Massive "hunt" for Phat Dat and The Gioi Di Dong (Mobile World)

Massive "hunt" for Phat Dat and The Gioi Di Dong (Mobile World)

The stock market on July 21st had many highlights. First, after a series of days of fluctuating within a narrow range, the VN-Index surged rapidly today. The VN-Index became even more buoyant towards the end of the trading session.

At the close of trading on July 21, the VN-Index rose 13.09 points, or 1.12%, to 1,185.90 points; the VN30-Index increased 18.34 points, or 1.57%, to 1,186.80 points. Across the entire exchange, 348 stocks gained, 53 remained unchanged, and only 120 declined.

After several sessions of declining liquidity, the stock market today, July 21st, witnessed a surge in capital inflows. The Ho Chi Minh City Stock Exchange saw 988 million shares, equivalent to 20,273 billion VND, successfully traded. The VN30 group recorded 297 million shares, equivalent to 7,970 billion VND, in transactions.

The stock market on July 21st had many highlights, but the VN-Index was buoyant, capital flowed strongly into the market, and investors "hunted" for Phat Dat and The Gioi Dien Thoai (Mobile World) at high prices. (Illustrative image)

The bullish momentum in the July 21st stock market session came from many stocks, but the most prominent were PDR of Phat Dat Group and MWG of Mobile World Group. These were two of the rare blue-chip stocks that hit the ceiling price.

At the close of trading on July 21st, PDR shares rose by 1,350 VND/share to 20,800 VND/share. Trading volume surged to nearly 23.6 million units, a significant increase compared to the 13.3 million units of the previous session. However, PDR no longer had buy orders at the ceiling price, only sell orders at the ceiling price totaling 326,000 units.

Meanwhile, at the close of trading on July 21st, MWG hit its ceiling price, rising by 3,400 VND/share to 52,500 VND/share. Trading volume surged from 5.5 million units to 11.6 million units. However, unlike PDR, the buy orders at the ceiling price for MWG reached nearly 300,000 units, while the sell orders at the ceiling price were zero.

In the July 21st stock market session, large-cap real estate stocks were still going strong, with many closing the week in the purple (indicating significant price increases), such as CIG, DC4, DIG, etc.

The Hanoi stock exchange did not benefit from the bullish sentiment of the Ho Chi Minh City exchange during the July 21st trading session. The indices rose slightly with modest liquidity, even lower than in many recent sessions.

At the close of trading on July 21, the HNX-Index rose 1.91 points, or 0.82%, to 234.98 points; the HNX30-Index increased 5.85 points, or 1.28%, to 461.81 points. A total of 92.3 million shares were traded on the entire exchange, equivalent to 1,462 billion VND.

VN-Index outperforms Asia- Pacific

During the August 21st trading session, the VN-Index outperformed the Asian market.

Asian-Pacific markets were mixed on Friday as investors scrutinized Japan's June consumer price index data. Official figures showed the country's core inflation rate – excluding the cost of fresh food – at 3.3%, in line with expectations from economists surveyed by Reuters.

This figure is slightly higher than the 3.2% recorded in May and also exceeds the Bank of Japan's 2% target. The country's headline inflation rate also stood at 3.3% in June, up from 3.2% in May.

The Nikkei 225 index fell 0.57% to 32,304.25, but the Topix edged higher on inflation data released ahead of next week's closely watched Bank of Japan (BOJ) meeting to decide on interest rates.

South Korea's Kospi recovered and rose 0.37%, closing at 2,609.76, and the Kosdaq gained 0.32%, marking a nine-day winning streak and reaching its highest level since April 2022.

Separately, Australia's S&P/ASX 200 fell 0.15% to close at 7,313.9, largely driven by technology services stocks.

Hong Kong's Hang Seng index rose 0.71% in the final hour of trading. Mainland Chinese stocks also ended the day in negative territory, with both the Shanghai Composite and Shenzhen Component indices slightly lower, closing at 3,167.74 and 10,810.18 respectively.

Source: https://www.congluan.vn/chung-khoan-21-7-o-at-san-phat-dat-the-gioi-di-dong-post257231.html