Steel, banking, securities help VN-Index increase for 4 consecutive sessions

drilling — VN-Index recovered for four consecutive sessions after a drop of more than 70 points at the beginning of last week.

Before the first trading session of the week, most securities companies were inclined towards the scenario that the market would shake strongly and close in red when the VN-Index had recovered for many consecutive sessions on a low liquidity basis.

However, the actual developments were the opposite. VN-Index maintained green throughout the session and widened its increase range towards the end of the session. Strong cash flow into pillar stocks in the banking, securities, public investment groups... helped the index accumulate more than 17 points, closing at nearly 1,685 points.

The HOSE floor had nearly 240 codes increasing points, 3 times the number of codes decreasing. Green also dominated the large-cap basket with 22 codes closing above reference, while 6 codes decreased.

BID topped the list of stocks with the most positive impact on the VN-Index, accumulating 3.1% to VND42,200. This list has two other representatives of the banking group, CTG and TCB. The rest are evenly distributed in many industries such as aviation, securities, retail, energy, and rubber.

By industry group, stocks have the most unanimous increase. After the information that the Government approved the project to upgrade the market, a series of stocks jumped strongly. VIX led the way when it hit the ceiling of 37,450 VND, while VND, VCI, HCM all increased by more than 1%. SSI, the leading stock in the industry, was heavily sold by foreign investors this morning, so it lost points, but by the end of the session, it reversed and increased by 0.7%.

Green also covered the steel group with an increase range of 0.5-2.8%. HPG accumulated 3% at one point, approaching the 31,000 VND mark, but then faced strong selling pressure so it only increased by about 1%.

Similarly, the oil and gas group also closed the session in green. The two pillar codes GAS and PLX accumulated 1.1% and 0.4% respectively.

In the banking group, the common increase was 1%. Some stocks such as HDB, MSB, VPB went against the market trend, but the decrease was insignificant.

Liquidity also showed signs of improvement with more than 1.24 billion shares changing hands, up 10% compared to the end of last week. Trading value also inched up to over VND37,600 billion, of which the large-cap basket contributed nearly VND20,000 billion.

Ho Chi Minh City Stock Exchange has 7 codes with liquidity of thousands of billions. HPG leads with over 2,700 billion VND. VPB is second with over 2,000 billion VND, far surpassing the codes following such as VIX, SSI,SHB and MSN.

Forecasting this week's developments, the analysis team of MB Securities Company believes that the short-term trend is still up, even though the market this week has activities of restructuring ETF portfolios and derivatives maturity.

PV (synthesis)

Source: https://baohaiphong.vn/thep-ngan-hang-chung-khoan-giup-vn-index-tang-4-phien-lien-tiep-520829.html