At 9:15 a.m., the VN-Index surpassed 1,536 points, the highest level ever recorded in a trading session. Last week, the index also set a new peak in terms of closing price.
The index representing the Ho Chi Minh City Stock Exchange continued to advance thanks to strong cash flows into leading stocks in the securities, banking and real estate sectors. The index reached a new peak of 1,546 points at 9:40 a.m. without encountering any obstacles.
VN-Index and VN30 charts at 9:40. |
This development is consistent with the forecasts of many securities companies before today's session. Most believe that strong cash flow and excitement will help the index representing the Ho Chi Minh City Stock Exchange surpass its old peak and possibly reach the 1,600-point zone in the short term.
Vingroup 's VIC stock contributed the most to this morning's session. At 9:45, this code increased by 2.3% to nearly 116,7000 VND, helping the VN-Index gain 2.5 points.
VCB, the stock with the largest market capitalization, ranked second in the list of stocks positively affecting the VN-Index when it accumulated 0.6%, to 62,400 VND.
The securities group continued to record an explosive trading session when a series of stocks such as VND, VIX, APS, SBS hit the ceiling. Other pillar codes such as SSI, VCI, HCM also increased by more than 3% compared to the reference.
In less than an hour of trading, the matched order value on the Ho Chi Minh City Stock Exchange was nearly VND10,000 billion. The top three positions all came from the securities group, namely VIX (VND573 billion), SSI (VND468 billion) and VND (VND448 billion).
Most analysts recommend investors hold stocks during periods of market excitement, but they are also starting to mention risk management. Some securities companies say investors can take partial profits, avoiding sudden drops that erode profits.
According to Yuanta Vietnam Securities Company, short-term risks in large-cap stocks are showing signs of increasing. The VN30 index chart has been outside the Bollinger Bands for 6 consecutive weeks, indicating that a correction may occur in the next 1-2 weeks. This is considered a new buying opportunity for investors with a medium-term vision (holding for 1-5 months).
Source: https://baobacninhtv.vn/vn-index-vuot-dinh-lich-su-postid422867.bbg
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