Right from the beginning of the morning session, VN-Index opened positively. The widespread excitement helped the index maintain its performance throughout the session and make a strong breakthrough in the afternoon session, closing near the highest level of the day.
At the end of the session, VN-Index stopped at 1,269 points, up 19.43 points (+1.55%), surpassing the strong resistance zone around 1,265 points. Meanwhile, VN30 increased sharply by 26.30 points (+1.99%) to 1,351.10 points, surpassing the price of the session that started to decline sharply due to tax imposition, retesting the resistance zone of 1,360 - 1,380 points before the sharp decline.
Market liquidity improved, with trading volume on HoSE reaching 780 million shares, equivalent to a value of nearly VND18,184 billion.
Market breadth was tilted towards the buying side with 230 stocks increasing, 92 Vietnamese stocks decreasing and 49 stocks remaining unchanged. Recovery was prominent in the industrial park, rubber, oil and gas, real estate, technology groups...; 92 stocks decreased with adjustment pressure in the seaport, fertilizer, agriculture groups and 49 stocks kept the reference price.
The growth momentum came from pillar stocks such as VIC (+4.64 points), GVR (+1.62 points) and FPT (+1.61 points). On the contrary, HVN and BWE were the two stocks that put slight downward pressure on the index with an impact of -0.13 points and -0.09 points, respectively.
Notably, foreign investors continued to maintain the net buying trend for the fourth consecutive session, with a total value of over VND246 billion. Buying power focused on large stocks such as VIC (+VND145 billion), MBB (+VND120 billion), HPG (+VND103 billion)... Meanwhile, net selling power was mainly recorded at VHM (-VND283 billion), VCB (-VND60 billion) and SSI (-VND52 billion).
The market is in the recovery phase, the recovery rate is better than before the initial information about the tariff negotiations with the US. Currently, the total market capitalization is about 282 billion USD. Although many stocks still have a relatively reasonable price range compared to the fundamental factors of the business. However, the market is recovering back to the price range of the trading session when the tariff was announced.
SHS Securities Company believes that this is not an attractive price range to consider further disbursement. Disbursement positions need to be selected more carefully, depending on the growth prospects at the current price range.
Source: https://baodautu.vn/vn-index-tien-ve-nguong-can-d280381.html
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