Stock market session October 14: VN-Index ends its increasing streak, Gelex stocks "make waves"

Although there was a strong increase near the 1,800 point mark, selling pressure caused the index to reverse and turn red at the end of the session.

At the end of today's trading session (October 14), VN-Index closed at 1,761.06 points, down more than 4 points, breaking the streak of consecutive increases in the past 4 sessions.

After 4 consecutive sessions of increase, the market opened the day very positively. VN-Index even increased the highest in the morning session to 1,794.58 points, approaching the 1,800 point mark, equivalent to an increase of nearly 30 points.

VIC stock continued to be the pillar pulling the index when it hit the ceiling in the morning session and remained purple until the beginning of the afternoon session. The stock increased the highest to 219,700 VND/share in the session. Other representatives of the same house, VHM and VRE, also recorded an increase of over 5%.  

This morning, securities stocks suddenly increased. VIX, SSI, SHS, MBS… all increased sharply.  

However, the profits are not for everyone, the green is not for the majority and the excitement did not last long in the market today. After a strong increase at the beginning of the session, the market slowed down. The market breadth was relatively narrow at the end of the morning session, the number of stocks increasing on HoSE was only about 104, while there were 200 stocks decreasing, and 52 stocks remaining unchanged.

In the afternoon session, the profit-taking trend became more obvious. After 2:00 p.m., the index could no longer maintain the green color and finally had to close the session below the reference level.

The number of stocks remaining green until the end of the session was only 76 on HoSE while red spread to 256 stocks.   Liquidity increased sharply at the end of the day, closing the matched order level on HoSE today at more than VND 52,416 billion, up more than 10% compared to yesterday's session.

Stock codes that pulled VN-Index up/down the most in the session of October 14.

The increase in VIC narrowed, however, with an increase of 3.16%, this is still the leading stock that helped pull the market today. On the other hand, Vinpearl's VPL stock sank deeply and decreased by 3.03%, becoming the stock that pulled the index down the most.

However, VN30 continued to increase in price. Although the increase was quite slight, only increasing by 1.41 points in the session, this was still the main factor supporting the index.  

At the end of the day, only 6 stocks in the VN30 increased in price. Among them, VJC continued to maintain its rare purple color, even still having ceiling buy orders remaining at the end of the session. This is the second consecutive ceiling increase session of Vietjet Air shares.  

In addition, although the growth momentum was also narrowed in the afternoon session, VPB bank stocks still maintained their positivity. Thanks to that, although only 6 stocks increased while 22 stocks decreased and 2 stocks remained unchanged, VN30 was still not pulled down today.

Notably, today, besides VIX which returned to increase in price and closed the session at a 4.27% increase, two codes in the same house, GEE - GEX, both increased to the ceiling right from the beginning of the morning session and maintained purple until the end of the day. Thanks to that, all 3 codes of Gelex contributed significantly to pulling the VN-Index.  

In another development, VPS stock suddenly hit the ceiling price from the beginning of the morning session. This is the stock code of Vietnam Pesticides Joint Stock Company. Interestingly, this stock code is the same as the name of VPS Securities Company - the securities company with the largest brokerage market share in the market. This securities company plans to prepare for IPO and list its shares with the code VCK and has recently announced the minimum IPO offering price of 60,000 VND/share.  

While some large stocks still held on to the green, mid- and small-cap stocks all lost ground. VNMID fell 0.27% while VNSML fell 1.31%.  

Foreign investors continued another net selling session today with a net selling value of VND 1,404 billion, focusing on net sellingFPT (-VND 335 billion), SSI (-VND 271 billion), VRE (VND 220 billion)... on HoSE and net selling SHS (-VND 71.58 billion), IDC (-VND 43 billion) on HNX.  

Source: https://baodautu.vn/ttck-phien-1410-vn-index-dut-chuoi-tang-co-phieu-nha-gelex-day-song-d412705.html