In the context of a cautious sideways market, the market breadth was tilted towards the gainers with 525 gainers compared to 367 losers. All 3 exchanges still recorded 31 ceiling-hit stocks, of which, the HoSE had 9 stocks with the largest increase.
Quoc Cuong Gia Lai ’s QCG stock continued to increase, closing at the ceiling price of VND12,450, with a ceiling price buy surplus, marking the third consecutive ceiling price increase for this stock. It is still unclear what information is causing investors to bet heavily on this stock, causing the price to skyrocket in a short period of time.
Today's liquidity of QCG compared to the market is insignificant, reaching 3.34 million shares, but is high compared to the average of the past month for this code, reaching more than 900,000 shares per session.
QCG quickly regained its ceiling price status and had 2.6 million shares traded at the highest price of the session (Source: VDSC).
In addition to QCG, this session, VCS shares of Vietnam Container Joint Stock Company (Viconship) also hit the ceiling with a sudden volume of 13.4 million units, far exceeding the average of more than 5 million shares/session in the past month.
At Vinconship, there is expected to be personnel changes at the upcoming General Meeting of Shareholders when 3 members of the Board of Directors and 2 members of the Board of Supervisors have just submitted their resignations for personal reasons.
The group of stocks that increased to the ceiling today had 2 other codes besides QCG that increased to the ceiling, namely VRC and TN1, but the liquidity of these 2 codes was insignificant. Many codes had positive developments: FDC increased by 6%, LEC increased by 4.8%; VPH increased by 3.4%; DIG increased by 2.5%; DXG increased by 2.3%; HDG increased by 2.1%; ITA, CCL, NVL, ITC, CKG increased by over 1%.
Real estate stocks have recently attracted cash flow thanks to the warming market in some segments. In addition, according to the latest information, on March 26, 2024, Prime Minister Pham Minh Chinh directed ministries, branches, People's Councils, and People's Committees of provinces and centrally run cities to implement the 2024 Land Law.
In this document, the Prime Minister urged the promulgation of decrees detailing the implementation of a number of articles of the Land Law, as a basis for proposing to the National Assembly to allow the Land Law to take effect from July 1 instead of January 1, 2025.
The stock market in general in today's session continued to lack transactions of accounts located at VNDirect Securities Company (code: VND) because this company has not been able to fully restore the system's features.
While the index fluctuated and struggled, market liquidity reached more than 919 million shares, equivalent to VND24,060.7 billion, on HoSE and nearly 78 million shares, equivalent to VND1,656 billion, on HNX. The UPCoM market had nearly 39 million shares traded, equivalent to VND494.5 billion.
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