Vinhomes continues to "carry" the market

Stocks on May 18 increased in points.

After yesterday's session of increasing points with high liquidity, the stock market session on May 18 is forecasted to face many difficulties and continue to fluctuate. This concern is partly correct when at the beginning of the session, VN-Index continued to record a slow trading pace, accumulating in a narrow range in the morning session.

In the morning session of May 18, according to VCBS Securities Company, although active buying liquidity has not improved significantly, demand has also reached most industry groups, helping the market recover slightly and maintain green. At the end of the morning trading session, only less than VND 5,000 billion was successfully transferred.

Active buying liquidity continued to increase well in the afternoon session, especially in the group of large-cap stocks in VN30, creating a positive premise to help the market improve significantly in terms of index, returning to approach the 1,070 point area.

Stock 18 5 vinhomes continues to compete in the market picture 1 — The stock market session on May 18 regained its green color with high liquidity. In which, Vinhomes continued to play the role of "carrying" the market. Illustrative photo

At the close of the stock market session on May 18, VN-Index increased by 7.87 points, equivalent to 0.74% to 1,068.31 points; VN30-Index increased by 8.66 points, equivalent to 0.82% to 1,070.76 points. The entire Ho Chi Minh City Stock Exchange had 205 stocks increasing in price, 67 stocks remaining unchanged, and 162 stocks decreasing in price.

Liquidity on the stock market on May 18 decreased but remained high. The entire floor recorded 650 million shares, equivalent to VND11,739 billion, transferred. Cash flow has not yet returned to blue-chips as the VN30 group only had 170 million shares, equivalent to VND4,790 billion, traded.

On the Hanoi Stock Exchange, indices increased much more slowly than liquidity, which remained modest.

At the close of the stock market session on May 18, the HNX-Index increased by 0.15 points, equivalent to 0.07% to 213.01 points; the HNX30-Index increased by 0.12 points, equivalent to 0.03% to 386.35 points. The Hanoi Stock Exchange had 108 million shares, equivalent to 1,465 billion VND successfully traded.

Vinhomes continues to "carry" the market

According to VCBS statistics, the securities and real estate stocks had the best recovery rate of approximately 1%.

In contrast to the active buying flow of domestic investors, foreign investors continued to maintain a cautious stance, only returning to net buying in the afternoon session with liquidity of 107 billion, focusing on buying HPG, POW, and VHM.

However, not only counting the May 18 stock session, in recent trading days, VHM of Vinhomes is the stock that has contributed greatly to either helping the VN-Index increase or limiting the decline of the VN-Index.

At the close of the May 18 stock market session, VHM was the second fastest growing blue-chip in the VN30 basket, up 1,600 VND/share, or 3%, to 55,000 VND/share. With liquidity of up to 3.5 million units, much higher than the 1.3 million shares of the average trading volume of the last 10 sessions of VHM, VHM contributed a lot to the VN-Index.

Along with VHM, another “big guy” that has been a pillar for the VN-Index in recent sessions is Vietcombank ’s VCB. Closing the stock market session on May 18, VCB increased by VND2,200/share, equivalent to 2.4% to VND95,000/share.

In addition to VHM and VCB, some other blue-chips also improved significantly such as VIB (up 650 VND/share, equivalent to 3.1% to 21,450 VND/share), FPT (up 1,400 VND/share, equivalent to 1.7% to 82,900 VND/share), SSI (up 350 VND/share, equivalent to 1.6% to 22,800 VND/share),….

The increase in the stock market session on May 18 helps the VN-Index have a brighter future. According to VCBS, technical indicators show a bullish signal for the VN-Index in the short term.

“If demand remains positive, VN-Index will likely increase to the old peak area around 1080. We recommend that investors can disburse more for stocks that are attracting good demand in the banking and securities sectors,” VCBS is optimistic.

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