VN-Index makes a spectacular comeback and the return of king stocks

VN-Index increased by nearly 60 points

The stock market on August 26 witnessed a spectacular comeback in the afternoon session. In contrast to the widespread red that pulled the VN-Index down to 1,608 points in the morning, the HOSE index closed at the session's highest level at 1,667.63 points, up 53.6 points (+3.32%) compared to yesterday's session and up 60 points compared to the session's lowest level. to 1,667.63 points. The VN30-Index even broke out to increase by 65.93 points, closing at 1,849.05 points.

The increase mainly came from financial stocks, especially banks and securities. After being the "culprit" that dragged the index down in yesterday's session, the banking group had a spectacular comeback when a series of codes jumped from floor to ceiling. Vietcombank (VCB) shares increased by nearly 2%, thereby continuing to hold the No. 1 position in terms of capitalization, consolidating the throne against competition from other large stocks.

Market liquidity was lower than the session on August 25 but still maintained at a high level with the total transaction value on the three floors reaching over 42,500 billion VND. Transactions on the VN30 basket alone reached over 21,375 billion VND, accounting for nearly 54% of the transaction value of the HOSE floor (39,300 billion VND). More than a dozen stocks reached liquidity of over a thousand billion VND, led by SSI with 3,584 billion VND, followed by VPB with 1,613 billion VND,SHB with 1,463 billion VND, HPG with 1,391 billion VND, and CII with 1,374 billion VND.

Foreign investors became a bright spot right from the beginning of the session when they continuously bought net. In total, foreign investors disbursed a net of nearly VND690 billion. Although the net buying level was relatively modest, today's buying session ended a streak of 13 consecutive net selling sessions by foreign investors. MSB was the largest net buyer with more than VND655 billion.

This is also the stock with the most impressive reversal in the session, when it fell sharply at one point but closed with a dramatic increase. The group of stocks that were strongly bought by foreign investors also included VIX and MWG. On the contrary, HPG, VHM and OIL were sold the most but still closed in the green.

List of stocks bought and sold the most by foreign investors in the session.

Vietcombank firmly holds the top 1 position in capitalization

Green dominated with 595 stocks increasing in price, of which 38 stocks hit the ceiling, overwhelming 161 stocks that fell and 15 stocks that hit the floor. Large-cap stocks recovered strongly and contributed the most to the recovery of the general index. Vingroup stocks continued to be an important driving force of the VN-Index when VHM hit the ceiling, VIC increased by more than 3.44%. These two stocks were in the top 3 stocks with the most positive impact on the VN-Index, along with VPBank stocks.

Banking stocks were the "culprits" that dragged the VN-Index down, but they were also the big driving force for the increase in this afternoon's session. Many banking stocks rose from the floor to the ceiling. With an increase of less than 1.6%, Vietcombank shares only increased modestly compared to the general level of the banking group. However, this was enough to help the "big brother" of the banking industry regain the top position in terms of capitalization when during the session, there was a time when the above ranking was ceded to Vingroup.

List of listed organizations with the largest capitalization on the stock exchange. Source: Synthesis

Most stocks increased positively. The most notable bright spot among the industry groups that increased today was the securities industry stocks. SSI, VND, VIX, ORS and CTS all increased to the ceiling. SSI shares were sold by a relatively large amount of foreign investors (nearly 93 billion VND) but were still the "bright star" of the session with leading liquidity and stock prices increasing at a maximum amplitude. In addition, retail, steel and oil and gas stocks all recovered with the majority of green.

Source: https://baodautu.vn/vn-index-loi-nguoc-dong-ngoan-muc-va-su-tro-lai-cua-co-phieu-vua-d371577.html