VN-Index "escaped" thanks to VinFast

August 11 stock market "escaped" thanks to VIC stock

The stock market session on August 11 started with the negative sentiment of the stock market session on August 10. Despite the early fluctuations, the VN-Index still managed to turn green at the beginning of the session. However, red quickly took over. By the beginning of the afternoon session, the decline became stronger, making investors pessimistic.

However, the stock market on August 11 had a big turning point thanks to VIC shares of Vingroup Corporation. One of the most important information supporting VIC in the past few sessions is that VinFast is about to be listed on the US stock exchange. If that happens, VIC shares are expected to have many new steps forward.

This is the reason why as the afternoon progressed, the money flowed more and more into VIC shares. At the close of the August 11 stock market session, VIC hit the ceiling, increasing by 4,700 VND/share to 72,600 VND/share. On the electronic trading board, the remaining buy and sell orders for VIC were completely empty, while the remaining buy orders had more than 700,000 ceiling price buy orders.

The stock market on August 11 would have been in red if it weren't for the excitement of VIC shares. Thanks to the news that VinFast is about to be listed on the US stock exchange, VIC hit the ceiling, thereby spreading green to the entire stock exchange. Illustrative photo

VIC's trading volume also increased sharply, to more than 23 million units. Recently, VIC's liquidity per session reached about 12 million units. With soaring prices and liquidity, VIC has contributed greatly to the "revival" of the stock market on August 11.

VIC's contribution to the August 11 stock market session was also shown in the fact that thanks to VIC's "inspiration", many other stocks turned from red to green, so at the end of the session, the VN-Index regained green.

Thanks to VIC, at the end of the stock market session on August 11, VN-Index increased by 11.6 points, equivalent to 0.95% to 1,232.21 points; VN30-Index increased by 14.57 points, equivalent to 1.19% to 1,240.77 points.

The liquidity of the August 11 session did not explode but remained at a very high level. More than 1 billion shares, equivalent to VND21,278 billion, were successfully transferred. The VN30 group had 241 million shares, equivalent to VND8,012 billion, exchanged.

On the Hanoi Stock Exchange, the indices continued to "calmly" increase slightly with moderate liquidity.

At the close of the August 11 stock market session, the HNX-Index increased by 1.34 points, equivalent to 0.55%, to 245.25 points; the HNX30-Index increased by 3.4 points, equivalent to 0.7%, to 491.47 points. Only 117 million shares, equivalent to VND 1,868 billion, were successfully traded.

Real estate stocks are still "hot"

Stocks “inspire” the entire stock market on August 11. Of which, real estate stocks are the most excited with a few codes hitting the ceiling like the “big brother” VIC.

Closing the stock session on August 11, DXS increased by 1,300 VND/share to 20,250 VND/share; QCG increased by 750 VND/share to 11,900 VND/share; TCH increased by 800 VND/share to 12,700 VND/share.

Some other codes did not close the August 11 stock market session in purple but also increased quite strongly. PDR increased by 450 VND/share, equivalent to 2.1% to 21,900 VND/share; TDH increased by 140 VND/share, equivalent to 2.4% to 5,910 VND/share;…

On the other hand, the pressure on real estate stocks is still quite large. In the stock market session on August 11, while some codes "raced" VIC, many other codes simultaneously decreased significantly.

Closing the week, HPX decreased by 160 VND/share, equivalent to 2.68% to 5,800 VND/share; VPI decreased by 700 VND/share, equivalent to 1.32% to 52,500 VND/share;…

In the August 11th stock market session, VIC was so “shiny” that it overshadowed the contribution of many other stocks. In fact, today, banking stocks also played a supporting role for the VN-Index.

At the end of the week, VCB increased by VND1,900/share, equivalent to 2.1% to VND90,400/share; STB increased by VND1,300/share, equivalent to 4.3% to VND32,850/share; CTG increased by VND450/share, equivalent to 1.4% to VND32,100/share,...

Source: https://www.congluan.vn/chung-khoan-11-8-vn-index-thoat-hiem-nho-vinfast-post260049.html