VN-Index turned up 27 points

After a volatile morning session, the stock market reversed course in the afternoon session as large-cap stocks recovered across the board.

At the end of the trading session, VN-Index increased by 27 points (1.65%) to 1,663.43 points, VN30-Index increased by 45.04 points (2.41%) to 1,915.90 points. HNX-Index increased by 1.63 points (0.62%) to 264.65 points. UPCoM-Index decreased by 0.85 points (0.77%) to 109.46 points.

Total market liquidity reached over VND52,000 billion, of which HoSE accounted for nearly VND48,000 billion. On HoSE, green dominated with 213 stocks increasing and 133 stocks decreasing.

The VN30 basket recorded positive signals when 26 codes increased overwhelmingly and only 4 codes decreased.FPT was the focus when it increased to the ceiling price of 93,000 VND/share. HDB also increased to the ceiling price of 32,3500 VND/share. These two codes were all empty on the sell side.

In today's session, the stock groups leading the market included: VIC increased by 4.36%, FPT increased by 6.9%, HDB increased by 6.94%, LPB increased by 3.16%, VHM increased by 2.69%. On the contrary, some stocks put pressure on the market such as MSN decreased by 4.76%, VIX decreased by 2.94%, NLV decreased by 6.8%, VND decreased by 4.1%.

Banking stocks were divided in different directions. The stocks that increased wereSHB , VPB, MBB, ACB, VIB while TCB, EIB, VCB, ABB turned to decrease.

Earlier in the morning session, VN-Index fell 5.96 points (0.36%) to 1,630.47 points, HNX-Index fell 2.17 points (0.83%) to 260.85 points, while UPCoM-Index fell 1.7 points (1.54%) to 108.61 points. This morning, pressure continued to increase, especially in the mid- and small-cap group.

Stocks recover after record drop. (Illustration photo).

Thus, the market has somewhat recovered after a record drop yesterday (October 20) thanks to positive domestic economic factors, stable GDP growth, and a series of businesses receiving impressive business results in the third quarter.

Dragon Viet Securities (VDSC) forecasts that the market will soon find a balance in the next few sessions and continue to reflect the prospects of corporate profits, similar to the periods of June and August. VN-Index may fluctuate in the range of 1,489 - 1,758 points in the coming time.

This is the time for investors to calmly observe, without needing to sell off. With a medium-term vision, this correction can open up buying opportunities at more attractive prices.

According to SHS Securities, in the coming sessions, short-term demand may increase if VN-Index continues to decrease and retest the price range of 1,570 - 1,600 points. Investors should maintain a reasonable proportion. Investment targets are stocks with good fundamentals, leading in strategic industries, and outstanding growth of the economy.

ACB Securities recommends that the market will have a balanced performance due to bottom-fishing demand, but in general, investors need to focus on portfolio risk management and limit the use of margin during this period.

Sharing the same view, TPBank Securities forecasts that the VN-Index will likely enter a period of extended correction. Investors are advised to closely monitor demand at this support zone to be able to consider and make appropriate decisions.

HOANG DUNG

Source: https://vtcnews.vn/vn-index-quay-dau-tang-27-diem-ar972335.html