Stock market increased for 7 consecutive sessions

On December 4, the VN-Index increased by more than 5 points, marking the 7th consecutive session of increase.

On the Ho Chi Minh City Stock Exchange, in the morning session, Vingroup shares adjusted down and the increase in banking stocks cooled down, causing the market to shake. By lunchtime, the VN-Index fell 1.88 points to 1,729.89 points.

In the afternoon session, the market performed more positively with green appearing during most of the trading time. At one point, the index representing the floor increased by nearly 10 points, to over 1,740 points.

Bank stocks continue to support the market. Screenshot

At the end of the session, VN-Index stopped at 1,737.24 points, "increasing" 5.47 points (0.32%); VN30-Index increased to 1,979.53 points after increasing 7.54 points (0.38%). This is the 7th consecutive session that the market has increased since November 26, accumulating a total of 76 points.

This session, the pressure on the market was on Vingroup stocks when VIC and VHM decreased by 0.89% and 1.5% respectively, pulling down a total of 3.5 points from the general index. In return, banking stocks continued to support the market although the support was not as strong as the previous day. MBB contributed the most with 2.17 points; TCB, HDB, LPB,ACB all contributed less than 1 point. In addition, steel stocks HPG and some other industry codes such as HVN, MWG, FPT also had a positive impact on the market.

The securities group performed positively, but the capitalization was not too large, so the impact on the general index was not clear.

Market breadth was tilted towards the upside with 217 stocks rising and 91 stocks falling. In the VN30 basket, the number of stocks increasing and decreasing in price was 16 and 10, respectively.

The industry groups with the highest growth rates were the ones that increased but not by much. Trade and professional services were the only group that increased by more than 2%. Real estate; insurance; food, beverages and tobacco; transportation; and personal and home care products went against the market.

Liquidity reached over VND25,300 billion. Foreign investors continued to be net buyers. This group bought over VND3,608 billion and sold nearly VND2,565 billion.

On the Hanoi Stock Exchange, at the end of the session, the HNX-Index stopped at 262.31 points, up 2.64 points (1.02%); the HNX30-Index increased 8.64 points (1.52%), to 577.49 points. The total transaction value reached nearly 1,700 billion VND.

Source: https://hanoimoi.vn/thi-truong-chung-khoan-tang-7-phien-lien-tiep-725648.html