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

Notably, the group of large-cap stocks had a clear change from negative to positive. At the end of the session, the VN30 basket had 28 stocks increasing in price, only 1 stock decreasing and 1 stock remaining unchanged. VJC stock increased to the ceiling price, with no sellers. Banking stocks such as VPB, VIB, STB all increased by more than 4%, HDB increased by 3.54%. Leading technology stockFPT increased by 4.29%, while the trio VIC, VHM, VRE of the Vingroup family also increased sharply.

In the banking group, only 3 codes decreased in price while 21 codes increased. The securities group was filled with green, in which PSI increased to the limit, large codes such as SSI, SHS, HCM, VND all increased. Green also covered the real estate group.

In particular, the information technology group simultaneously increased to the ceiling with codes VEC, VTC, ICT, SMT. On the contrary, the oil and gas group performed negatively when PVC, TOS, BSR , PLX, OIL all decreased in price.

Foreign investors reversed their net buying of more than VND1,500 billion, after a series of consecutive net selling before. Demand focused on banking groups such as HDB, LPB, STB, TCB, VPB, with net buying value ranging from VND40-145 billion. The two most heavily collected codes were VRE (VND236 billion) and FPT (VND1,265 billion). In FPT alone, in the last 6 sessions, foreign investors spent nearly VND2,900 billion to net buy again.

During most of the trading time, the market fell sharply, at times the VN-Index lost up to 30 points in the first half of the afternoon session. However, bottom-fishing demand appeared, helping the index recover spectacularly by nearly 60 points.

At the end of the session on October 28, VN-Index increased by 27.96 points to 1,680.5 points. Trading volume reached nearly 934 million shares, equivalent to more than VND 29,639.4 billion. The entire floor had 219 stocks increasing in price, 94 stocks decreasing and 55 stocks remaining unchanged.

On the Hanoi Stock Exchange, the HNX-Index increased by 1.42 points to 266.78 points, with a trading volume of more than 112.2 million shares, equivalent to VND2,452.7 billion; the entire floor had 90 codes increasing, 53 codes decreasing and 50 codes remaining unchanged.

In contrast, UPCOM-Index decreased 0.28 points to 110.96 points, trading volume reached more than 41.1 million shares, equivalent to 583.3 billion VND; the whole floor had 121 stocks increasing in price, 96 stocks decreasing and 89 stocks remaining unchanged.

The stock market on October 28 recorded a strong recovery thanks to bottom-fishing demand spreading across large-cap stocks and the return of foreign cash flow, opening up expectations for a new uptrend after two consecutive correction sessions.

According to VNA

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