Money flows in, VN-Index reverses dramatically

SGGPO July 14, 2023 16:09

VN-Index lost nearly 10 points at one point due to the effect of STB ( Sacombank ) stock hitting the floor, but at the end of the session it rose to maintain the green color at the close, recording the 6th consecutive increase. Despite foreign investors returning to net sell more than 300 billion VND on the HOSE floor.

STB closed the session off the floor, down 3.33%

The Vietnamese stock market fluctuated strongly in the last trading session of the week, July 14. In the afternoon session, the market began to plummet after the effect of STB shares being sold off due to many unfavorable information related to Bamboo Airways, at times falling to the floor. VN-Index at times fell more than 10 points, but then the strong bottom-fishing cash flow caused the market to have a spectacular comeback. STB shares also escaped the floor and closed the session down 3.33%.

In addition, some other bank stocks still increased such as: MBB increased by 1.63%, HDB increased by 1.61%,VIB , VCB increased by nearly 1%. The group of securities stocks also rebounded with VIX hitting the ceiling, VND increased by 3.06%, VCI increased by 2.4%, SSI increased by 0.35%, HCM increased by 0.17%, FTS increased by 2.71%, BSI increased by 2.05%... The group of steel stocks continued to break out when POM increased by the ceiling, HPG increased by 1.66%, HSG increased by 1.43%, NKG increased by 3.75%.

Real estate stocks in particular were differentiated, but many stocks still increased strongly, such as HDC hitting the ceiling, NLG up 6.49%, NVL up 1.34%, DIG up 1.36%, VCG up 2.47%, CII up 4.24%, ITA up 2.69%...

At the end of the trading session, VN-Index increased by 2.98 points (0.26%) to 1,168 points with 220 stocks increasing, 192 stocks decreasing and 89 stocks remaining unchanged.

At the end of the session at Hanoi Stock Exchange, HNX-Index also increased by 0.22 points (0.10%) to 230.19 points with 83 stocks increasing, 83 stocks decreasing and 71 stocks remaining unchanged.

Market liquidity increased sharply, total transaction value in the whole market reached more than 23,000 billion VND, of which, on HOSE floor alone reached nearly 20,900 billion VND.

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