Pillar stocks help the market continue to increase points

In the trading session on May 28, although falling stocks dominated, the market still increased thanks to support from large stocks.

On the Ho Chi Minh City Stock Exchange, in the morning session, the market moved positively with green appearing from the beginning until lunchtime. Notably, at one point, the VN-Index increased by more than 8 points, reaching nearly 1,348 points, surpassing the peak recorded in March. At the end of the morning trading session, the VN-Index stopped at 1,345.86 points, up 6.05 points.

In the afternoon session, selling pressure increased, causing the market to show red several times. Fortunately, by the end of the session, the VN-Index increased again thanks to the support of pillar stocks.

Closing the market, VN-Index stopped at 1,341.87 points, up 2.06 points (0.15%); VN30-Index reached 1,432.19 points after "increasing" 4.74 points (0.33%). This is the 4th consecutive session the market has gone up.

VIC contributed the most to the market in today's session. Screenshot

Declining stocks dominated with 139 stocks rising and 189 stocks falling. In the VN30 group, the number of stocks increasing and decreasing in price was 10 and 15 respectively.

The reason why the market still increased despite the number of stocks decreasing in price was thanks to large stocks. Of the 10 stocks with the largest capitalization, 6 stocks increased in price. Of which, the largest stock in the market was VIC, which increased by 2.65%, contributing 2.3 points to the VN-Index. Next was VHM with 1.35 points, VRE (nearly 0.8 points). Thus, Vingroup stocks were the stocks that provided the strongest support to the market in this session.

The increase and decrease in the industry groups were not too different. In the green group, healthcare, energy, and real estate were the most prominent sectors. On the other hand, transportation, consumer goods, and decoration decreased the most.

Liquidity reached over VND22,000 billion. Foreign investors were net sellers. This group bought over VND1,867 billion and sold over VND2,210 billion.

On the Hanoi Stock Exchange, the total transaction value reached 1,600 billion VND. At the end of the session, the HNX-Index increased by 1.77 points (0.8%), to 223.56 points; the HNX30-Index stopped at 453.35 points, up 5.58 points (1.25%).

Source: https://hanoimoi.vn/stock-market-continues-to-increase-703781.html