The stock market cannot increase strongly despite being flooded with green.

In the trading session on October 29, the VN-Index increased slightly by more than 5 points in the context of Vingroup's stock price decreasing, taking away many points from the index.

Immediately after opening, the market improved, at one point the VN-Index increased by more than 16 points, reaching above 1,696 points. However, the increase could not be maintained for long as selling pressure increased, causing the index to fall back to red at times.

However, at the end of the morning session, VN-Index still increased by nearly 9 points, reaching 1,689.49 points.

Most stocks in the VN30 group increased in price. Screenshot

In the afternoon session, the market continued to move positively, the green color remained throughout the trading session. At the end of the session, demand weakened while supply increased, causing the increase to slow down.

At the end of the session, VN-Index increased by 5.33 points (0.32%), to 1,685.83 points; VN30-Index increased by 0.48 points (0.02%), stopping at 1,949.76 points.

The entire floor had 246 stocks increasing and 88 stocks decreasing. In the VN30 group alone, there were 22 stocks increasing and 7 stocks decreasing, showing that the market breadth was tilted towards the buying side.

However, the market could not make a strong breakthrough because Vingroup stocks all fell, taking away a significant amount of points. VIC, VHM, VRE and VPL took away 6.82 points, 2.87 points, 0.43 points and 0.32 points respectively.

On the other hand, banking stocks provided the strongest support to the market with the presence of 7 codes in the group of 10 codes contributing the most; in which VCB and BID contributed 1.34 points and 1.13 points respectively.

Most sectors increased, especially hardware – equipment and energy which performed the best. On the contrary, software, consumer services and real estate went against the trend.

Liquidity decreased sharply compared to the previous session, reaching nearly VND26,000 billion, showing that investor sentiment is quite cautious.

Foreign investors returned to net selling. This group bought more than 2,628 billion VND and sold over 4,119 billion VND.

On the Hanoi Stock Exchange, the total transaction value reached more than 1,800 billion VND. Closing, the HNX-Index stopped at 268.04 points, up 1.26 points (0.47%); the HNX30-Index reached 581.41 points, up 5.22 points (0.91%).

Source: https://hanoimoi.vn/thi-truong-chung-khoan-khong-the-tang-manh-du-ngap-sac-xanh-721406.html