Stock market "escaped danger" on August 11th thanks to VIC shares.
The August 11th stock market session began with the negative momentum from the August 10th session. Despite early fluctuations and volatility, the VN-Index managed to turn green at the start of the session. However, red quickly prevailed. By the beginning of the afternoon session, the decline intensified, leading to pessimism among investors.
However, the stock market on August 11th took a major turn thanks to Vingroup 's VIC stock. One of the most important pieces of information supporting VIC in recent sessions is the upcoming listing of VinFast on the US stock exchange. If that happens, VIC stock is predicted to make significant progress.
This is why, as the afternoon progressed, a massive influx of money flowed into VIC shares. At the close of trading on August 11th, VIC hit its ceiling price, rising by 4,700 VND/share to 72,600 VND/share. On the electronic trading board, the buy and sell orders for VIC were completely empty, while the buy side had over 700,000 orders at the ceiling price.
The stock market on August 11th would have been in the red if not for the surge in VIC shares. Thanks to the news that VinFast is about to list on the US stock exchange, VIC hit its ceiling price, spreading the positive sentiment across the entire market. (Illustrative image)
VIC's trading volume also increased sharply, reaching over 23 million units. Recently, VIC's daily liquidity has reached approximately 12 million units. With both price and liquidity soaring, VIC has made a significant contribution to the "revival" of the stock market on August 11th.
VIC's contribution to the August 11th stock market session was also evident in the fact that, thanks to VIC's "inspiration," many other stocks turned from red to green, so that the VN-Index closed the session in positive territory.
Thanks to VIC, at the close of trading on August 11th, the VN-Index increased by 11.6 points, equivalent to 0.95%, to 1,232.21 points; the VN30-Index increased by 14.57 points, equivalent to 1.19%, to 1,240.77 points.
Liquidity on the August 11th trading session wasn't explosive but remained very high. Over 1 billion shares, equivalent to 21,278 billion VND, were successfully traded. The VN30 group saw 241 million shares, equivalent to 8,012 billion VND, change hands.
On the Hanoi Stock Exchange, the indices remained relatively stable, rising slightly with moderate trading volume.
At the close of trading on August 11th, the HNX-Index rose 1.34 points, or 0.55%, to 245.25 points; the HNX30-Index increased 3.4 points, or 0.7%, to 491.47 points. Only 117 million shares, equivalent to VND 1,868 billion, were successfully traded.
Real estate stocks remain "hot".
Stocks "inspired" the entire stock market on August 11th. Among them, real estate stocks were the most buoyant, with several reaching their ceiling price, such as the leading stock VIC.
At the close of trading on August 11th, DXS increased by 1,300 VND/share to 20,250 VND/share; QCG increased by 750 VND/share to 11,900 VND/share; and TCH increased by 800 VND/share to 12,700 VND/share.
Several other stocks that didn't close the August 11th trading session in the purple (indicating a significant price increase) also rose quite strongly. PDR increased by 450 VND/share, equivalent to 2.1%, to 21,900 VND/share; TDH increased by 140 VND/share, equivalent to 2.4%, to 5,910 VND/share;…
Conversely, pressure on real estate stocks remains quite significant. In the August 11th trading session, while some stocks followed VIC's lead, many others experienced significant declines.
At the close of the week, HPX fell 160 VND/share, equivalent to 2.68%, to 5,800 VND/share; VPI fell 700 VND/share, equivalent to 1.32%, to 52,500 VND/share;…
In the August 11th stock market session, VIC was so "brilliant" that it overshadowed the contributions of many other stocks. In fact, today, bank stocks also played a supporting role for the VN-Index.
At the close of trading on Friday, VCB rose 1,900 VND/share, equivalent to 2.1%, to 90,400 VND/share; STB increased 1,300 VND/share, equivalent to 4.3%, to 32,850 VND/share; CTG gained 450 VND/share, equivalent to 1.4%, to 32,100 VND/share,…
Source
Comment (0)