Selling pressure intensified today, but strong buying support pushed total market liquidity to over 38,000 billion VND.
Stocks opened higher this week, but selling pressure intensified. The VN-Index was pulled above 1,290 points early in the session thanks to the surge in BID shares, but quickly retreated as the stock fell again.
Profit-taking pressure from bargain-hunting during the early week's sell-off pushed market liquidity up sharply from mid-morning. However, strong buying demand absorbed the pressure, keeping stocks stable until lunchtime. The market experienced a dip at the beginning of the afternoon session, but was quickly pulled back up. At the close, the VN-Index rose more than 5 points (0.42%), surpassing 1,280 points.
The VN30-Index rose slightly by more than 2 points (0.2%), to 1,284 points. On the Hanoi Stock Exchange, the HNX-Index and UPCOM-Index edged slightly above their reference levels.
The VN-Index is currently at its highest price level since August 26, 2022, which is more than 18 months ago.
Total market liquidity reached over 38,000 billion VND (approximately 1.5 billion USD). Of this, liquidity on the HoSE exchange accounted for over 34,700 billion VND, an increase of more than 4,000 billion VND compared to the previous session.
On the HoSE exchange, 248 stocks increased in price and 231 stocks decreased in price.
Foreign investors continued to net sell nearly 463 billion VND today, marking the ninth consecutive session of net selling by this group.
The banking sector continued to be the main support for the market, with BID, VCB, and CTG being the three stocks contributing most positively to the index, according to VNDirect. BIDV shares briefly hit the ceiling price early in the day, but narrowed to a 2.3% gain by the close. CTG also rose 2.3%, while VCB and MBB increased by over 1%.
Besides the banking sector, HPG, MWG, POW, and MSN also maintained their gains at the end of the session. Conversely, PLX andFPT fell by more than 1%, while VRE, VNM, SSB, BVH, VJC, and some banking stocks closed below the reference price.
In the mid-cap group, GEX attracted attention by closing near its ceiling price. Several stocks in the real estate and agriculture sectors also drew capital. PDR rose over 2%, while DIG, CEO, and VCG closed in positive territory.
Thu Ha (According to Vnexpress.net)
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