VN-Index surpasses the 1,600 point mark.

Illustrative image.

The stock market on March 24th recovered positively after three previous sessions of sharp declines, as selling pressure eased and bargain-hunting returned, although caution remained. As a result, the VN-Index not only regained the 1,600-point mark but also extended its gains in the afternoon session.

The market was dominated by green, with many stocks even hitting their upper limit. The real estate sector became the focal point for bargain-hunting, experiencing the strongest gains in the market with a series of breakout stocks such as TCH, NLG, and CEO reaching their maximum allowed increase; HDC rose 5.52%, IDC 5.42%, NVL 5.58%, and DIG 5.47%... This development indicates that speculative capital has returned to the group of stocks that had undergone deep corrections in previous sessions.

Consumer stocks also recovered significantly. PET, VVS, and HHS hit their upper limit; FRT rose 5.33%, DGW increased 4.19%... This spread to the retail and distribution sector shows that market sentiment is gradually stabilizing after the sharp correction.

In the financial sector, bank, securities, and insurance stocks all rebounded. BVH and MIG hit their upper limit; VPB rose 5.21%, TPB 4.64%, TCB 3.29%,ACB 2.67%, and CTG 2.23%. The securities sector also performed well, with VND up 5.24%, SHS 4.05%, HCM 3.4%, and VCI 2.26%, reflecting expectations of improved liquidity as the market recovers.

The industrial sector also saw positive developments, with CII, PAC, and HVN hitting their upper limits; GEE increased by 4.93%, GEX by 4.51%, HAH by 4.63%, and HHV by 3.56%... The synchronized upward trend across many sectors helped the market maintain its positive momentum throughout the afternoon session.

At the close of trading on March 24, the VN-Index rose 23.6 points to 1,614.77 points, with 273 stocks gaining, 59 stocks losing, and 48 stocks remaining unchanged. On the Hanoi Stock Exchange, the HNX-Index increased 6.27 points to 243.81 points, with 117 stocks gaining and 49 stocks losing.

Market liquidity decreased compared to the previous session as investors remained in suspense, awaiting signs of stabilization after a series of sharp fluctuations. The total trading value on HOSE reached nearly 20,200 billion VND, a decrease of approximately 6,700 billion VND compared to the previous session. Overall, liquidity on both exchanges reached over 21,300 billion VND.

Foreign investors continued their net selling streak for the eighth consecutive session on the HOSE, with a value of nearly 434 billion VND. Selling pressure was concentrated on VIC (over 148 billion VND), MWG (over 147 billion VND), and VHM (nearly 138 billion VND), somewhat hindering the market's recovery.

Although liquidity has not improved significantly and foreign investors continue to be net sellers, the emergence of bargain-hunting demand in many sectors indicates that market sentiment is gradually stabilizing. If capital flows continue to improve in the coming sessions, the VN-Index could consolidate above 1,600 points and move towards a clearer recovery after a period of strong volatility.

Source: https://vtv.vn/vn-index-vuot-xa-moc-1600-diem-100260324163522642.htm