Despite the fluctuations of VN-Index, mini real estate stocks are still "hot"

VN-Index shakes

The stock market session on May 31st was volatile from the beginning. The VN-Index quickly fell below the reference level when selling pressure appeared quickly. The selling pressure came from large-cap stocks.

The tug-of-war lasted until closing time with the red color winning. At the end of the stock market session on May 31, VN-Index decreased by 2.88 points, equivalent to 0.27% to 1,075.17 points; VN30-Index decreased by 5.49 points, equivalent to 0.51% to 1,066.33 points. It can be seen that the blue-chip group decreased at a rate twice as strong as the whole market.

However, according to VCBS Securities Company, the differentiation was still shown with more than 200 stocks increasing in price and the demand mainly came from the group of media and construction stocks. At the end of the stock market session on May 31, the entire floor recorded 225 stocks increasing in price (26 stocks hitting the ceiling price), 56 stocks remaining unchanged and 167 stocks decreasing in price.

Stocks 31 5 mac vn index rung lac co phieu real estate mini van nong hinh 1 — Despite the VN-Index shaking and closing May in red, mid- and small-cap real estate stocks still hit the ceiling. Illustrative photo

Cash flow is still actively participating in the stock market on May 31, although there are not many positive changes in terms of overall scores. Up to 924 million shares, equivalent to 15,819 billion VND, were successfully transferred. The VN30 group only had 225 million shares, equivalent to 5,501 billion VND, traded.

The Hanoi Stock Exchange closed the May 31 session with a more positive signal when all indices maintained green. Closing May, the HNX-Index increased by 1.48 points, equivalent to 0.67% to 222.81 points; the HNX30-Index increased by 0.52 points, equivalent to 0.12% to 418.90 points.

Liquidity on the Hanoi Stock Exchange in the May 31 session also remained high. Nearly 136 million shares, equivalent to VND1,973 billion, were successfully traded.

VCBS Securities Company believes that the general trend of the market in the short term will still move towards the 1,080 - 1,100 point range. However, the weakening and peaking of the two indicators MACD and RSI in the hourly chart also shows that the market will continue to have differentiation, increasing and decreasing intertwined in the upward process.

“We maintain our view and recommend that investors continue to take advantage of strong fluctuations to increase their exposure to recommended sectors such as securities and construction,” VCBS advised investors.

Mini real estate stocks are still "hot"

The highlight of the May 31 stock market session was mid-cap and small-cap real estate stocks. Despite the VN-Index ending May in the red, mini-cap real estate stocks still raced to hit the ceiling.

CRE increased by 590 VND/share to 9,130 VND/share. It can be seen that Century Real Estate Joint Stock Company's shares joined the "ceiling race" quite late. In this excitement, this is CRE's first ceiling increase session.

Similar to CRE, DXS stock of Dat Xanh Real Estate Services Joint Stock Company is also a rookie in the ceiling price race of small and medium-cap stocks. DXS increased by VND510/share to VND7,860/share.

Meanwhile, DRH shares of DRH Holdings Joint Stock Company had 3 consecutive ceiling price sessions. At the end of the stock market session on May 31, DRH increased by 430 VND/share to 6,640 VND/share. Although it increased sharply in May, DRH is still far from its par value (10,000 VND/share).

This May, EVG shares of Everland Group Joint Stock Company experienced many sessions of ceiling or near ceiling price increase. Closing May, EVG stopped in purple when it increased by 460 VND/share, equivalent to 7,040 VND/share.

ITA shares of Tan Tao Investment and Industry Corporation also had a brilliant May. ITA is currently resting at VND5,290/share after increasing by VND340/share.

LGL shares of Long Giang Urban Development and Investment Joint Stock Company also performed similarly to EVG and ITA. Closing the stock market session on May 31, LGL increased by VND270/share, equivalent to VND4,170/share.

It can be seen that most of the real estate stocks that hit the ceiling price in the May 31 session in particular and this time in general are in the small-cap group, with market prices much lower than their face value. Meanwhile, the large-cap real estate stocks are still facing many difficulties.

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