The green color spread widely, banking stocks, securities, and retail led the way
The widespread increase in most stock codes along with the rise of banking, securities, and retail groups helped VN-Index increase by 18 points.
Increase impression
Despite a large amount of shares in the previous extraordinary trading session on March 18 returning to investors' accounts in the afternoon, the Vietnamese stock market still had a surprisingly positive trading session.
In fact, at the beginning of the session, VN-Index was under pressure to adjust to the 1.235 point area with sharply reduced liquidity. However, the HoSE index recovered well with the positive influence of banking stocks and surpassed the highest price range in 2023 with improved liquidity. At the end of the session, VN-Index increased 17,62 points (+1,42%) to 1.260,08 points. HNX-Index increased 1,86 points (+0,79%) to 238,03 points. The entire exchange had 506 codes increasing in price, 22 codes increasing to the ceiling, 256 codes decreasing, 11 codes falling to the floor. The number of stock codes is overwhelmingly high.
After the previous trading session that was somewhat lacking in liquidity, the matched value on the two listed exchanges reached 24.523,3 billion VND traded, an increase of 5,1% compared to the previous session. However, there are still some stocks that increased with reduced liquidity. Meanwhile, cash flow poured heavily into a number of industry groups and quite a few large-cap stocks.
Foreign investors net sold more than 565 billion VND on three exchanges. The strong block's selling force significantly overwhelmed the net selling chain to 7 consecutive sessions. However, there is quite a clear distinction. Foreign investors sold the most FUEVFVND fund certificates, earning 284 billion VND. Shares of many big companies were also sold strongly such as VIC (-177 billion VND), VNM (83 billion VND), VNM (82 billion VND)... However, DGC and STB still attracted this capital flow with net buying value. to more than 100 billion VND per stock code.
Bank stocks surged
After a period of pressure, banking stocks have risen and are the driving force pulling the index up today. VIB increased to the ceiling (+6,79%) and also surpassed the old peak. At the same time, except for EIB, which decreased by more than 0,5%, a series of banking stocks also increased sharply, such as LPB (+5,26%), TCB (+4,96%), MBB (+4,09%), CTG (+3,15%)…, in addition to EIB (-0,54%)…
The securities group also traded actively with sudden liquidity. Only WSS and DSC closed in the red, while most of them increased over 2%. The group of retail stocks also had quite positive developments right from the beginning of the session after being under pressure to adjust in previous sessions, notably MWG (+5,49%) increased liquidity sharply, PET (+3,04% ), DGW (+2,49%), PNJ (+1,76%)…. Some real estate stocks attract quite sudden cash flows. HPX shares were traded again and increased by nearly 20% today.
