VN-Index stays green

VN-Index increased by 4.08 points

The domestic stock market opened this morning with the main index remaining in the green throughout the session. However, the liquidity level was very low compared to yesterday's session, showing the caution of investors in the high price range.

Although the main index increased, only a few stocks in the VN30 basket showed green. Notably, VIC was the stock that increased strongly, even reaching the ceiling. This was also the main stock that played a key role in bringing green to the VN-Index this morning, contributing about 9 points to the general market. This increase also spread to some stocks in the Vin ecosystem such as VHM and VPL.

VNM was also a rare bright spot of the VN30 basket with a 0.79% increase at the close of the session.

In other industry groups such as Aviation, Information Technology, and Consumer Staples, green was only seen in a few individual stocks, including DBC, SCS, ELC, and CMG.

On the downside, MBB and VJC were the two stocks that took the most points from the main index, down about 1-2%.

The increase of some industry groups such as Banking and Securities in the afternoon session also disappeared in this morning session. CTG LPB, VCI, SHS decreased by about 1%.

Oil and gas, chemicals, construction materials, and infrastructure construction also recorded not very positive developments.

Foreign investors this morning recorded a total net selling value of about 602 billion VND.

At the end of the trading session on December 5, VN-Index increased by 4.08 points to 1,741.32 points. Trading volume reached more than 658 million shares, equivalent to nearly 20,054 billion VND. The entire floor had 101 stocks increasing in price, 211 stocks decreasing and 54 stocks remaining unchanged.

On the Hanoi Stock Exchange, the HNX-Index fell 1.66 points to 260.65 points with more than 64.4 million shares traded, equivalent to more than VND1,233 billion. The UPCoM-Index fell 0.45 points to 120.49 points, with trading volume reaching 49.4 million shares, equivalent to VND579 billion.

It is noteworthy that the increase of VN-Index mainly comes from the group of stocks of the Vingroup family. In the VN30 basket, there are 24 stocks decreasing in price, only 3 stocks increasing and 3 stocks remaining unchanged. However, VIC - the stock with the largest market capitalization increased by the ceiling of 6.97% to 142,800 VND/share; VHM also increased by 1.71%. These two stocks play an important role in balancing the red covering most of the VN30 basket. On the contrary, the banking, securities, oil and gas and real estate groups all decreased, showing that if the impact of Vingroup is separated, the market performance is generally negative.

Foreign investors returned to net selling a total value of 677 billion VND across the market. On HOSE, foreign investors net sold 605 billion VND, focusing on VIC (137 billion VND), SSI (137 billion VND),ACB (114 billion VND), VIX (77 billion VND); on HNX, foreign investors net sold 64 billion VND, focusing on MBS, PVS, CEO, SHS. On UPCOM, foreign investors net sold 8 billion VND, mainly on ACV, AVG, MFS...

Although the index remained green, the negative market breadth and slightly declining liquidity showed that cautious sentiment remained. The fact that the VN-Index increased mainly thanks to the large-cap group means that the risk of a short-term correction still exists, especially when foreign investors return to strong net selling.

In the coming sessions, the market may fluctuate within a narrow range, depending largely on the performance of bluechip groups (stocks of reputable companies with solid financial status and large market capitalization), especially Vingroup, along with domestic cash flow in leading groups such as banks and securities.

Source: https://vtv.vn/vn-index-giu-sac-xanh-100251205174538443.htm