Bottom fishing force helps the market reverse, increasing 27 points

On the Ho Chi Minh City Stock Exchange on October 21, continuing the sharp decline of the previous session, the market opened in red. However, bottom-fishing demand quickly appeared, helping the index recover. However, red returned near the end of the morning session, and by lunchtime, the VN-Index temporarily decreased by 5.96 points to 1,630.47 points.

VIC and VHM strongly support the market. Screenshot

In the afternoon session, the market performed more positively, at one point the VN-Index increased by more than 40 points. At the end of the session, the VN-Index closed at 1,663.43 points, up 27 points (1.65%); the VN30-Index increased sharply by 45.04 points (2.41%) to 1,915.9 points, thereby regaining nearly 1/3 of the points lost in the previous session.

If yesterday the electronic board was dominated by red, today green is dominant with 213 codes increasing and 133 codes decreasing. In the VN30 basket, the number of codes increasing is more than 6 times the number of codes decreasing (26 codes increasing, 4 codes decreasing).

Vingroup stocks led the market, with VIC and VHM contributing 7.63 points and 2.72 points to the VN-Index, respectively. The banking group also performed well, with HDB, CTG, VPB, and LPB among the top stocks supporting the index.

In the opposite direction, MSN took away the most points (1.25 points), followed by GAS (0.52 points). Other codes such as NVL, CRV, VIX, TCB took away less than 0.5 points.

Most industry groups increased, notably essential aviation trade, insurance, real estate, software and services. On the downside, trade and professional services, hardware and equipment decreased by 2.61% and 4.26% respectively; other industries decreased by less than 1%.

Market liquidity remained high, with nearly VND50,000 billion changing hands. After yesterday's nearly 95-point drop, many investors took advantage of the opportunity to sell at a loss when prices recovered, while many other investors bought aggressively at attractive prices.

Foreign investors were the bright spot of the session, with strong net buying, buying value of more than 7,365 billion VND, selling more than 4,957 billion VND.

On the Hanoi Stock Exchange, at the end of the session, the HNX-Index increased by 1.63 points (0.62%) to 264.65 points; the HNX30-Index reached 567.58 points, up 4.39 points (0.78%). The entire floor had more than 3,600 billion VND changed hands.

Source: https://hanoimoi.vn/luc-bat-day-giup-thi-truong-dao-chieu-tang-27-diem-720423.html