Stocks make dramatic last-minute reversal, investors 'breathe a sigh of relief'

The stock market on September 9 closed with a dramatic reversal in the last 15 minutes, bringing relief to many investors holding stocks.

Stock market turns green again - Photo: QUANG DINH

The stock market closed on September 9 in the joy of many "holding" investors.

All three indices, VN-Index, HNX-Index and UpCom, turned green again. Of which, the index representing the Ho Chi Minh City Stock Exchange increased by nearly 13 points, regaining the 1,637.32 point mark with 168 stocks increasing in price.

The above increase mainly occurred in the last 15 minutes of the session. The groups that were pulled the most were banks and securities.

In particular, VIX was the highlight with a spectacular reversal: from a decrease of more than 5% in the morning, this stock jumped nearly 6% at the end of the session.

SSI also impressed with a 4.5% increase, while SHS (+5.93%), VCI (+4.3%) and HCM (+1.45%) all regained most of the form lost in the previous session.

The banking group also became an important support for the market. VPB (+3.85%) maintained a steady green color after being sold off at the floor price in the previous session.

Many other stocks such as EIB (+1.68%), HDB (+2.1%),SHB (+2.03%) also reversed dramatically after a whole day of trading in a state of adjustment.

Real estate increased by nearly 1.7%, second only to the financial and securities group (+3.22%) in terms of contribution to the market.

In contrast to the green color in the above groups, steel stocks continued to plummet.

Active selling pressure prevailed, combined with foreign investors stepping up net selling, causing HPG to decrease by 0.17%, HSG to lose 0.5% and NKG to fall by 1.1%.

Although the market had more than 370 stocks increasing in price on all three exchanges, liquidity was still a worrying factor when it decreased to about VND34,350 billion.

Selling pressure dominated for most of the session, but eased towards the end of the day when "bottom-fishing" cash flow appeared.

Foreign investors' activities continued to attract attention when foreign investors returned to net selling VND880 billion, contrary to the strong net buying trend in the previous session.

Net selling pressure focused on HPG, MBB, VND, NKG and KBC, while VPB, HDG, VIX,ACB , CII and TPB were net bought.

Contrary to foreign investors, securities trading increased net buying by VND245 billion, mainly in banking stocks - a group that has been sold heavily by individual investors in recent sessions.

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BINH KHANH

Source: https://tuoitre.vn/chung-khoan-dao-chieu-ngoan-muc-phut-chot-nha-dau-tu-tho-phao-20250909151223504.htm