Market reverses, stock market breaks out

After two consecutive days of declines, the VN-Index opened fluctuating around the reference level with weak buying pressure and selling pressure dominating. However, the securities, construction materials, and banking sectors were bright spots, with SHS hitting its ceiling price, VCI rising 5.06%, VND increasing 3.68%, SSI 3.69%, LPB 2.39%,SHB 1.98%, etc., causing the market to gradually turn green again.

These sectors also recorded positive liquidity with SHS trading 27.1 million units, SSI trading 18.53 million units, VIX trading 18.5 million units, DIG trading 10.67 million units, PDR trading 9.77 million units, and DXG trading 8.32 million units.

At the close of the morning trading session on November 1st, the VN-Index rose 1.07 points, or 0.1%, to 1,029.26 points. Across the entire exchange, there were 235 gainers and 227 losers. The HNX-Index increased 0.83 points, or 0.4%, to 207.01 points. The UPCoM-Index rose 0.12 points, or 0.15%, to 80.81 points.

VN-Index performance on November 1st (Source: Fire Ant).

In the afternoon session, stock groups rebounded more significantly, causing the market to briefly rise above the reference level. Strong buying pressure towards the end of the session helped green dominate.

At the close of trading on November 1st, the VN-Index rose 11.47 points, or 1.12%, to 1,039.6 points. Across the entire exchange, there were 319 gainers, 177 losers, and 71 stocks that remained unchanged.

The HNX-Index rose 3.48 points, or 1.69%, to 209.65 points. Across the entire exchange, there were 103 gainers, 63 losers, and 54 stocks unchanged. The UPCoM-Index increased 0.77 points to 81.7 points.

The VN30 basket alone recorded 22 gainers. Only MWG bucked the market trend, closing in the green at 35,100 VND/share – its lowest closing price since November 2020. This was also the second consecutive session of the Mobile World Group (MWG) hitting the floor limit. Foreign investors also contributed to the pressure during the session with net selling of 188 billion VND. In just 5 sessions from October 26th to November 1st, MWG decreased by 19.31%, equivalent to a drop in market value of 8,400 VND.

After two consecutive negative sessions, the securities sector reversed course and surged, with most stocks contributing positively, such as SHS, CTS, ORS, AGR, and VIG, all hitting their upper limit. Additionally, VIX, SSI, VNS, VCI, MSB, and HCM also increased by 5.44% to 8.12%.

The construction materials sector also contributed significantly to the upward trend, with HPG rising 4.13%, HSG 4.12%, KG 2.29%, POM 2.79%, and VGS 3.68%.

The total value of matched orders in the session reached VND 21,179 billion, a decrease of 4% compared to the previous session. Of this, the value of matched orders on the HoSE exchange alone reached VND 13,064.8 billion, a decrease of 13%. In the VN30 group, liquidity reached VND 6,033 billion.

On the HoSE, foreign investors continued to net sell, with a value of 87 billion VND today. Stocks experiencing heavy selling pressure included VHM (683 billion VND), MWG (188 billion VND), VPB (34 billion VND), CTG (25 billion VND), HDB (21 billion VND), etc.

Conversely, the stocks that were heavily bought were mainly VCI (98 billion VND), HPG (91 billion VND), SSI (75 billion VND), PDR (62 billion VND), VND (60 billion VND) , etc.

Source: https://www.nguoiduatin.vn/thi-truong-dao-chieu-co-phieu-chung-khoan-but-pha-a633856.html