Cash flow returns to banking and retail groups, VN-Index increases 13 points

During the stock trading session on November 11, the VN‑Index jumped more than 13 points, equivalent to about +0.83%, to 1,593.6 points. Although liquidity remained low, the demand concentrated clearly in the securities, banking and retail sectors, helping the market record a remarkable technical recovery.

Green returns, banking and retail stocks lead VN-Index closer to 1,600 point mark

The market recorded 186 stocks increasing in price on the Ho Chi Minh City Stock Exchange (HoSE), compared to 114 stocks decreasing. This shows that the green color has spread more widely in the market, a positive signal in terms of investor psychology.

Right from the opening minutes of the morning session, the sellers appeared calmer, recording many orders at the reference price, creating momentum for the index to move up. Although the cash flow has not yet "exploded", the positivity from the supply side (the sellers) was enough to help the VN-Index maintain green throughout the session.

At the end of the session, the index closed at 1,593.61 points, up about +13.07 points. During the session, it reached nearly 1,597.08 points, equivalent to an increase of +1.05% (+16.5 points), before being under selling pressure at the end of the session, causing the growth rate to slow down.

Highlights:

- Vingroup 's duo VHM and VIC contributed significantly, these two codes alone contributed about 4.7 points to the increase of VN-Index.

- Other codes such as BID, VNM, MSN, VRE, VPL, CTG, SSI,SHB , GEX, STB, MWG, TCB, VIX all contributed significantly to the recovery picture.

Industry group developments:

- The retail - consumer sector rebounded strongly with an increase of about 1.92%. Of which, MSN +2.89%, FRT +2.01%, PNJ +2.41%, MCH +2.49%, VNM +3.33%.

- Securities industry +1.54%. Of which, VIX +4.06%, SSI +3.72%, SHS +3.74%.

- The banking sector recovered slightly +0.59%. In which SHB +3.27% led the liquidity with 67.7 million shares. Many other codes such as OCB, TPB, STB, ABB increased by over 2%.

Statistics of VN30 basket showed that 17 codes increased, 11 codes decreased, VN30-Index increased 0.97%. Liquidity of this basket in the afternoon increased 31.3% compared to the morning, but still only because morning trading was too slow.

Liquidity in today's session is still a point to note: a total of 664 million shares were traded, equivalent to a trading value of about VND 19,761 billion, still below the threshold of VND 20,000 billion for the HoSE floor. Only 2 codes reached a trading value of over VND 1,000 billion, which are SHB and SSI.

Regarding foreign investors, net selling pressure decreased sharply, recording less than 75 billion VND of net selling on HoSE. They mainly net bought large stocks such as VIC, HPG, VNM, SHB, MSN, while still strongly net selling banking and securities stocks such as MBB, STB, CTG, HDB, VND.

Today's session's performance is clearly more of a technical recovery than a new money flow explosion: the index's increase is mainly due to the large pillars holding firm and the sellers gradually reducing profit-taking pressure, rather than a strong influx of new money.

However, the spread of green with 186 codes increasing and 114 codes decreasing shows that the investment environment has somewhat stabilized.

In the short term, VN-Index is still approaching the important 1,600 point mark, and if it can successfully surpass it, this zone will not be broken and can create a foundation for the next uptrend. On the contrary, if it cannot surpass it, today's session will only be a failed test.

Securities companies have previously warned that the market is in a phase of testing momentum and supply-demand balance, with a fluctuation range of about 30 points.

The trading session on November 11 recorded positive signals: the large pillars remained stable, the banking, securities, and retail groups attracted cash flow, and foreign investors reduced selling pressure. However, liquidity was still low and had not really reached the strength to confirm the start of a clear new uptrend. Investors should note: the 1,600-point area is an important "finish line" for the VN-Index, if successfully surpassed, it will be the foundation for the next step; otherwise, it may just be a temporary technical recovery.

In that context, selecting large-cap stocks with attractive business results and valuation trends, along with closely observing cash flow developments, can be a wise choice in the current period.

Source: https://thoibaonganhang.vn/dong-tien-quay-lai-nhom-ngan-hang-ban-le-vn-index-tang-13-diem-173409.html