VN-Index increased the most in 30 sessions, surpassing the 1,630 point mark

In the trading session on November 12, the Vietnamese stock market witnessed a rare strong rebound when the VN‑Index increased by 38.25 points, equivalent to +2.4% to 1,631.86 points - the strongest increase in the last 30 sessions.

Cash flow returns strongly, VN-Index breaks out more than 38 points, green color spreads across 22 industry groups

The Ho Chi Minh City Stock Exchange (HoSE) closed with the “switchboard” dyed in green with 268 stocks increasing, only 58 stocks decreasing and 36 stocks remaining unchanged. Thus, the market breadth has improved significantly compared to the morning session with 209 stocks increasing/90 stocks decreasing.

The highlight of the session was the strong spread from the leading pillar group. The blue-chip group representing the VN30‑Index basket closed up +2.78%, of which 25 codes increased by more than 1%, and 9 codes increased by more than 2% in the afternoon session. Only BCM code decreased slightly by -0.15%. The liquidity of this basket skyrocketed +88.1% compared to the morning, confirming the entry of new money.

Many pillar stocks participated: VIC increased by 2.77% in the afternoon session, closing up to 5.07% compared to the reference; VHM increased by 2.62%, closing +4.44%; TCB increased by 3.55%, closing +4.01%; CTG increased by 1.97% in the afternoon and reversed to increase +1.44%.

Some prominent small and medium-cap stocks also had very large transactions and closed at the ceiling price such as CII (added VND 244.7 billion in afternoon trading), VSC (added VND 144.5 billion) and Gelex Group ecosystem stocks such as GEE (+6.94%), VSC (+6.95%), GEX (+4.28%).

According to statistics, all 22/22 industry groups increased in today's session. Notably, the information technology industry increased by about +4.5%, thanks to the strong recovery of leading stock FPT; the real estate group increased impressively with many "green and purple" codes such as NVL (+6.97%), CEO (+5.3%), KHG (+6.81%), VPI (+3.85%), DIG (+2.23%), PDR (+4.7%); the securities, banking, and insurance industries also contributed positively with increases of +1.46%, +1.77%, and +2.84%, respectively. Some codes increased by over 3%:SHB (+3.16%), VIX (+4.5%), BVH (+4.87%), SSB (+3.31%).

Market liquidity recorded a remarkable increase: total matched order value on HoSE and HNX in the afternoon session increased +73.6% compared to the morning, reaching more than VND 13,227 billion, the highest level since the beginning of the week.

However, despite the sharp increase in scores, liquidity for the whole day still only reached over VND21,800 billion with about 748 million shares traded, a slight increase compared to the previous session but not yet explosive.

In today's session, foreign investors reversed direction and net bought +137.9 billion VND on HoSE, after net selling up to 524 billion VND in the morning session. The stocks that were strongly net bought included VIC (+258.5 billion), HPG (+115.1), FPT (+114.7), MSN (+89.2), VNM (+83). Meanwhile, the stocks that were net sold were: VCI (-197.6 billion), HDB (-171.1), VIX (-150.5), STB (-135), TCX (-96.1)...

Investors are still cautious despite the strong rebound. The reason is that although the VN-Index has increased well, according to a report by DSC Securities Company (DSC), the market is in a medium-term correction phase after a period of strong growth of over 10% from the peak, along with liquidity still at a low level, only about 60% compared to the peak period in August.

According to DSC, despite a strong bounce, the current performance is likely just a recovery in a medium-term correction trend. In terms of valuation, the market is currently trading around a forward P/E of about 11.8 - 11.85 times, significantly lower than the 5-year average, which could be a sign that the price level is starting to become attractive for long-term investors.

In terms of technical support, the 1,600-point area is still considered a key point. The fact that the VN-Index surpassed 1,631.86 points today creates room for the coming sessions but also opens up the possibility of re-testing if the cash flow does not continue to be strong.

Session Highlights:

- Cash flow is gradually spreading from large pillars to small and medium-sized stocks, but it is necessary to monitor whether stocks that have increased strongly are being "taken profit".

- Liquidity has increased but has not yet exploded, showing that the transition from the "seller side" to the "buyer side" is still in process.

- Foreign investors have returned to net buying today, but it is necessary to observe whether the buying force is sustainable or not.

- Today's increase could be an accumulation opportunity for long-term investors as the price level is cheaper, but short-term investors need to monitor whether the market can make a slight adjustment to reopen positions.

Thus, the trading session on November 12 was a clear recovery: green spread across the market, leading stocks jumped strongly, liquidity improved and the whole market recorded positive fluctuations. However, in the context of the market being in a "recovery" state after the correction, disbursement needs to be carefully considered, not only looking at the score but also monitoring the quality of cash flow and the possibility of the trend continuing. Long-term investors can see this as an opportunity to increase the proportion, while short-term investors should be vigilant for the correction that can appear at any time.

Source: https://thoibaonganhang.vn/vn-index-bat-tang-manh-nhat-30-phien-vuot-moc-1630-diem-173468.html