Cash flow still "floods" the stock market June 22
The stock market session on June 22 saw European and Asian markets sinking into the red after the US Federal Reserve (FED) gave signals that USD interest rates could increase again after a month of “rest”.
In that context, Vietnamese stocks had a successful trading session. This achievement was due to abundant cash flow.
Specifically, the stock market session on June 22 opened with early strength. The VN-Index quickly sank into the green. The uptrend spread across most sectors as the VN-Index approached the old peak area around 1,125 points.
According to VCBS Securities Company, the positive sentiment of investors is clearly shown through the increase in liquidity in the active buying direction, accounting for more than 70% of total market liquidity. In addition, the demand for many large-cap stocks in the VN30 group such as VHM, BID, VCB also has a positive impact on the index.
In the stock market session on June 22, although the ceiling price increase was no longer maintained, real estate stocks still attracted cash flow, thereby helping the VN-Index maintain its green color. Illustrative photo
At the close of the stock market session on June 22, VN-Index increased by 6.84 points, equivalent to 0.61% to 1,125.3 points; VN30-Index increased by 5.53 points, equivalent to 0.5% to 1,117.6 points. It can be seen that large-cap stocks did not play a leading role in the market in the stock market session on June 22.
The cash flow flooding the stock market is the main factor maintaining the green color of the Ho Chi Minh City Stock Exchange. Up to 919 million shares, equivalent to 18,635 billion VND, were successfully traded. The VN30 group recorded 240 million shares, equivalent to 6,589 billion VND transferred. It can be seen that the cash flow is gradually shifting to blue-chips.
On the Hanoi Stock Exchange, the indices struggled and almost lost their green color. At the end of the stock market session on June 22, the HNX-Index closed at 231.91 points, up 0.14 points, equivalent to 0.06%; the HNX30-Index increased 1.66 points, equivalent to 0.38% to 444.28 points.
Real estate stocks still attract cash flow
In the stock market session on June 22, the heat spread throughout the market, with no group playing a leading role. However, real estate stocks still emerged. Although they could not maintain the ceiling price increase, many codes still increased strongly.
In the group of large-cap stocks, VHM increased by VND1.10/share, equivalent to 2% to VND55,700/share; NVL increased by VND150/share, equivalent to 1% to VND14,650/share; VRE increased by VND200/share, equivalent to 0.7% to VND27,000/share; PDR increased by VND50/share, equivalent to 0.3% to VND17,350/share.
The penny and midcap groups recorded real estate stocks with a very high growth rate. Among them, some codes hit the ceiling such as NBB and QCG.
At the close of the stock market session on June 22, NBB hit the ceiling, up 1,000 VND/share to 15,850 VND/share; QCG increased 630 VND/share to 10,150 VND/share. DIG increased 1,350 VND/share, equivalent to 6.2% to 23,050 VND/share. Previously, there was a time when DIG hit the ceiling to 23,200 VND/share.
Behind NBB, QCG and DIG in terms of growth rate are DXS (up 450 VND/share, equivalent to 5.1% to 9,200 VND/share), DXG (up 650 VND/share, equivalent to 4.2% to 16,000 VND/share), HQC (up 100 VND/share, equivalent to 2.2% to 4,610 VND/share),...
In the near future, real estate stocks are still highly valued.
“We recommend that investors continue to maintain their stock weight and remain cautious in the strong resistance areas of the market. Investors should only increase their weight in stocks that have shown a good accumulation trend in the recent past and have successfully tested the support areas in industries such as retail, chemicals, and real estate,” VCBS advised investors.
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