VN-Index hits 9-month high

The index representing the Ho Chi Minh City Stock Exchange today reversed from decreasing to increasing, continuing the upward trend for the fourth consecutive session to return to the price range at the end of September 2022.

VN-Index closed at 1,129.38 points, up more than 4 points from the reference, although buying power did not fluctuate much compared to yesterday. The driving force for the weekend increase came from large-cap stocks in the VN30 basket such as VNM, VPB, BVH, HPG.

On the Ho Chi Minh City Stock Exchange today, 235 stocks increased and 200 stocks decreased. Banks, securities and airlines were the groups of stocks that recorded consensus green; while real estate and oil and gas stocks were under strong selling pressure, so most of them closed below the reference.

Market liquidity reached nearly VND18,200 billion, of which the VN30 basket contributed more than VND7,000 billion. The top 5 stocks in terms of trading value included VPB, VNM, HPG, VND and STB with liquidity ranging from VND500-800 billion. The common point of these stocks is that they all increased compared to the reference.

Foreign investors today disbursed approximately VND1,180 billion, while selling more than VND1,220 billion, or a net selling value of about VND40 billion. HPG continued to be the most net-purchased stock by foreign investors with more than VND128 billion, followed by SHS, VHM and KDH.

According to Phu Hung Securities Company, the market is continuing its short-term recovery trend. Investors are advised to continue taking short-term trading positions with priority given to stocks with good fundamentals, forecasted growth in Q2 business results and attracting cash flow.

Orient

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