VN-Index reversed course and rose 27 points.

After a volatile morning session, the stock market reversed course in the afternoon as large-cap stocks recovered en masse.

At the close of trading, the VN-Index rose 27 points (1.65%) to 1,663.43 points, the VN30-Index increased 45.04 points (2.41%) to 1,915.90 points, the HNX-Index rose 1.63 points (0.62%) to 264.65 points, and the UPCoM-Index fell 0.85 points (0.77%) to 109.46 points.

Total market liquidity reached over 52,000 billion VND, with HoSE accounting for nearly 48,000 billion VND. On the HoSE exchange, green dominated with 213 gainers and 133 losers.

The VN30 basket showed positive signs with 26 gainers and only 4 losers.FPT was the highlight, hitting its ceiling price of 93,000 VND/share. HDB also surged to its ceiling price of 32,350 VND/share. Both stocks had no sellers.

In today's session, the leading stock groups in the market included: VIC up 4.36%, FPT up 6.9%, HDB up 6.94%, LPB up 3.16%, and VHM up 2.69%. Conversely, some stocks put pressure on the market, such as MSN down 4.76%, VIX down 2.94%, NLV down 6.8%, and VND down 4.1%.

The banking sector stocks showed mixed performance. Stocks that rose includedSHB , VPB, MBB, ACB, and VIB, while TCB, EIB, VCB, and ABB reversed course and declined.

Earlier in the morning session, the VN-Index fell 5.96 points (0.36%) to 1,630.47 points, the HNX-Index dropped 2.17 points (0.83%) to 260.85 points, while the UPCoM-Index declined 1.7 points (1.54%) to 108.61 points. This morning, selling pressure continued to mount, particularly in the mid-cap and small-cap groups.

Stocks recovered after a record-breaking decline. (Illustrative image).

Thus, the market has partially recovered after yesterday's record decline (October 20th) thanks to relatively positive domestic economic factors, stable GDP growth, and a series of businesses reporting impressive Q3 results.

Rong Viet Securities (VDSC) forecasts that the market will soon find equilibrium in the next few sessions and continue to reflect corporate profit prospects, similar to the periods of June and August. The VN-Index may fluctuate in the range of 1,489 - 1,758 points in the near future.

This is a time for investors to calmly observe the situation, without panic selling. From a medium-term perspective, this correction could open up opportunities to buy at more attractive price levels.

According to SHS Securities, in the coming sessions, short-term demand may increase if the VN-Index continues to decline and retest the 1,570 - 1,600 point range. Investors should maintain a reasonable portfolio allocation. Investment targets should be focused on stocks with strong fundamentals, leading companies in strategic sectors, and those with outstanding economic growth potential.

ACB Securities recommends that the market will reach a balanced state due to bottom-buying demand, but generally, investors should focus on portfolio risk management and limit the use of margin during this period.

In line with this view, TPBank Securities forecasts that the VN-Index is likely to enter an extended correction phase. Investors are advised to closely monitor demand at this support level to make appropriate decisions.

HOANG DUNG

Source: https://vtcnews.vn/vn-index-quay-dau-tang-27-diem-ar972335.html