On the Ho Chi Minh City stock exchange, during the morning trading session, significant selling pressure caused the index to fall by more than 36 points, nearing 1,606 points. However, bargain hunting emerged, slowing the decline. By lunchtime, the VN-Index stood at 1,629.47 points, down 13.79 points.
In the afternoon session, demand increased, causing the market to reverse and move upwards. At the close of the session, the VN-Index reached 1,657.75 points, up 14.49 points (0.88%); the VN30-Index increased by 26.45 points (1.45%), reaching 1,855.08 points.
In this session, the leading stocks showed mixed performance. Of the top 10 largest stocks, 5 rose and 5 fell, but thankfully, the declines were only slight, less than 1%.
Vingroup 's stocks, VIC and VHM, which are also the second and third largest in the market, performed outstandingly, rising by 3.9% and 4.03% respectively, contributing the most to the VN-Index (4.73 points and 4 points). Thus, these two stocks alone contributed more than half of the total points gained by the VN-Index during the session.
These two stocks continue to perform well not only because of their business prospects but also because of the news that Vingroup's parent company has filed civil lawsuits against 68 organizations and individuals, both domestic and international, for spreading false and distorted information about the group and some of its leaders on social media platforms.
Real estate was also the best-performing sector in this session. Conversely, the hardware and appliances sector saw the sharpest decline.
Market breadth was fairly balanced. Across the entire exchange, 163 stocks rose and 152 fell. In the VN30 group, the number of rising stocks was more than double the number of falling stocks (20 and 8).
Liquidity improved with nearly 37 trillion VND changing hands. Foreign investors continued to be net sellers, buying over 3.475 billion VND and selling over 4.538 billion VND.
Meanwhile, on the Hanoi Stock Exchange, the HNX-Index fell 0.42 points (-0.15%) to 274.18 points; the HNX30-Index dropped 5.99 points (-0.99%) to 598.31 points. Approximately 2,800 billion VND worth of shares changed hands across the entire exchange.
Source: https://hanoimoi.vn/vic-va-vhm-dong-gop-hon-nua-so-diem-cho-vn-index-715742.html
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