Real estate stocks are booming

VHM contributed the biggest increase to VN-Index, green dominated the real estate industry's board when the draft revised Land Law was passed.

The stock market had a big difference in performance today. In the morning, trading was gloomy when liquidity was only half of yesterday morning. The board had few numbers when VN-Index only increased slightly with the main contribution from the VN30 basket. By the end of the session, the representative index of HoSE floor fell close to the reference.

In the afternoon, the market was much more active. VN-Index increased and tended to test the 1,170 point area but failed. Investors rushed to pour money, helping liquidity increase significantly. At the end of the session, VN-Index increased by more than 6.5 points to more than 1,169 points.

On the HoSE floor, 289 stocks increased in price, much more than 167 stocks decreased. Leading the way were real estate, retail and banking stocks.

This morning, the National Assembly passed the draft revised Land Law with many important contents on determining land prices, land rents, land use rights transfer... The market immediately reacted positively to the above information.

Green was seen on many real estate stocks with leading liquidity. VHM increased by 3.1% and became the code contributing the most to the market increase. NLG closed 5.2% higher than the reference price, KDH accumulated an additional 3.8%. In addition, other stocks such as PDR, DXG, VRE, KBC all increased by more than 1%.

With a close correlation, banking stocks also performed positively. BID, CTG and VPB all increased by 1% or more and ranked 2nd, 3rd and 4th respectively in the group of stocks contributing positively to the VN-Index. Except for HDB, which slightly decreased, stocks with liquidity of hundreds of billions all closed the session in green.

The index increased but the liquidity of the HCM City market decreased, mainly due to the cautious sentiment in the morning. The total transaction value reached nearly 13,200 billion VND, down about 3,500 billion.

Foreign investors continued to net buy for the 6th consecutive session. Net buying value was nearly 60 billion VND. MWG continued to lead, followed by VHM, VCG, VCB, VPB.

Siddhartha

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