VN-Index increased by more than 15.5 points, industrial park group broke out thanks to the Trump effect

VN-Index increased the most since the session on September 18. A series of industrial park stocks broke out strongly right after the election results gradually revealed Mr. Trump's victory in the race for the US presidency.

VN-Index increased by more than 15.5 points, industrial park group broke out thanks to the Trump effect

VN-Index increased the most since the session on September 18. A series of industrial park stocks broke out strongly right after the election results gradually revealed Mr. Trump's victory in the race for the US presidency.

Liquidity in the stock market has been low for many days as investors continue to be cautious and wait for developments in the US presidential election. However, in the session of November 6, trading was positive as many stock groups increased in price right from the opening. Vietnamese stock investors closely followed the results of the US presidential election in the states. Mr. Trump's early dominance immediately had a positive impact on the sentiment of domestic stock investors.

The indices remained green throughout the entire trading session, with the industrial park stocks booming. Industrial parks are considered to be the sector that will benefit from Trump's presidency. Many experts believe that Trump's presidency will strengthen the trend of FDI leaving China and Vietnam will be a potential destination for this capital flow.

The rally intensified in the afternoon session as a series of data showed that Mr. Trump had won more than the minimum number of electoral votes to become the 47th President of the United States. Industrial park stocks extended their gains, with KBC, SIP, SZC and VGC all being pulled to their ceiling prices. TIP rose 5.8%, LHG rose 5.2% and GVR increased 5.14%. With a very strong rally, GVR was the stock with the most positive impact on the VN-Index, contributing 1.59 points.

Not only the industrial park group, but also the export stocks such as textiles, fertilizers, chemicals... also had very positive fluctuations in today's session. In the textile group, GIL increased by 3.36%, VGT increased by 2.94%, TNG increased by 2.4%... The textile industry is considered to be positively affected when Mr. Trump becomes President because this industry is labor-intensive and can hardly be replaced by the US domestic market. However, STK surprised everyone by going against the market and industry trends when it decreased by 0.4%.

The group of securities stocks also recorded positive results following the general market, in which MBS increased by 3.9%, AGR increased by 3.7%, VDS increased by 3.3%, VCI increased by 2.5%... Meanwhile, the group of real estate stocks recorded "weak" cash flow in today's session, in which, although many codes had green, the increase was not too strong. NLG increased by 1.14%, NVL increased by 0.97%, DXG increased by 0.9%, NTL increased by 0.51%. DIG even closed the session in red with a decrease of 0.24%.

In the VN30 group, MWG was the only stock that did not increase in price today, maintaining the reference level of VND 65,600/share, while all the remaining 29 stocks increased. Besides GVR, the next stocks that had a positive impact on the VN-Index were CTG (1.1 points), BID (0.89 points), TCB (0.77 points)...

On the other hand, HVN decreased by 1.1% and was the code with the most negative impact on the VN-Index, taking away 0.13 points from the index. KDC, DHG, VFG… were also on the list of stocks that negatively impacted the VN-Index.

Top 10 stocks with the strongest impact on VN-Index on November 6.

At the end of the trading session, VN-Index increased by 15.52 points (1.25%) to 1,261.28 points. The entire floor had 312 stocks increasing, 61 stocks decreasing and 56 stocks remaining unchanged. HNX-Index increased by 2.9 points (1.29%) to 227.76 points. The entire floor had 115 stocks increasing, 36 stocks decreasing and 61 stocks remaining unchanged. UPCoM-Index also increased by 0.81 points (0.88%) to 92.71 points.

Total trading volume on HoSE alone reached 557 million shares, worth 14,185, up 30% compared to the previous session. Trading value on HNX and UPCoM reached 987 billion VND and 579 billion VND respectively.

Foreign investors have maintained net selling momentum since October 11.

Foreign investors maintained a net selling position of VND383 billion on HoSE. Of which, VHM continued to be sold strongly with VND150 billion. MSN and SSI were sold net with VND135 billion and VND67 billion respectively. On the other hand, foreign investors bought the most net HPG with VND43 billion, TCB was also bought net with VND37 billion. Foreign investors on HNX also sold net VND74 billion and focused on selling IDC with VND68 billion.

Recent information from the Vietnam Securities Depository and Clearing Corporation (VSDC) shows that the total number of securities accounts of domestic and foreign investors at the end of October 2024 exceeded 9 million. The above figure is equivalent to 9.05% of Vietnam's population. The number of net opened domestic individual investor accounts reached 156,568 accounts in October 2024. This is the second consecutive month of decline and also at the lowest level in the past 4 months. In the first 10 months of 2024, domestic individuals opened more than 1.7 million new securities accounts.

Meanwhile, the group of foreign investors opened 230 new securities accounts in October 2024, 28 more than the previous month. Of which, foreign individual investors opened 202 new accounts. Foreign institutional investors opened 28 new accounts. After the first 10 months of 2024, foreign investors opened a total of 2,052 new accounts.

Source: https://baodautu.vn/vn-index-tang-hon-155-diem-nhom-khu-cong-nghiep-but-pha-nho-hieu-ung-trump-d229345.html