Expectations for a surge in real estate stocks.

(NLDO) - Many real estate stocks rose in price, helping the VN-Index escape the red. Investors expect this trend to continue.

At the close of trading on October 23, the prices of real estate stocks such as VIC increased by 2.37%, DIG by 3.4%, PDR by 3.3%, etc.

Vietnamese stocks opened higher on October 23rd. However, the market quickly retreated to negative territory, hitting a low of 1,263 points, before reversing and turning green towards the end of the session.

At the close of trading, the VN-Index rose 1 point (+0.08%), closing at 1,270 points. Liquidity decreased with 535.8 million shares traded on the HOSE exchange.

According to Rong Viet Securities (VDSC), with the market's upward momentum, many stock groups regained their positive performance, but the gains were minimal, notably the active performance of real estate stocks. In addition, food, technology, and banking stocks also provided slight support to the market.

According to ACBS Securities Company, during the October 23rd trading session, demand for stocks was concentrated in several sectors including real estate, technology, and banking. Accordingly, the stocks that gained points and positively impacted the market included: VIC (+2.37%), DIG (+3.4%), PDR (+3.3%), NLG (+3%),FPT (+0.83%), STB (+2.29%),…

Cash flow in this session was largely maintained in real estate and banking stocks. Notably, the trading volume of Vinhomes (VHM) shares surged to 33.3 million units, equivalent to a value of VND 1,569 billion. In addition, VHM shares also saw two block trades with a total volume of over 4.1 million shares, equivalent to a value of VND 200 billion.

This also marks the first trading session of the planned buyback of 370 million VHM treasury shares announced by the company. As a result, many investors expect VHM shares to surge in the coming sessions, potentially triggering a similar trend in other real estate stocks.

Therefore, VCBS Securities Company recommends that investors eliminate stocks that show no signs of recovery, and take advantage of fluctuations in the following sessions to gradually invest in stocks that attract capital in the real estate and securities sectors, etc.

Meanwhile, VDSC noted that liquidity on October 23rd decreased compared to the previous session, indicating a cooling down of stock supply. However, since the inflow of capital into the market is not yet strong, investors should avoid overbuying and consider using rallies to restructure their stock portfolios in a way that minimizes risk.

Source: https://nld.com.vn/chung-khoan-ngay-mai-24-10-ky-vong-co-phieu-bat-dong-san-day-song-196241023175443545.htm