VIC shares lead the market recovery

After two sessions of deep decline, on September 9, the stock market reversed, increasing nearly 13 points with strong support from VIC stock.

On the Ho Chi Minh City Stock Exchange, total transaction value reached more than VND31,000 billion, down sharply from VND53,000 billion in yesterday's trading session.

The two codes with liquidity of over VND2,000 billion are HPG and SSI. The decrease in liquidity in the context of market recovery shows that selling pressure has cooled down a lot.

VIC stock provided the strongest support for the market on September 9. Screenshot

After the net buying session on September 8, foreign investors returned to net selling. This group bought more than VND3,341 billion and sold more than VND4,212 billion.

In today's trading session, the market fluctuated within a not-so-wide range, the market decreased mostly in the morning session but in the afternoon session, most of the trading time was green. Closing, VN-Index stopped at 1,637.32 points, up 12.79 points (0.79%); VN30-Index reached 1,825.17 points after "increasing" 17.95 points (0.99%).

Increasing stocks dominated with 168 stocks going up and 130 stocks going down. In the VN30 group, the number of stocks increasing and decreasing in price were 15 and 11 respectively.

Unlike the previous session, today, the industry groups that increased points dominated. Of which, media and entertainment, securities, essential aviation trade, and real estate were the most positive industries.

The two pillars of the real estate industry, VIC and VHM, strongly supported the market. The second largest stock in the market, VIC, increased by 3.36%, contributing the most to the VN-Index with nearly 3.9 points, while VHM contributed 1.34 points.

Banking stocks accounted for 3 codes in the group of 10 codes with the strongest support for the market, including VPB (2.28 points), TCB (0.83 points), HDB (0.53 points). The securities group had 2 codes: SSI (0.85 points), VIX (0.74 points).

The industry groups decreased with a not strong decrease, all under 1%.

On the Hanoi Stock Exchange, at the end of the session, the HNX-Index increased by 3.25 points (1.2%), to 274.82 points; the HNX30-Index reached 605.95 points after increasing by 10.29 points (1.73%). The total transaction value reached more than 2,000 billion VND.

Source: https://hanoimoi.vn/co-phieu-vic-dan-dat-thi-truong-hoi-phuc-715543.html