VN-Index rises cautiously.
The stock market session on December 25th started with investor anxiety. Last week, the VN-Index managed to stay in positive territory after several significant fluctuations. However, investors remained less optimistic due to the severe liquidity slump, which had hit rock bottom.
Therefore, at the start of the new week, the VN-Index only showed a very slight increase. However, due to the relatively low selling pressure, the market became more confident, and green increasingly covered the electronic trading board.
According to VCBS Securities Company, one of the positive signals for the market is that net selling by foreign investors has decreased by almost half. Over the past period, foreign investors had net sold approximately 25,000 billion VND. Therefore, the "braking" of selling by foreign investors in the December 25th trading session had a positive impact on market sentiment.
The optimism from foreign investors contributed to a more optimistic outlook among domestic investors, leading to a strong increase in the VN-Index towards the end of the trading session. Sectors with a significant market capitalization in the VN-Index, such as banking and real estate, also showed signs of recovery, creating a positive foundation to drive the index's upward trend.
The stock market surged on December 25th, but investors remained cautious due to continued low liquidity. The focus of the market was the soaring performance of Vietnam Airlines shares. (Illustrative image)
At the close of trading on December 25th, the VN-Index rose 14.60 points, or 1.32%, to 1,117.66 points; the VN30-Index increased 14.41 points, or 1.31%, to 1,111.86 points. Across the entire exchange, 409 stocks gained, 92 remained unchanged, and 78 declined. Within the VN30 group, only one stock, GVR, declined, while the remaining 29 closed in positive territory.
However, the VN-Index only rose cautiously as liquidity, although improved, remained very low. Only 659 million shares, equivalent to VND 15,150 billion, were successfully traded. The VN30 group recorded 195 million shares, equivalent to VND 6,071 billion, changing hands.
On the Hanoi Stock Exchange, the indices were less buoyant. At the close of trading on December 25th, the HNX-Index rose 1.18 points, or 0.52%, to 229.45 points; the HNX30-Index increased 4.23 points, or 0.87%, to 492.89 points. Liquidity on the Hanoi Stock Exchange also remained low, with only 61 million shares, equivalent to 1,288 billion VND, successfully traded.
"We recommend that investors consider increasing their holdings in stocks that have successfully tested support zones or shown signs of breaking above their peaks, particularly in sectors such as oil and gas, securities, and real estate," VCBS advised investors.
Vietnam Airlines soars high
The stock market session on December 25th witnessed gains across all stocks and sectors. Among blue-chip stocks, Masan Group's MSN stock outperformed the others, rising by 3,400 VND/share, equivalent to 5.4%, to 66,400 VND/share.
Following MSN in terms of upward momentum are PLX (up 850 VND/share, equivalent to 2.51%, to 34,650 VND/share), GAS (up 1,800 VND/share, equivalent to 2.41%, to 76,500 VND/share), VHM (up 900 VND/share, equivalent to 2.23%, to 41,200 VND/share), VRE (up 450 VND/share, equivalent to 1.96%, to 23,400 VND/share),…
However, the highlight of the stock market on December 25th was not MSN or any other blue-chip stock, but rather HVN shares of Vietnam Airlines. HVN was one of the rare four stocks that hit the ceiling price during the December 25th trading session.
At the close of trading on December 25th, HVN rose by 750 VND/share to 11,750 VND/share. This is the highest price for HVN since mid-October 2023. Trading volume for HVN surged to 532,900 shares, higher than the average trading volume of 344,910 shares over the past 10 trading sessions.
HVN shares soared after the Ho Chi Minh City Stock Exchange (HoSE) announced its decision to remove HVN shares from the warning list effective December 26th, following the successful holding of the 2023 annual general meeting on December 16th (addressing the reasons that led to the stock being placed on the warning list).
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