VIC shares and the rest of the stock market

(NLDO) - The market ended the week in a "green exterior, red heart" state when the VN-Index increased points thanks to the strong rebound of VIC stock, while the rest weakened.

In the trading session on December 5, the market faced great profit-taking pressure, causing many stock groups to adjust, especially mid-range real estate and securities, sectors that had increased strongly before.

However, the decline did not turn into a negative chain effect thanks to the sudden large cash flow into the pillar group, in which VIC of Vingroup Corporation was the focus.

This stock increased to the ceiling (7%) on the day of closing the right to receive bonus shares at a ratio of 1:1 and closed the session at VND 142,800/share (adjusted price).

Large capital flows into the largest stocks in the market pulled the VN-Index up more than 4 points, closing the session at 1,741.32 points, although the market breadth was tilted towards the downside with 211 red stocks, only 101 green stocks and 54 stocks remaining unchanged.

In the same "family", VHM (Vinhomes) also maintained a good pace with an increase of 1.7%, reaching 107,000 VND. Thanks to this pair, the real estate industry index recorded a growth of 2.39%, leading the whole market.

Ironically, while the "big brothers" of real estate are thriving, the mid-range real estate group is in the red. A series of "national" codes such as CEO down 3%, DXG down 2.6%, DIG down 1.2%... are submerged in red.

VIC shares and the rest of the market. Photo: AI - V.Vinh

Similarly, after completing the task of pulling the index above the 1,730 peak in previous sessions, the banking and securities groups have entered a necessary rest period.

The VN30 basket recorded a decrease of 4.03 points (-0.20%), to 1,975.5 points, mainly due to the weakness of the financial group. Most banking codes decreased: MBB (-2.1%), TCB (-2%), STB (-2%), VPB (-1.3%)...

The stock market was not doing any better as red was widespread. Leading stocks such as SSI (-1.7%), VND (-1.6%), HCM (-0.7%) all turned down due to strong selling pressure. The general financial sector index fell 1.25%, becoming the biggest burden hindering the market's growth.

Another negative point is the strong net selling of foreign investors. They net sold 605.21 billion VND in the whole market, ending the previous series of alternating light net buying.

The focus of net selling was... VIC (net selling 137.96 billion VND) and SSI (136.68 billion VND). On the other hand, they strongly bought MBB (158.94 billion VND) and HPG (84.33 billion VND). The fact that VIC was net sold by hundreds of billions but still hit the ceiling shows that the internal cash flow is extremely terrible.

Market liquidity has decreased compared to the explosive sessions in the middle of the week, with the total transaction value on HoSE reaching more than VND20,053 billion. This shows the risk-averse psychology of investors as the weekend approaches.

However, at the end of the first trading week of December, VN-Index had 3 consecutive increasing sessions, firmly establishing the price range above 1,740 points.

According to analysts, the session 5-12 showed the role of large-cap stocks in maintaining the pace of the VN-Index during a period when cash flow tends to be hesitant and cautious. Divergence increased sharply, the gap between stocks attracting long-term cash flow and highly speculative stocks became clearer.

VIC's acceleration also pushed the asset value of billionaire Pham Nhat Vuong (chairman of Vingroup) to 24.7 billion USD, nearly four times higher than at the beginning of the year and setting a new peak on the global asset rankings.

Source: https://nld.com.vn/co-phieu-vic-va-phan-con-lai-cua-thi-truong-chung-khoan-196251205162204383.htm