Strong cash flow into banking, real estate, and securities helped the VN-Index increase by more than 16 points to 1,276.42 points, marking the highest price range since the end of August 2022.
The cautious sentiment of domestic investors was somewhat relieved after yesterday's strong increase. Thanks to that, money flowed back into the market and helped the index representing the Ho Chi Minh City Stock Exchange increase sharply in the session of March 21.
Specifically, VN-Index increased by more than 10 points compared to the reference after opening, thereby conquering the 1,270 point mark. The green color was maintained in the following minutes although the increase amplitude gradually narrowed. Strong demand pushed the index to skyrocket after the lunch break and finally closed the trading session on March 21 at 1,276.42 points, up 16.34 points compared to the reference. This is the highest price range since the end of August 2022 until now.
The Ho Chi Minh City Stock Exchange today recorded 379 stocks closing in the green, more than 3 times the number of stocks falling. Among the stocks that increased, 11 stocks hit the ceiling and most of them closed with no sellers. The VN30 basket had 25 stocks falling, 5 stocks remaining unchanged and no stocks falling below the reference.
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TCB was the leading stock in terms of increase in the large-cap basket when it closed 6.6% higher than the reference. The next two positions were also banking stocks, including HDB, up 5.8% to VND23,900, and VIB, up 3% to VND24,300.
In general, banking stocks were the group that recorded the most unanimous excitement in today's increase. Of the 10 stocks that contributed most positively to the VN-Index, the banking group had 7 representatives. This group had only two stocks that went against the market trend, EIB and LPB, with decreases of 1.6% and 0.9%, respectively, compared to the reference. Consensus green also appeared in the securities, pharmaceutical, steel, oil and gas, fertilizer, seaport, and aviation groups, but the increase was smaller.
Today, 1.25 billion shares were traded on the Ho Chi Minh City Stock Exchange, equivalent to a trading value of more than VND29,614 billion. Trading volume increased by 300 million shares compared to the previous session while trading value increased by approximately VND7,000 billion. Cash flow was massively disbursed in the last minutes of the session, so the market had up to 4 stocks recording a trading value of thousands of billions of VND, respectively VND (VND1,509 billion), DIG (VND1,387 billion), PDR (VND1,211 billion) and SSI (VND1,025 billion). Of these, PDR shares closed at the ceiling price and there were no sellers, while the remaining volume was more than 2.5 million shares.
While domestic investors disbursed strongly, foreign investors net sold more than 357 billion VND. The selling value of this group reached more than 2,400 billion VND, while the buying value was only about 2,043 billion VND. This is the 8th consecutive session that foreign investors have sold off on the Ho Chi Minh City Stock Exchange.
The value of negotiated transactions on the Ho Chi Minh City Stock Exchange today reached more than VND2,040 billion, of which SHB shares accounted for about VND400 billion. Some other bank codes such as MSB, TCB, EIB also recorded large negotiated volumes.
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