Stocks recover strongly after a plunge, VN-Index surpasses 1,200 points

The Vietnamese stock market had a positive trading session, with strong demand pushing the VN-Index above the 1,200 point mark.

At the end of the trading session on August 6, the HoSE floor had 383 stocks increasing and 58 stocks decreasing, the VN-Index increased by 22.21 points (+1.87%), to 1,210.28 points. Most bluechip stocks closed in green, especially banking, securities and consumer stocks. Market liquidity decreased compared to the previous session but was still at a good level.

On the HNX floor, 128 stocks increased and 56 stocks decreased. The HNX-Index increased by 3.75 points (+1.68%) to 226.46 points. The total matched volume reached more than 57.4 million units, worth VND1,036.8 billion. There were 4.53 million additional units traded, worth VND149.3 billion.

UpCoM-Index increased by 1.43 points (+1.58%) to 92.22 points. Total matched volume reached over 32.8 million units, worth VND465.7 billion. Negotiated transactions had an additional 2.5 million units, worth VND75 billion.

Stocks recovered strongly after a plunge. (Illustration photo: VnEconomy)

Demand focused on bluechip stocks and stocks in the banking, securities and real estate sectors. Except for VIC and TCB at reference prices, the rest all ended the session in green. This shows that investors are returning to the market and looking for profit opportunities.

Of which, BCM was the best stock increasing +5.2% to 71,000 VND, VNM stock increased 4.8% to 72,700 VND and contributed the most to VN-Index.

Following are codes STB +4.4% to 28,400 VND, GVR +4.2% to 31,350 VND, MSN +3.8% to 73,200 VND, POW +3.4% to 13,750 VND, SSI +3.4% to 30,600 VND, PLX +3.3% to 47,000 VND, TPB +3.3% to 17,350 VND, codes MBB, SAB,VIB increased 2% to 2.8%, the rest increased slightly.

Liquidity of some bluechips this session was the highest in the market, with MBB, SSI, TCB,SHB and HPG matching from nearly 17 million to 19.7 million units.

Small and medium-sized stocks also increased significantly in some codes in the securities company group with BSI hitting the ceiling price to 46,300 VND, FTS increasing by 6.7% to 39,600 VND, codes VDS, VCI, CTS, HCM increasing by around 5.5%, VIX, TVB, ORS, DSE, AGR, VND groups increasing by 2.8% to nearly 4%.

The recovery also appeared in other industries such as real estate, construction, materials, services, but only a few names reached the ceiling price: HNG, DLG, TCH, LDG. Codes HBC, PHC, DXG, PPC, PVP, VIP, HVN, AGG increased by 5% to more than 6.5%.

On the other hand, the stock that decreased quite strongly was QCG. Although it escaped the floor price, it still lost 4.7% to 5,870 VND, matching 1.8 million units.

Source: https://baoquangninh.vn/chung-khoan-hoi-phuc-manh-me-sau-phien-lao-doc-vn-index-vuot-moc-1-200-diem-3312628.html