Blue-chips pull stock market 10/7
Stocks on July 10 started the new week with a tug of war. However, towards the end of the session, liquidity increased, helping the VN-Index stay firmly in the green.
Closing the stock market session on July 10, VN-Index increased by 10.95 points, equivalent to 0.965 to 1,149.05 points; VN30-Index increased by 13.73 points, equivalent to 1.22% to 1,143.16 points.
The Ho Chi Minh City Stock Exchange recorded 327 stocks increasing in price, 55 stocks remaining unchanged and 97 stocks decreasing in price. Liquidity improved significantly. 879 million shares, equivalent to VND18,412 billion, were successfully traded. The VN30 group had 260 million shares, equivalent to VND7,296 billion, traded.
The July 10 stock market overcame the storm to regain green thanks to the leadership of blue-chips. However, the highlight of the market was real estate stocks. Illustrative photo
It can be seen that in the stock market session on July 10, blue-chips regained their market leadership position when VN30-Index increased more strongly than VN-Index and liquidity of VN30 group improved.
In the blue-chip group, banking and retail stocks had the strongest growth rate and contributed a lot to the stock market's growth on July 10.
BIDV's BID had the strongest increase when it increased by VND2,650/share, equivalent to 6% to VND46,950/share. Following were VIB (increased by VND500/share, equivalent to 2.5% to VND20,300/share); TCB (increased by VND450/share, equivalent to 1.4% to VND32,000/share); ACB (increased by VND250/share, equivalent to 1.2% to VND21,950/share),...
In addition, retail stocks also demonstrated their strength. MSN increased by VND2,700/share, equivalent to 3.6% to VND77,900/share; MWG increased by VND2,250/share, equivalent to 4.9% to VND47,750/share; VNM increased by VND1,200/share, equivalent to 1.7% to VND72,100/share.
On the Hanoi Stock Exchange, the indices were even “greener”. At the close of the stock market session on July 10, the HNX-Index increased by 2.55 points, equivalent to 1.13% to 228.37 points; the HNX30-Index increased by 8.1 points, equivalent to 1.86% to 442.60 points.
On the Hanoi Stock Exchange, liquidity on July 10 increased more strongly than on the Ho Chi Minh City Stock Exchange. The entire Hanoi Stock Exchange recorded nearly 134 million shares, equivalent to VND2,182 billion, successfully transferred.
Real estate stocks hit the ceiling, Phat Dat leads
It can be seen that blue-chips are the driving force of the stock market growth on July 10. The main driving force comes from banking stocks and retail stocks. However, the focus is on real estate and construction stocks when these industry codes simultaneously hit the ceiling. Of which, the most notable is Phat Dat's PDR.
In the stock market session on July 10, two real estate giants, VHM and VRE, both closed in the red. However, there was a blue-chip in the real estate industry that hit the ceiling. That was PDR.
At the close of the stock market session on July 10, PDR increased by 1,200 VND/share to 18,500 VND/share. On the electronic trading board, the PDR sell order was completely empty while the ceiling buy order had millions of units.
In addition to PDR, many other real estate and construction stocks also "closed" the July 10 stock session in purple.
CTI increased by 1,050 VND/share to 16,250 VND/share; L10 increased by 1,300 VND/share to 20,000 VND/share; LM8 increased by 800 VND/share to 12,800 VND/share; NHA increased by 1,350 VND/share to 21,000 VND/share; NTL increased by 1,650 VND/share to 25,750 VND/share.
During this time, real estate stocks have received more attention from stock investors as deposit interest rates have continuously decreased. Deposit interest rates have decreased, creating the premise for lending interest rates to decrease. Real estate is considered one of the industries that benefits the most from the low interest rate policy.
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