Stocks up 15 points

Active buying power increased rapidly, helping some stocks reach the ceiling. VN-Index gained 15 more points after the session on November 6, returning to the 1,260 point threshold.

Stocks opened today in the green, in line with other financial markets. Risk-oriented investment channels such as stocks and cryptocurrencies all rose following the "Trump trade" trend, which means buying and selling in the direction of betting that Donald Trump will win the election. The same trend also happened in the Vietnamese market today, when the VN-Index increased continuously since opening.

The HoSE index surpassed 1,250 points after ATO, moved sideways until mid-morning and then continued to expand its upward momentum. Pillar stocks, such as banks and real estate, all remained green.

Active buying power also pushed the prices of many mid-cap and penny stocks far beyond the reference price. Some industrial real estate codes increased to the ceiling price, amid expectations of the possibility of shifting investment capital flows.

At the end of the session, VN-Index stopped at 1,261.28 points, up 15.52 points (1.25%). VN30-Index gained 16.2 points (1.23%), reaching 1,329.56 points. At the Hanoi Stock Exchange, HNX-Index and UPCOM-Index both closed above the reference.

Total market liquidity reached over VND15,800 billion. Of which, liquidity on the HoSE floor accounted for over VND14,100 billion, an increase of over VND3,700 billion compared to the previous session. However, foreign investors still sold net today, with a scale of over VND380 billion, for the 10th consecutive session.

At the end of the session, green dominated the board, with the HoSE floor having 312 stocks increasing in price compared to 61 stocks decreasing.

GVR was the stock that contributed the most to the VN-Index with 1.6 points when this code increased by more than 5%, to 33,750 VND. In contrast, HVN was the stock that weighed down the index the most when it decreased to 22,550 VND.

In the large-cap group, all 30 VN30 codes closed above reference. In addition to GVR, banking, real estate, and steel codes traded actively. GVR, CTG, TPB increased by over 2%, TCB, HPG, STB, VRE, and MBB increased by 1.6-1.9%.

In the mid-cap group, some industrial park real estate stocks soared thanks to expectations of shifting investment capital flows. Among them, KBC was in a "blank sell" state, with liquidity of more than 20 million shares changed hands. Viglacera's VGC also hit the ceiling.

Source