Prior to today's trading session, several securities firms advised investors to reduce their stock holdings, anticipating a continued decline for the VN-Index. This prediction held true only for the first half of the morning session, as the index traded in the red due to selling pressure on banking stocks. However, before the midday break, the index rebounded sharply and continued to expand its gains as capital flooded back into the market.
This upward momentum strengthened towards the end of the session. The VN-Index closed near 1,668 points, marking its strongest gain in 4 months, both in absolute value (53 points) and percentage (3.32%).
Large-cap stocks were the primary driver of the market's robust recovery following two sessions of correction. All VN30 stocks closed above their reference prices, with 4 reaching their ceiling prices. The index representing this basket increased by 66 points, equivalent to 3.7%.
The demand for large-cap stocks spread widely, painting the market green. The TP HCM exchange saw nearly 300 stocks increase, with 21 hitting their ceiling prices. Only 45 stocks declined.
VHM contributed most significantly to today's session. The stock rose to its ceiling price of 105,200 VND and closed with no sellers.
By sector, banking stocks regained their enthusiasm. All stocks in this group gained, except for KLB and VBB, which are traded on the UPCoM market. SHB and MSB led the surge, both reaching their ceiling prices. Large-cap stocks like TCB, ACB, CTG, and STB also gained over 3.5%.
Securities stocks followed a similar pattern. All stocks reversed from declines to gains, with SSI, VND, VIX, and ORS hitting their ceiling prices.
Real estate, steel, fertilizer, and oil and gas stocks were also awash in green, with gains commonly around 4%.
The Gioi Di Dong's MWG also saw significant movement, reaching its ceiling price of 73,600 VND. This stock ranked 8th among those with the most positive impact on the VN-Index.
Market liquidity reached 38,380 billion VND, down approximately 10% compared to the beginning of the week. SSI led in trading value with nearly 3,600 billion VND. VPB, SHB, HPG, and CII followed, ranging from 1,100 to 1,600 billion VND.
Foreign investors signaled positive sentiment by ending a 13-session selling streak. They returned to net buying, purchasing 940 billion VND. MSB was heavily bought by foreign investors, with over 41 million shares purchased, followed by CII and SHB.
Phuong Dong
