After a decline in both points and trading value on June 11, the market recorded an exciting comeback on June 12 as investor sentiment improved significantly. Cash flow entered the market strongly from the beginning of the session, creating momentum for the main index to surge across the board.
Green spread across all sectors, from large-capitalization pillar stocks to mid- and small-cap stocks. This contributed to maintaining the upward trend throughout the morning. The notable point is the clear change in liquidity. Trading value increased sharply compared to previous sessions. Although there is still some resistance from some large-cap stocks with unfavorable developments.
In the afternoon session, trading recorded stronger fluctuations. VN-Index had times when it increased quite strongly thanks to the push of some large stocks, but there were also times when it retreated close to the reference level due to a few pillar stocks plummeting sharply.
At the end of the trading session, VN-Index stood at 1,322.99 points, up 7.79 points (0.59%) compared to the previous session. HNX-Index increased 1.5 points (0.66%) to 227.73 points. UPCoM-Index increased 0.12 points (0.12%) to 98.16 points. The number of stocks increasing in the market was overwhelming with 480 stocks, while there were 220 stocks decreasing in price. The whole market still recorded 34 stocks increasing at the ceiling price and 10 stocks decreasing at the floor price.
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| Top stocks impacting the market |
The market focus today is on some banking stocks such as STB, TCB... Of which, TCB increased sharply by 2.8% and was the stock with the most positive contribution to the VN-Index with 1.37 points. STB increased by 5% and contributed 0.93 points to this index.
HPG was also a bright spot today, increasing by 2.68% and contributing 1.03 points to the VN-Index. Besides HPG, steel stocks such as HSG, NKG... also increased sharply. HSG increased by more than 4% and at times was pulled up to the ceiling price. According to the announcement from Hoa Sen Group (HSG), in the first 8 months of the 2024-2025 fiscal year, HSG is estimated to have reached an output of 1,265,474 tons, completing 65% of the 2024-2025 fiscal year plan; net revenue is estimated at VND 25,099 billion, completing 66%; after-tax profit is estimated at VND 567 billion, exceeding 13% of the 2024-2025 fiscal year plan according to the high scenario. Hoa Sen added that the US's adjustment of steel and aluminum import tariffs from the current 25% to 50% in early June will not affect business activities in the coming time. The reason is that since September 2024, the US Department of Commerce has initiated anti-dumping and anti-subsidy investigations on galvanized, cold-galvanized and color-coated steel products exported from Vietnam.
In addition, the export stocks also fluctuated quite positively. In the textile group, codes such as TNG, TCM, MSH... all increased in price. The fertilizer - chemical group also recorded good green from codes such as DDV, DCM, DPM... In the industrial park group, GVR increased by 2.88%, KBC increased by 2.4%, VGC increased by 2.4%...
On the other hand, the trio of “Vin” stocks put a lot of pressure on the general market and at times caused the VN-Index to fall back to near the reference level. At the end of the session, VIC fell 3.77%, VRE fell 3.45% and VHM fell 2.9%. VIC was the stock that took away the most points from the VN-Index with 3.03. VHM and VRE took away 2.02 points and 0.48 points, respectively.
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| Foreign investors return to net buying |
Market liquidity improved compared to the previous session. Total trading value on HoSE reached VND19,799 billion, up 37% compared to the previous session. Matched trading value accounted for the majority with VND18,760 billion changing hands, up 45%. Trading value on HNX and UPCoM reached VND1,300 billion and VND680 billion, respectively.
Foreign investors returned to net buying over VND450 billion on HoSE. The focus was on Hoa Phat (HPG) shares with a net buying value of VND222 billion. This capital flow also net bought DGW and MWG with net buying values of over VND90 billion. On the other hand, SHB topped the net selling list with VND104 billion. CTG followed with a net selling value of VND59 billion.
Source: https://baodautu.vn/sac-xanh-ap-dao-vn-index-tang-gan-8-diem-d303093.html
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