VN-Index jumped nearly 35 points

VTV.vn - The stock market had a strong reversal session on the afternoon of November 4, when bottom-fishing money flowed in and green spread widely, helping the VN-Index jump nearly 35 points.

Stocks rebounded the most since early October

The domestic stock market this morning has yet to show a significant recovery after the VN-Index's series of adjustments.

The main rebound comes from a few blue chips such as SSI, MBB, VRE, or VIC, but the increase is only around 2%. Besides, MCH of Masan Consumer also attracts attention on UPcom with an increase of more than 5%.

However, the pull of a few is not enough. Red is still spreading, typically in the real estate group. DXG, CII, KDH all decreased by more than 3%. Retail and seaport groups also have the same tone.

Even the technology group that kept green in the past few sessions also adjusted today.FPT decreased more than 2% or VTP also adjusted more than 5%.

Stocks rebounded the most since early October

At the end of the session, VN-Index increased by 34.98 points to 1,651.98 points - this is the strongest increase since the beginning of October. Liquidity reached more than 1.19 billion shares, equivalent to more than 34,244.5 billion VND. The whole floor recorded 189 stocks increasing, 117 stocks decreasing and 58 stocks remaining unchanged.

Positive developments also appeared on the HNX floor when the HNX-Index increased by 6.73 points to 265.91 points. Trading volume reached more than 131.3 million units, equivalent to more than VND 2,913 billion; with 84 codes increasing, 68 codes decreasing and 54 codes remaining unchanged.

UPCOM-Index increased by 0.65 points to 114.28 points. The entire UPCOM market traded more than 40.4 million shares with a value of more than VND892.5 billion; there were 118 codes increased, 105 codes decreased and 86 codes remained unchanged.

The strong recovery momentum comes from bottom-fishing cash flow when VN-Index has lost nearly 150 points compared to the most recent peak; in which, many stocks have deep discounts of 20-30%, creating great attraction for investors to return.

The VN30 basket had 24 stocks increasing, only 5 stocks decreasing and 1 stock remaining unchanged. VPB, SSI, VRE increased to the ceiling; large-cap stocks such as VIC, VHM, MSN, MWG also recorded impressive increases.

The banking group rose with 24 codes increasing, only KLB and BAB decreased, VAB remained unchanged. The securities group reversed strongly when a series of codes hit the ceiling such as CTS, SHS, DSE, VCI, VIX, VDS, SSI – erasing the red of the morning session.

The oil and gas and real estate groups also returned to the uptrend, with a series of real estate stocks hitting the ceiling price including CEO, HDC, VRE, HD6, TCH, TAL, DXG, PDR, DIG, DXS.

Foreign investors became a bright spot when they net bought VND1,160 billion in the whole market. HOSE alone recorded a net foreign cash flow of approximately VND1,223 billion. VIX led with a value of VND334 billion; VPB, MSN,ACB and VCI also strongly attracted foreign capital with net buying of VND108 - 164 billion per code. On HNX, foreign investors net bought about VND57 billion, while UPCOM recorded a net selling of nearly VND119 billion.

The strong increase on November 4 brought significant relief to investor sentiment, showing that bottom-fishing demand is returning after a period of deep adjustment.

Source: https://vtv.vn/vn-index-bat-tang-gan-35-diem-100251104183040349.htm