VN-Index increased for the 5th consecutive session, quickly conquering the 1,430 point mark

Strong cash flow continued to spread across the market, helping VN-Index extend its upward streak to the 5th consecutive session. Trading was active with the highest liquidity in nearly 3 months.

The trading session on July 9 continued to record a steady upward trend in the Vietnamese stock market. Green covered all three exchanges for most of the trading time. VN-Index increased by 15.86 points (+1.12%) to 1,431.32 points and marked the 5th consecutive increase. HNX-Index also increased by 0.95 points (+0.4%) to 238.63 points; UPCoM-Index increased by 0.54 points (+0.53%) to 102.5 points.

Not only the general index, green dominated with a total of 465 stocks increasing, 62% higher than the number of stocks decreasing (127 stocks). on the HOSE floor.

Vietcombank (VCB) shares - the listed organization with the largest capitalization scale is also the stock that contributes the most (nearly 5 points) to the VN-Index. The top 5 stocks that have the most positive impact on the VN-Index are VCB, VHM, VIC, BID and VPB respectively. On the contrary, TCB, FPT and LPB shares decreased, pulling the general index down but not too much.

Although the banking group had an impressive increase with many large stocks increasing, there was still differentiation. However, in the securities group, the increase was unanimous across the entire industry group. Some stocks increased dramatically such as PHS (+15%), ORS (+6.58%) or SSI increased by 5.55%... Only a few stocks closed in red.

Along with the index's upward momentum, liquidity in the entire market continued to "explode". On HOSE, the transaction value reached more than VND35,400 billion. HNX and UPCoM recorded transactions of VND2,756 billion and VND3,403 billion, respectively. The total transaction value of the entire market reached about VND41,590 billion, equivalent to USD1.58 billion.

Cash flow focused on large-cap stocks, especially banking and real estate stocks. Nearly a dozen stocks recorded liquidity of over a thousand billion VND, led by SSI with more than 72.5 million shares "changing hands" equivalent to a transaction value of 2,040 billion VND. Next was SHB (1,584 billion VND). FPT ranked third in transaction value with 1,503 billion VND, but also closed in red like SHB at the end of the session. Banking stocks such as VPB (1,324 billion VND), TCB (1,121 billion VND), VCB (1,003 billion VND) and the "big guy" in the steel industry HPG (1,078 billion VND) were also in the most active trading group.

Most of the stocks disbursed by foreign investors are actively traded.

Foreign investors maintained strong net buying with a net buying value of VND1,943 billion, focusing on securities and banking stocks. Stocks attracting foreign capital were all traded positively, except for SHB, which decreased by more than 1% after many impressive recent increases. SSI was the stock with the strongest net buying (VND476 billion). In addition, VIX and VND were also in the top 10 stocks attracting foreign capital. In the banking group, SHB, VCB, VPB and HDB all disbursed over hundreds of billions of VND.

VN-Index officially surpassed the 1,400-point mark from the first trading session this week. According to Mr. Nguyen Duc Khang, Head of Analysis Department, Pinetree Securities JSC, the Vietnamese stock market has so far conquered the 1,400-point mark three times. Ignoring the first time it surpassed the mark in a short time at the end of June 2021, the most recent time the market showed the strongest breakout momentum was at the end of October 2021. At that time, VN-Index successively conquered the 1,400 and 1,500-point marks and maintained above this mark until April 2022.

Experts from Pinetree believe that the current context is completely different from three years ago. If in 2021 the main driving force came from the “excitement of F0 cash flow”, at the present time, there are many reasons to support this “peak-over” development. In particular, the macro foundation has clearly improved. This time, the VN-Index has a real support from economic strength and policy orientation.

In addition to the internal foundation, according to experts, recent positive moves from management agencies have helped increase the possibility of realizing the goal of upgrading the Vietnamese stock market in the FTSE assessment in September, which is fueling the strong growth of the market.

Source: https://baodautu.vn/vn-index-tang-phien-thu-5-lien-tiep-nhanh-chong-chinh-phuc-moc-1430-diem-d327327.html