VN-Index reverses course, nearly 500 stocks rise in price.

After a series of sharp declines, the VN-Index unexpectedly reversed course strongly as buying pressure surged in the afternoon session of December 16th, helping the index rise by more than 33 points, ending five consecutive days of losses.

Many sectors traded actively on December 16th - Photo: HUU HANH

VN-Index approaches the 1,680 point mark.

The trading session on December 16th witnessed strong fluctuations as the market opened sluggishly, with red dominating throughout the morning. However, a sudden surge in buying pressure in the afternoon helped the market reverse course and surge.

The trading range during the session reached nearly 60 points, with the VN-Index falling by 16.6 points at one point but also surging by as much as 43.06 points at another.

At the close of trading, the VN-Index rose 33.17 points, or 2.02%, to 1,679.18 points, officially ending a streak of 5 consecutive declining sessions. Green dominated the trading board, with 253 stocks gaining and only 66 declining on the HoSE. Overall, the market recorded 491 gainers and 199 losers.

Most sectors traded positively. The banking sector became a key support as many stocks surged, with HDB and EIB hitting their upper limit. Stocks like LPB, TCB, MBB, TPB, VPB, CTG,VIB … all rose by 2% to 4%, significantly contributing to the index's recovery.

Top indicators influencing the Index on December 16th - Source: WiChart

The securities sector also surged strongly, with a series of stocks including SSI, VND, DSC, SHS, VIX, ORE, DSE, VIG, MBS… rising from 3.4% to 7%. Notably, VND closed at its ceiling price, reflecting positive expectations from investors regarding market liquidity prospects.

After two previous sessions of heavy selling, the real estate sector showed a clear recovery. CII and CEO hit their upper limit, while KDH, TCH, SCR, and DXG surged and approached their upper limits. QCG, however, bucked the general trend, falling to its lower limit.

The VN30 basket recorded a strong recovery as the VN30-Index increased by 40.03 points to 1,909.97 points, with 26 out of 30 stocks rising, including one that hit the ceiling price. Conversely, DGC unexpectedly fell to the floor price with a sell order of up to 5.3 million shares.

Within the Vingroup group, VIC remained at its reference price, while VPL hit its ceiling price, and VRE and VHM both increased by over 2.4%.

Liquidity on the HoSE improved significantly, reaching VND 23,356 billion, a 24.9% increase compared to the previous session and the highest level in about a month. Foreign investors returned to net selling, but the value was not too large, around VND 126 billion across all three exchanges.

Foreign capital flows focused on net buying of stocks such as TCX, MWG, VIX, BSR , SSI, VNM, CTG… while net selling was mainly in VIC, VCB, DGC, SGB and MSN.

Overall, after a prolonged decline, many stocks have retreated to attractive valuation levels, thereby stimulating strong bargain-hunting inflows. For example, GEX briefly fell to 36,500 VND/share during the morning session, its lowest level since July, and CII retreated to 22,200 VND/share, a strong support level.

Other stocks such as DIG, SSI, VND, CEO… also showed similar movements in the morning session, before all hitting or nearing the ceiling price at the end of the session, contributing to the market's impressive "comeback".

Large-cap stocks lead the market.

According to an analysis by Vietcombank Securities Company (VCBS), the VN-Index rose during the session thanks to the clear recovery of large-cap stocks, which also spread to many other stock groups in the market.

VCBS believes that, based on technical signals, the market is gradually stabilizing. On the daily chart, the RSI indicator – a measure reflecting the strength of the price trend – has reached a low and turned upwards. This indicates that selling pressure has significantly decreased and bottom-buying activity is becoming more apparent after a series of sharp declines.

In terms of trading strategy, the VN-Index rebounded after touching the 1,630-point support level, with widespread gains driven by the consensus among large-cap stocks.

In the current context, investors are advised to continue holding stocks that are maintaining a good upward trend, and may also consider investing for short-term trading purposes in stocks that successfully test support zones and attract renewed demand during periods of volatility.

Some notable sectors include banking, public investment, steel, and securities.

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Nhat Quang

Source: https://tuoitre.vn/vn-index-loi-nguoc-dong-gan-500-ma-tang-gia-20251216163158956.htm