VN-Index was "saved" by VCB
The global stock market is in a series of impressive increases. Among them, Vietnam is one of the markets with the strongest upward momentum each session. The stock market session on June 5 was the same, the VN-Index continued to be "hot" from the beginning of the session.
Massive buying pressure appeared right from the beginning of the stock market session on June 5. However, as the session progressed, selling pressure from large-cap stocks increased. A series of stocks “turned around” from green to red, limiting the growth of the VN-Index.
At the close of the stock market session on June 5, the VN-Index only increased by 6.98 points, equivalent to 0.64% to 1,097.82 points; the VN30-Index increased by 4.12 points, equivalent to 0.38% to 1,091.08 points. Blue-chips cooled down at the end of the session, causing the indices to only maintain a slight increase.
Stock market on June 5 focused attention on the Japanese market when the Nikkei index reached a 3-decade "peak". Meanwhile, the VN-Index was "saved" thanks to VCB. Illustrative photo
The stock market session on June 5 could even be in the red if large-cap stocks in the banking sector increase sharply.
Leading the group of banking stocks is the “big brother” VCB. At the close of the stock market session on June 5, VCB increased by VND3,100/share, equivalent to 3.5% to VND98,000/share. This is the highest price in the history of VCB.
Following VCB are VIB (up 150 VND/share, equivalent to 0.7% to 23,200 VND/share), MBB (up 100 VND/share, equivalent to 0.5% to 19,800 VND/share), CTG (up 100 VND/share, equivalent to 0.3% to 28,750 VND/share).
Besides the support of VCB shares, another focus of the stock market session on June 5 was liquidity. Although slightly down compared to the session at the end of last week, the trading volume and value on the Ho Chi Minh City Stock Exchange remained at a very high level. Up to 948 million shares, equivalent to VND17,561 billion, were successfully traded. The VN30 group recorded 232 million shares, equivalent to VND6,018 billion, transferred.
In the stock market session on June 5, blue-chips on the Hanoi Stock Exchange faced great pressure, so the HNX30-Index decreased slightly, down 1.4 points, equivalent to 0.33% to 418.28 points. Meanwhile, the HNX-Index increased 0.53 points, equivalent to 0.23% to 226.56 points.
Liquidity on the Hanoi Stock Exchange decreased. Only 112 million shares, equivalent to 1,695 billion VND, were successfully transferred.
Nikkei hits 3-decade high
The focus of the June 5 stock market session in the Asia-Pacific market was the strong breakthrough of Nikkei.
Asia-Pacific markets rose across the board after US President Joe Biden signed into law a debt ceiling bill that would allow the US to avoid defaulting on its financial obligations over the weekend.
The debt ceiling compromise bill passed the Senate 63-36 on Thursday night, winning enough support from both parties to clear the chamber's 60-vote threshold to avoid a filibuster.
In Japan, the Nikkei 225 rose 2.2% above the 32,000 mark for the first time since 1990 to close at 32,217.43. The Topix was 1.7% higher to close at 2,219.97.
Oil futures also rose as the Organization of the Petroleum Exporting Countries (OPEC) decided to cut Saudi Arabia's oil production by another million barrels per day.
South Korea's Kospi index edged up 0.54% to end the day at 2,615.41, extending Friday's gains. The Kosdaq rose 0.26% to 870.28.
Australia's S&P/ASX 200 rose 1% to end at 7,216.3 and posted a third straight day of gains, ahead of the country's central bank's interest rate decision tomorrow.
Hong Kong's Hang Seng Index rose 0.88% on Monday, extending gains from a 4% gain on Friday. Mainland Chinese markets were mixed, with the Shanghai Composite up slightly to 3,232.44 and the Shenzhen Component down 0.48% to 10,946.08.
In the US last Friday, all three major indexes rose more than 1%, with the Dow Jones Industrial Average rising 2.12%, marking its best day since January.
The S&P 500 rose 1.45%, while the Nasdaq Composite rose 1.07%, hitting its highest level since April 2022 during the session.
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