After a historic drop in points with the VN-Index losing nearly 95 points, the stock market recorded a rather impressive recovery on October 21. The VN-Index finally increased by 27 points (+1.65%) to 1,663.43 points.

The group of pillar stocks increased strongly again. The VN30 index increased by more than 45 points (+2.41%). Of the 30 stocks, 26 stocks increased in price, including 2 stocks hitting the ceiling (FPT and HDBank ), only 4 stocks decreased in price (VCB, TCB, MSN, GAS). In the whole market, 423 stocks increased in price (21 stocks hitting the ceiling), 778 stocks remained unchanged and 389 stocks decreased (19 stocks hitting the floor).

Thus, the market regained more than 30% of the decline in the previous session, equivalent to about 20% of the total drop of 130 points in 2 sessions.

The recovery scenario has been predicted by many experts in the context of a stable macro economy , high economic growth, and the majority of listed enterprises announcing positive business results in the third quarter...

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The stock market is rising strongly again. Photo: HH

However, the fluctuations and divergence in the session show that caution remains.

A noteworthy point is that the group of real estate and securities stocks still has a downward trend. Novaland (NVL) shares continued to hit the floor, losing 1,050 VND to 14,400 VND/share with a surplus of nearly 26 million units. Novaland is on the list of violations in the issuance and use of bonds in the past, announced by the Government Inspectorate on October 17. Some other real estate stocks hit the floor such as: DXS, SCR, CRV...

However, the market is generally quite positive with large cash flows pouring in to catch the bottom. Liquidity reached more than 52 trillion VND on 3 floors, including nearly 48 trillion VND on HoSE.

Foreign investors bought strongly in the session when VN-Index increased by 27 points. Specifically, this group bought net 2,400 billion VND.

The group of "Vin family" stocks including Vingroup (VIC), Vinhomes (VHM), Vincom Retail (VRE) returned to lead the market with quite strong increases. Vingroup shares, chaired by billionaire Pham Nhat Vuong, increased by VND8,500 to VND203,400/share.

After a long period of decline, FPT shares have returned to the ceiling price by 6,000 VND to 93,000 VND/share. Foreign investors bought 6.55 million FPT shares, while only selling nearly 757 thousand of these shares. Foreign investors also bought strongly Hoa Phat (HPG), SSI Securities (SSI), CTG, SHB...

Except for a few stocks, the market has generally recovered and dispelled concerns about margin calls - which could drag the market down further.

Cash flow is still very strong. Whether a monetary policy reversal will happen or not is still unclear, but investors are calmer than in the previous session.

Another issue that many investors are concerned about is the outstanding balance of margin loans. As of the end of the second quarter, the outstanding margin debt set a new record, exceeding VND384 trillion. However, there is still plenty of room for growth thanks to the recent sharp increase in capital size of securities companies.

VN-Index drops nearly 95 points, hundreds of stocks 'hit the floor' Stocks fell across the board with many key stocks hitting the floor in the trading session on October 20, causing the VN-Index to drop nearly 95 points, equivalent to a drop of nearly 5.5%. This is a record drop ever.

Source: https://vietnamnet.vn/san-300-ty-usd-nong-tro-lai-vn-index-tang-manh-sau-phien-giam-ky-luc-2455060.html