VN-Index reversed course and rose by more than 16 points.

Strong buying pressure in the afternoon session, especially in the financial and banking sector, helped the stock market reverse dramatically, with the VN-Index rising by more than 16 points.

Investors are watching the stock market ticker during a bullish trading session. (illustrative image)

At the close of trading on May 6th, the VN-Index rose 16.35 points to 1,891.2 points; the HNX-Index increased 1.04 points to 248.46 points.

The market leaned towards the buying side with 439 stocks rising and 302 falling. The VN30 basket recorded 24 gainers, only 3 losers, and 3 unchanged stocks, indicating a significant improvement in investor sentiment.

Market liquidity increased compared to the previous session. On the HOSE, the trading volume reached over 788 million shares, equivalent to a value of over 21,700 billion VND. The HNX recorded over 52.1 million shares traded, with a value of over 992 billion VND.

Positive developments were concentrated in the afternoon session as strong buying pressure helped the VN-Index reverse its downward trend and maintain its upward momentum until the end of the session. Banking stocks acted as the main support, with VCB, STB, TCB, and LPB contributing more than 3.7 points to the index. Conversely, selling pressure from some stocks such as MCH,FPT , NVL, and VHM somewhat narrowed the VN-Index's gains.

On the HNX exchange, the index also maintained its positive momentum thanks to the pull from securities and real estate stocks such as SHS (up 4.79%), NVB (up 1.89%), MBS (up 2.6%), and CEO (up 2.34%).

Looking at the sectors, finance was a standout performer, experiencing the strongest growth in the market with a 1.39% increase. Many securities and banking stocks surged, such as HCM (up 6.95%), VIX (up 6.99%), VCB (up 1%), TCB (up 1.8%), LPB (up 2.7%), andACB (up 2.21%).

Following closely behind were the utilities group (up 1.32%) and non-essential consumer goods (up 1.23%), with notable gains in stocks such as GAS (up 1.93%), POW (up 5.13%), REE (up 1.15%), MWG (up 1.42%), and PNJ (up 0.89%).

Conversely, the media services group experienced the sharpest decline in the market (down 1.18%), with stocks such as VGI (down 1.57%), FOX (down 0.76%), ODE (down 0.22%), and GLT (down 0.61%) all undergoing corrections.

Regarding foreign investor transactions, this group continued to heavily net sell on the HOSE with a value of over 1,102 billion VND, concentrated in FPT (453.35 billion VND), ACB (213.21 billion VND), HPG (212.12 billion VND), and VIC (186.88 billion VND). On the HNX, foreign investors net sold over 2.2 billion VND, mainly in CEO (12.14 billion VND), SHS (10.3 billion VND), IDC (2.41 billion VND), and DXP (2.33 billion VND).

The widespread upward trend, coupled with improved liquidity, indicates that capital is flowing back into the market; the financial sector continues to play a leading role.

PV (compiled)

Source: https://baohaiphong.vn/vn-index-dao-chieu-tang-hon-16-diem-542223.html