VIN stocks “rescue” VN-Index
Welcoming the new week, the stock market on December 11 started optimistically when green flooded the electronic trading board. However, selling pressure quickly appeared. Just 1 hour after opening, there was a time when VN-Index touched red. As noon approached, selling pressure became stronger, causing VN-Index to reverse and decline. The decline continued until close to the ATC trading session.
However, from 2 p.m., VN-Index suddenly regained green. At the close of the stock market session on December 11, VN-Index increased by 1.06 points, equivalent to 0.09% to 1,125.5 points; VN30-Index increased by 2.45 points, equivalent to 0.22% to 1,117.34 points.
The blue-chips that made the biggest contribution to "rescuing" the VN-Index in the stock market session on December 11 were the three stocks of the VIN family: VHM, VIC and VRE.
Thanks to a strong increase at the end of the session, the trio of VIN stocks, VIC, VHM and VRE, jumped sharply, helping the VN-Index escape a "fiery red" session. Illustrative photo
Notably, during the entire trading session on December 11, VHM, VIC and VRE did not have any price decrease. By the end of the session, all three codes expanded their growth momentum, helping the VN-Index "overcome the storm". At the end of the first trading session of the week, VHM increased by VND1,350/share, equivalent to 3.4% to VND41,000/share, VIC increased by VND1,100/share, equivalent to 2.56% to VND44,050/share; VRE increased by VND300/share, equivalent to 1.28% to VND23,650/share.
VIN shares received great attention from investors after Reuters reported that US chip giant Nvidia will discuss semiconductor cooperation agreements with technology companies and the Vietnamese government at a meeting taking place on December 11 in Hanoi. FPT, Vingroup and Viettel are the three Vietnamese representatives attending this meeting.
Notably, while the liquidity of the entire Ho Chi Minh City Stock Exchange decreased sharply to only VND14,651 billion, VIC's liquidity increased sharply. VIC's trading volume reached 5.1 million units, up from 2.4 million units in the 6th session. This shows that investors' demand for VIC shares is very high.
Stock market 11/12 "green on the outside, red on the inside"
In the stock market session on December 11, VN-Index increased mainly based on VHM, VIC and VRE, so the market fell into a state of "green on the outside, red on the inside". That means the whole market increased but the number of stocks that decreased on the inside dominated.
The entire Ho Chi Minh City Stock Exchange recorded 302 stocks decreasing in price, 76 stocks remaining unchanged and 215 stocks increasing in price. Of the 215 stocks increasing in price, 7 stocks closed the first session of the week in purple, most notably HAG of Hoang Anh Gia Lai Group.
Closing the stock market session on December 11, HAG hit the ceiling, increasing by VND850/share to VND13,000/share. Since the end of November, HAG has regained its par value after a long series of years trading below VND10,000/share.
HAG has increased sharply since ThaiGroup invested in Hoang Anh Gia Lai. Compared to November 23, the last session when HAG had a market price of less than VND10,000/share, HAG shares have increased by VND3,200/share, equivalent to 32.7%.
Another stock that was also the focus of the stock market on December 11 was DLG of Duc Long Gia Lai Group Joint Stock Company. DLG hit the ceiling, increasing by 160 VND/share, equivalent to 2,490 VND/share. Previously, in the trading session at the end of last week, DLG almost hit the ceiling.
DLG is sought after by investors after the announcement of canceling the decision to open bankruptcy proceedings with Duc Long Gia Lai Group.
On the Hanoi Stock Exchange, the indices also regained green at the end of the session. At the close of the stock market session on December 11, the HNX-Index increased by 0.17 points, equivalent to 0.07%, to 231.37 points; the HNX30-Index increased by 4.57 points, equivalent to 0.92%, to 500.87 points.
Liquidity on the Hanoi Stock Exchange also remained low, with only 78.5 million shares, equivalent to VND1,548 billion, successfully transferred.
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