Before the first trading session of the week, many securities companies were inclined towards the scenario that VN-Index would continue to rise thanks to positive cash flow, foreign support and good leading pillar stocks. Technical corrections may appear when the index enters the strong resistance zone of 1,480 points.
This forecast coincided with the developments of the July 14 session, when the VN-Index increased sharply at the opening and quickly surpassed the 1,470-point mark thanks to the cash flow of domestic and foreign investors. The closer it got to the resistance level, the greater the profit-taking pressure, causing the index to suddenly reverse and at times lose the 1,450-point mark. However, the cash flow on the sidelines quickly joined in to bring the index back to the reference and gradually widen the range in the final minutes of the session.
VN-Index closed at 1,470 points, up nearly 13 points from the reference and only 4% away from the historical peak, equivalent to 58 points.
The market today, July 14, continued to lean towards the buying side with 206 stocks closing above the reference, of which 15 stocks increased by the full range. Meanwhile, the number of stocks decreased by only 117 stocks.
Two pillar stocks of Vingroup group contributed about 5 points to VN-Index. VIC accumulated 4.6% to 113,000 VND, while VHM increased 1% to 88,800 VND.
Other real estate stocks were also in a state of excitement. The pair of Dat Xanh stocks, DXG and DXS, both hit the ceiling, closing the session with no sellers. LDG extended its ceiling-hit streak with liquidity soaring to nearly 43 million shares. Other stocks in this group such as PDR, DIG, SCR, CEO, and KDH had a more modest increase of about 3%.
The banking group was also the main driver of the index's increase. VPB today reached its highest price in the past 3 years (VND21,000) and led the group's price increase. EIB, OCB, BID, STB, MBB shared the next positions with increases of 0.4 - 3.3%. On the other hand, some pillar stocks of the banking group such as CTG, VCB, SHB ... closed below the reference price although the amplitude was not large.
The stock group fell sharply this morning, but all reversed from mid-session to the end of the session. Leading codes such as SSI, VCI, HCM, BSI... all remained green with a differential increase of 0.2-4.4%.
Other industry groups such as oil and gas, steel, fertilizer, seaports, and aviation began to show strong differentiation when only a few codes agreed with the VN-Index, the rest decreased by 1-2%.
Ho Chi Minh City Stock Exchange had the second consecutive session with liquidity of over 31,000 billion VND. The market recorded 3 stocks with transaction value of thousands of billions, including SSI (1,519 billion VND), VPB (1,321 billion VND) and HPG (1,277 billion VND).
Foreign investors remained an important driving force when they net bought for 9 consecutive sessions. This group disbursed 3,207 billion VND, while selling only about 3,075 billion VND. Foreign capital flow focused on VPB with a net purchase volume of nearly 9 million shares, followed by DXG, VIX and MBB.
VN (according to VnExpress)Source: https://baohaiphongplus.vn/vn-index-tang-manh-7-phien-lien-tiep-416339.html
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