Investors have not yet taken a break for Tet, VN-Index ends the Year of the Tiger 2022 above 1,100 points

On January 19 (28th of Lunar New Year), investors were still actively buying and selling on the day the stock market closed its last trading session before the 2023 Lunar New Year holiday. At the end of the session, the VN-Index increased by 9.8 points, equivalent to 0.89% to 1,108.8 points. This is also the 7th consecutive increase of the VN-Index and this index is at its highest level in the past 4 months. Similarly, on the Hanoi Stock Exchange, the HNX-Index also added 2.14 points, equivalent to 0.98% to 219.87 points.

VN-Index increased sharply in the last session of the year of the Tiger 2022

Ngoc Thang

Many stocks closed lower than in the morning, but the number of stocks with increased prices still dominated. The securities group maintained its upward momentum, although there were few stocks hitting the ceiling. Meanwhile, SSI and VND were still the two bluechips with quite a remarkable increase in the industry group, perhaps thanks to the support from foreign buying power.

Steel stocks have a strong differentiation, with HPG submerged in red; HSG falling to reference and many smaller stocks such as POM, TIS, SMC, TLH… also decreasing in price.

This session also recorded the positive contribution of banking codes such asACB , BID, EIB, VCB, CTG... but there were also many codes that only maintained the reference price or went down such as VPB, SGB, STB, TCB, ABB, LPB...

Market liquidity remains at nearly VND12,000 billion. This shows that this year investors seem not to have an early Tet holiday like many previous years. Thus, maintaining the green color and VN-Index closing above 1,100 points is also considered a success before the long Tet holiday.

Many securities companies believe that when the 1,100-point barrier is overcome, the VN-Index may experience a correction. However, the market is in a period of strong fluctuations in a positive direction, so short-term risks remain low. In terms of current techniques, the recovery momentum will continue towards the 200-week MA (currently around 1,115 points)...

Source: https://thanhnien.vn/nha-dau-tu-chua-nghi-tet-vn-index-ket-thuc-nam-nham-dan-2022-tren-1100-diem-1851543584.htm