Stocks improved at the end of the session

After being dyed red, at times breaking the 1,200 point mark, VN-Index quickly improved in the last minutes of the session and closed at 1,215 points.

VN-Index opened in the green, then quickly fell below the reference. The index fluctuated continuously in the first half of the morning, before entering a continuous decline until the end of the session.

The market took a turn for the worse in the afternoon when the HoSE index fell below the 1,200-point mark. By around 1:25 p.m., the VN-Index had fallen below 1,192 points, a decrease of nearly 25 points compared to the reference point.

After the ATC session, the decline was narrowed, VN-Index closed at 1,215.7 points, about 1 point lower than yesterday. VN30-Index had a more positive performance, increasing by 4.8 points.

The index decreased slightly, but the entire HoSE floor had 361 stocks closing in red, 2.6 times more than the opposite direction. The market was mainly improved by some large-cap stocks.

In general, real estate and securities were two groups with negative developments. NVL closed 4.5% lower than the reference price, DXG fell another 4.3%. Other codes such as DIG, PDR, CEO, CII also decreased by 2% or more.

In the securities sector, EVF fell 4.6% in market value. The remaining stocks with high liquidity such as VIX, VND, VCI mostly fell under 2%. This sector still has some stocks that go against the market trend, such as CTS up 5.4% or MBS up 2.2%.

On the other hand, banks are the group that actively supports the market. The four stocks leading the contribution to the VN-Index are all in this sector, respectively TCB, BID, CTG and MBB. Next are LPB, VPB andACB . The common increase of bank stocks is around 1-2%.

The decrease of VN-Index narrowed compared to yesterday partly due to the gradual cooling of the sell-off. Liquidity on HoSE floor today decreased by more than 3,200 billion to about 30,300 billion VND.

Another positive signal is that foreign investors returned to net buying after two selling sessions, but their net buying value was only over 70 billion VND.

Siddhartha

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