Investors pour money into banking stocks, driving the VN-Index up for six straight sessions to 1,731 points, despite significant declines in many Vingroup-related shares.
Vingroup's VIC code surged by 5% on high liquidity, becoming a pillar stock that lifted the VN-Index by nearly 7 points, even as the market continued to show a facade of gains with underlying losses.
Over 200 stocks declined, notably in the securities and banking sectors, causing the VN-Index to trade in the red for most of the day and close down over 1 point.
Vietjet Air stock surged to its ceiling price, nearing its previous peak, contributing to the stock market's nearly 7-point gain despite a "green shell, red core" market.
Investors pouring capital into the Vingroup group helped the VN-Index increase for the third consecutive session, nearing 1,660 points, despite a greater number of declining stocks.
Liquidity declines and the performance of small and mid-cap stock groups, along with market-sensitive sectors, are cooling down, indicating a gradual withdrawal of speculative cash flow, according to experts.
