Vin stock leads the way, market rebounds.

The trading session on January 16th witnessed a positive reversal in the stock market as large-cap stocks, especially those in the VinGroup, rebounded and played a leading role. As a result, the VN-Index increased by more than 14 points.

At the close of trading, the VN-Index stood at 1,879.13 points, up 14.33 points (0.77%); the VN30-Index reached 2,080.35 points after rising 32.87 points (1.61%). During the session, the index briefly surged by more than 30 points, approaching the 1,900-point mark; however, increased selling pressure towards the end of the session slowed the upward momentum.

However, the market was in a "green on the outside, red on the inside" state, with breadth leaning towards the downside. Across the entire exchange, 143 stocks rose, while 174 fell. Within the VN30 basket, the number of rising and falling stocks was fairly balanced, at 14 and 13 respectively.

VIC was the most positive contributor to the market on January 16th. (Screenshot)

The market rose primarily thanks to support from the Vin Group stocks. Specifically, VIC and VHM contributed 11.89 points and 3.72 points respectively to the VN-Index. In addition,FPT , VCB, MWG, BID, PNJ, GEE, VJC, and TCX also helped support the market.

Conversely, GAS deducted the most points with 1.6 points; followed by GVR (1.19 points) and HDB (1.13 points). In addition, stocks like MCH, HVN, CTG, VNM, BSR , MBB, GEX… prevented the market from rising more sharply.

Sectors that gained points dominated. Software and services, essential aviation trade, real estate, and insurance were among the most positive performers. On the downside, sectors experienced only minor corrections, with transportation being the biggest loser at 1.61%.

Liquidity decreased compared to the previous session, reaching nearly 36,000 billion VND. Foreign investors continued to be net sellers, with the value of purchases exceeding 3,300 billion VND, while the value of sales was nearly 4,427 billion VND.

On the Hanoi Stock Exchange, at the close of trading, the HNX-Index fell to 252.28 points, down 0.88 points (-0.35%); the HNX30-Index decreased by 2.2 points (-0.39%), to 556 points. The total trading value reached over 2,000 billion VND.

Source: https://hanoimoi.vn/co-phieu-vin-dan-dat-thi-truong-tang-tro-lai-730331.html