector. The banking sector also saw widespread increases, contributing significantly to the VN-Index, including STB, TPB, MBB, CTG,ACB , and others.

Stocks rose sharply on January 17th, with steel stocks leading the way.

Dao Ngoc Thach

Conversely, among the basket of 30 blue-chip stocks on the Ho Chi Minh City exchange, only Sabeco 's SAB stock decreased by 1,500 VND to 187,000 VND. Meanwhile, VHM, which unexpectedly dropped sharply in the morning, was pulled up to 52,000 VND by the end of the session, an increase of 700 VND compared to the reference price.

Unexpectedly active trading, concentrated in banking, securities, and steel stocks, boosted market liquidity. A total of over 12,800 billion VND was traded on the two listed exchanges, nearly 30% higher than the average daily volume of the past week.

Thus, the VN-Index has surpassed the technical threshold of 1,065 points for two consecutive sessions. This gives investors more optimism ahead of the long Tet holiday in 2023. According to forecasts from several securities companies, the market is showing signs of entering a period of strong positive volatility, indicating that the VN-Index is likely to soon break out of its recent sideways trend and that capital flows may no longer be fragmented. However, the short-term sentiment indicator shows little fluctuation, suggesting that investors remain cautious about the current market developments.

Source: https://thanhnien.vn/co-phieu-hpg-hsg-nkg-dong-loat-tim-lim-1851542982.htm