VN-Index increased by nearly 9 points, the stock market became active again

Investors monitor the stock market. Illustration photo.

At the end of the session on October 16, VN-Index increased by 8.9 points to 1,766.85 points. Trading volume reached more than 1.18 billion shares, equivalent to 40,320 billion VND, with 180 codes increasing, 129 codes decreasing and 57 codes remaining unchanged.

On the Hanoi Stock Exchange, the HNX-Index increased by 0.96 points to 277.08 points, with a trading volume of more than 105.8 million shares, equivalent to nearly VND2,616 billion; 78 codes increased, 70 codes decreased and 65 codes remained unchanged.

UPCoM-Index increased slightly by 0.05 points to 112.37 points, with trading volume reaching over VND638 billion. The entire market had 107 stocks increasing, 109 stocks decreasing and 92 stocks remaining unchanged.

Total market liquidity reached over VND43,570 billion (over USD1.6 billion). Green returned to dominate the afternoon session, spreading widely across many industry groups instead of concentrating on a few large-cap stocks.

The VN30 basket had 13 stocks increasing, 12 stocks decreasing and 5 stocks remaining unchanged. The stocks with the most positive impact on the market included MSN hitting the ceiling, VJC up 6.38%, VRE up 3.58%. The real estate group led the recovery as many stocks increased strongly such as VIC, VRE, NVL, KDH, BCM, especially DXG, MGR, NLG, DIG, DXS hitting the ceiling.

Positive business results in the third quarter are a support for this group. DIC Corp (DIG) estimated pre-tax profit in the third quarter at VND171 billion, a loss of VND6 billion in the same period; accumulated profit in the first 9 months reached VND209 billion, 5 times higher than the same period. HDC estimated pre-tax profit at VND666 billion, 35 times higher than the same period; expected to reach VND755 billion for the whole year, nearly 10 times higher than in 2024.

According to MBS Securities Joint Stock Company, the third quarter profit of listed real estate companies is expected to increase by 68.7% compared to the same period thanks to low base and extraordinary financial profit. Nam Long (NLG) is forecast to have a profit increase of 504% to 210 billion VND; Vinhomes (VHM) is expected to have a profit of 12,948 billion VND, up 65%; Phat Dat (PDR) increases by 273% to 190 billion VND.

Agriseco Securities Joint Stock Company believes that a favorable macro environment with low interest rates, legal clearance policies and increased infrastructure investment are actively supporting the recovery of the real estate market, thereby spreading to the stock market.

Notably, foreign investors traded actively again when disbursing nearly VND6,071 billion on HOSE, 3.5 times higher than the morning session, net buying more than VND863 billion. The codes with strong net buying were NLG (VND297.5 billion), DXG (VND244.1 billion), GEX (VND199.7 billion), VIX (VND128.9 billion), VIC (VND88.4 billion).

The reversal of foreign capital flows, along with abundant liquidity and positive spillovers in many industry groups, helped the market regain its excitement, strengthening investor confidence after a short-term correction.

According to VNA

Source: https://baohaiphong.vn/vn-index-tang-gan-9-diem-thi-truong-chung-khoan-soi-dong-tro-lai-523763.html