Breaking 1,200 points, VN-Index suddenly recovers spectacularly

(Dan Tri) - The 1,200 point mark was once again broken, however, the VN-Index quickly recovered and increased strongly.

QCG hit the floor, securities industry stocks were positive

The upward momentum continued until the end of this afternoon's session (November 20), although at the closing time, the VN-Index had lost some height.

The HoSE index increased by more than 1,220 points at one point but closed at 1,216.54 points, recording an increase of 11.39 points, equivalent to 0.95%. The HNX-Index increased by 1.6 points, equivalent to 0.73%, and the UPCoM-Index increased by 0.79 points, equivalent to 0.88%.

Market liquidity improved significantly. Trading volume on HoSE reached 767.53 million units, equivalent to VND17,807.02 billion; HNX had 51.81 million shares traded, equivalent to VND885.71 billion, and this figure on UPCoM was 26.52 million units, equivalent to VND344.88 billion.

Market liquidity improved sharply (Source: VNDS).

Green covered 517 stocks increasing in price on all 3 floors compared to 313 stocks decreasing. HoSE alone had 250 stocks increasing and 148 stocks decreasing.

Most financial services stocks recovered. Among them, DSE shares of DNSE Securities Company achieved the strongest increase, up 6.4% to VND23,250 and only VND100 away from the ceiling price.

DSE shares recovered strongly with liquidity far exceeding previous sessions. The company plans to pay this year's interim dividend in cash at a rate of 5%, the ex-dividend date is November 28, and the expected payment date is December 19. With 330 million shares in circulation, DNSE is estimated to spend VND165 billion on the upcoming interim dividend program.

At the end of the 9 months, the securities company's securities brokerage revenue reached over VND105 billion, up 115% over the same period. Operating revenue and after-tax profit were over VND573 billion and nearly VND149 billion, up 15% and 14% over the same period last year. Notably, the number of new customers at DNSE increased sharply, accounting for 20.21% of the market share of newly opened accounts in the whole market in September.

Returning to the general market, although most stocks recovered, there were still some stocks that were sold off and fell sharply. Specifically, RDP, CTF, QCG, CIG, TTE all decreased sharply on HoSE and had no buyers. QCG alone hit the floor at 11,550 VND, with more than 1 million shares matched, and nearly 480,000 units remaining for sale at the floor price.

VN-Index suddenly dropped below 1,200 points

Earlier in the morning session, as expected, VN-Index once again tested the 1,200-point threshold. Before 10:00 a.m., the main index of HoSE broke through this threshold, falling to 1,197.99 points.

However, the unexpected happened. The decline was only a flash-sale. At this threshold, VN-Index immediately rebounded spectacularly, even reaching a state of quite strong price increase.

VN-Index fell below the 1,200 point threshold but quickly rebounded strongly (Source: Bloomberg).

Specifically, at the end of the morning session, VN-Index increased by 9.62 points, equivalent to 0.8%, to 1,214.77 points; HNX-Index increased by 1.56 points, equivalent to 0.71%, and UPCoM-Index increased by 0.81 points, equivalent to 0.89%.

The number of stocks increasing dominated the overall picture of the market. On all 3 floors, there were 443 stocks increasing in price, 18 stocks hitting the ceiling compared to 267 stocks decreasing, 25 stocks hitting the floor. Of which, HoSE alone had 236 stocks increasing, nearly double the number of stocks decreasing.

The two stocks that hit the ceiling on HoSE at this time are FIR and VRC, both in the real estate industry. Other stocks such as DXG and PDR also hit the ceiling at times and are increasing strongly: DXG increased by 6.2%, with 25.7 million shares matched; PDR increased by 5.2%, with nearly 8 million units matched. DXS increased by 5%; HDC increased by 4.8%; NVL increased by 4.7%; DIG increased by 4.3%; TCH increased by 3.3%; HDG increased by 3.1%; KBC increased by 2.8%.

Securities stocks increased simultaneously: FTS increased by 3.3%; CTS increased by 3%; BSI increased by 2.8%; HCM increased by 2.8%; VCI increased by 2.6%... Most bank stocks also reached an increase in price: TPB increased by 2.2%; BID increased by 1.8%; TSTB increased by 1.7%; NBB increased by 1.5%; MSB increased by 1.3%... The rare code that decreased slightly was NAB.

With stocks falling and rising sharply during the session, the larger the price fluctuation amplitude of the stock, the more profit investors who boldly buy stocks at low prices will make.

The deep discount of stocks, causing the VN-Index to fall below the 1,200-point mark, triggered demand at low prices. The trading volume on HoSE was nearly 400 million units, equivalent to a trading value of nearly VND9,175 billion. On HNX, it was 25.65 million shares, equivalent to VND457.6 billion, and on UPCoM, it was 11.4 million shares, equivalent to VND164 billion.

Source: https://dantri.com.vn/kinh-doanh/thung-1200-diem-vn-index-bat-ngo-hoi-phuc-ngoan-muc-20241120132050982.htm