Stock market reversed and increased strongly at the end of the session on October 28.

The trading session on October 28 brought many emotions to investors when the market went from a deep decline in the morning to a strong increase at the end of the session, thereby breaking the previous two consecutive declines.

Securities trading at BVSC. Photo: VNA

Notably, large-cap stocks showed a clear shift from negative to positive. At the close of trading, the VN30 basket had 28 gainers, only 1 loser, and 1 unchanged. VJC shares surged to their ceiling price with no sellers. Bank stocks like VPB, VIB, and STB all rose by more than 4%, while HDB increased by 3.54%. Leading technology stockFPT rose by 4.29%, while Vingroup's trio of VIC, VHM, and VRE also saw strong gains.

In the banking sector, only 3 stocks declined while 21 stocks increased. The securities sector was dominated by green, with PSI reaching its maximum limit, and large-cap stocks like SSI, SHS, HCM, and VND all rising. The real estate sector also saw gains.

In particular, the information technology sector saw a simultaneous surge, with stocks like VEC, VTC, ICT, and SMT hitting their upper limit. Conversely, the oil and gas sector experienced negative performance, with PVC, TOS, BSR , PLX, and OIL all declining in price.

Foreign investors reversed their previous streak of net selling to net buy more than VND 1,500 billion. Demand was concentrated in the banking sector, including HDB, LPB, STB, TCB, and VPB, with net buying values ​​ranging from VND 40 to VND 145 billion. The two stocks most heavily bought were VRE (VND 236 billion) and FPT (VND 1,265 billion). Specifically for FPT, foreign investors have spent nearly VND 2,900 billion buying net in just the last six trading sessions.

For most of the trading session, the market fell sharply, with the VN-Index losing as much as 30 points in the first half of the afternoon. However, bargain hunting emerged, helping the index recover spectacularly by nearly 60 points.

At the close of trading on October 28th, the VN-Index rose 27.96 points to 1,680.5 points. Trading volume reached nearly 934 million shares, equivalent to over 29,639.4 billion VND. Across the entire exchange, there were 219 gainers, 94 losers, and 55 unchanged stocks.

On the Hanoi Stock Exchange, the HNX-Index rose 1.42 points to 266.78 points, with a trading volume of over 112.2 million shares, equivalent to 2,452.7 billion VND; across the entire exchange, there were 90 gainers, 53 losers, and 50 unchanged stocks.

Conversely, the UPCOM-Index decreased by 0.28 points to 110.96 points, with a trading volume of over 41.1 million shares, equivalent to 583.3 billion VND; across the entire exchange, there were 121 gainers, 96 losers, and 89 unchanged stocks.

The stock market on October 28th saw a strong recovery thanks to bottom-buying demand spreading across large-cap stocks and the return of foreign capital, raising expectations for a new upward trend after two consecutive days of correction.

According to VNA

Source: https://baohaiphong.vn/thi-truong-chung-khoan-dao-chieu-tang-manh-cuoi-phien-28-10-524890.html