VN-Index surpasses 1,750 points thanks to VIC hitting the ceiling, investor portfolios are still "on fire"

(NLDO) - The purple color of VIC combined with the increase of other large-cap stocks helped VN-Index gain more than 12 points, but selling pressure still covered a wide area.

Opening the first trading session of the week (December 8), the stock market continued to be strongly influenced by the "private story" of the Vingroup group. Cash flow poured into VIC code from the beginning, creating psychological support to help VN-Index maintain green throughout the trading period, despite the profit-taking pressure that was taking place silently but fiercely in the mid-cap group.

At the end of the session, VN-Index increased by 12.42 points (0.71%), closing at a high of 1,753.74 points. VN30 also extended its increase by 8.32 points (+0.42%), to 1,983.82 points. Liquidity on the HoSE floor reached more than VND19,624 billion, of which the large-cap VN30 group accounted for more than half of the value.

Indexes rose but most of the market remained in the red.

However, the electronic board showed a clear "green skin, red heart" paradox. Although the index increased sharply, the entire HoSE recorded 217 stocks decreasing, completely overwhelming the 104 stocks increasing. This means that the majority of investors holding small and medium stocks still suffered losses in a session when the market exploded in points.

The biggest credit goes to VIC (Vingroup) as this code continues to have the second consecutive ceiling price increase, reaching a market price of 152,700 VND/share. In addition, VHM (Vinhomes) also increased by 2.8% to 110,000 VND, playing a strong supporting role. VRE in the Vin family went against the direction of its two seniors when it decreased by 2.5%.

Another pillar, GAS (PV Gas), also unexpectedly increased by 2.2%, contributing to maintaining the index's momentum. Notably, SAB ( Sabeco ) shares also unexpectedly increased by the full 7% range, maintaining the index's upward momentum.

On the other hand, selling pressure spread to the banking, steel, real estate, and stock groups. Most of the major bank stocks were in red: TCB fell 1.4%, CTG fell 0.8%, VCB fell 0.7%, VPB fell 0.5%. The rare bright spot in this group was MBB which increased slightly by 0.6%. Meanwhile, the "national stock" HPG fell 0.9% to VND26,750.

The retail and consumer goods group also traded poorly when MWG, MSN, and VJC all closed below the reference level.

According to analysts, the market is showing signs of "pulling the pillar to sell off". The fact that the index increased sharply but the market breadth narrowed significantly is a risky signal. Cash flow is not spreading but only clustering in a few stocks with their own stories like VIC to anchor the index in the high zone, while the psychologically leading industry groups such as securities, steel, and banking are all weakening. Therefore, investors need to be careful with the bull trap at the 1,750 point area.

Source: https://nld.com.vn/vn-index-vuot-1750-diem-nho-vic-tang-tran-danh-muc-nha-dau-tu-van-do-lua-19625120815193869.htm