Stock market recovers, VN-Index increases more than 38 points

VN-Index closed on November 12 up 38.25 points to 1,631.86 points. (Photo: Vietnam+) — VN-Index closed on November 12 up 38.25 points to 1,631.86 points.

The Vietnamese stock market has just had a positive trading session with green spreading widely, although liquidity has not really exploded. A series of large-cap stocks increased sharply, even increasing by over 3%.

VN-Index closed the session on November 12 up 38.25 points to 1,631.86 points, while VN30 increased 50.87 points. This was the second consecutive strong increase, opening up expectations of ending the correction period that has lasted since mid-October.

Previously, VN-Index had lost about 185 points (more than 10%) from its peak and retreated to the 1,580 point area.

During the adjustment period, many Bluechip stocks have been deeply discounted by about 20-30%, attracting bottom-fishing cash flow when the market valuation has reached a reasonable level. However, it is still too early to predict a new wave when liquidity is not really abundant, but the spread of green is a positive signal for investors.

At the end of the session, the trading volume on HOSE reached more than 757.5 million shares, equivalent to a value of more than VND 22,145 billion. The entire floor had 268 stocks increasing in price, 58 stocks decreasing in price and 36 stocks remaining unchanged.

HNX-Index increased by 3.71 points to 264.79 points with a trading volume of more than 67.4 million shares, equivalent to nearly 1,455 billion VND. The entire floor had 103 stocks increasing in price, 44 stocks decreasing and 52 stocks remaining unchanged.

UPCOM-Index increased by 1.18 points to 119.03 points, trading volume reached more than 25.3 million shares, equivalent to nearly 547 billion VND, with 168 codes increasing in price, 75 codes decreasing in price and 77 codes remaining unchanged.

VN30 basket recorded 29/30 codes increasing in price, only 1 code decreased; of which, VIC increased by 5.07%, VRE increased by 5.64%, VHM increased by 4.44%,FPT increased by 4.68%, MWG increased by 3.21%.

Banking stocks also made a strong breakthrough with 24 stocks increasing in price, only 2 stocks decreasing and 1 stock remaining unchanged.

Notably, TCB increased by 4.01%, EIB increased by 3.35%,SHB increased by 3.16%, while CTG, BID, VCB and MBB all increased quite strongly. Along with banks, real estate, securities, oil and gas, chemicals, construction and materials groups all recorded widespread green.

Foreign trading is still a minus point when continuing to net sell 464 billion VND. Specifically, on HOSE, foreign investors net sold nearly 386 billion VND, concentrated in the financial group with VCI shares being net sold 198 billion VND, followed by HDB, VIX and STB from 135 billion VND to 171 billion VND, TCX was net sold 96 billion VND.

On HNX, foreign investors net sold about 78 billion VND, while on UPCOM, foreign investors net bought slightly 20 million VND.

This trading session shows that the market is recovering after a strong correction, with bottom-fishing cash flow directed towards large-cap stocks and banking groups, while it is still necessary to observe liquidity developments and foreign investors' behavior to assess the next trend./.

Vietnam+

Source: https://baohaiphong.vn/thi-truong-chung-khoan-hoi-phuc-vn-index-tang-hon-38-diem-526443.html