Morning market April 18: Green spreads, real estate group "goes against the current"

The morning session of April 18 opened positively, continuing the recovery momentum from the previous session. The VN-Index increased by more than 10 points at one point, approaching the 1,230-point mark before slowing down due to selling pressure in large-cap stocks. As of 10:30 a.m., the main index remained green, up 6.81 points to around 1,224 points, while the HNX-Index increased by 3.13 points to around 212 points.

Market sentiment is showing signs of uncertainty after the previous correction. However, buyers are dominating with 457 stocks gaining compared to 187 stocks losing. Demand is strongly concentrated in the banking, securities and energy sectors - the sectors that are playing a leading role in the index.

Banks and securities lead the wave

SHB was the bright spot of the entire market with a ceiling increase and explosive liquidity, exceeding 104 million units, with no sellers. Other bank codes such as VPB, MSB, ABB, VAB, BVB also increased strongly, maintaining green from 2-5%. This is the industry group that played a positive supporting role for VN-Index in the morning session.

Meanwhile, the securities group also traded well. Many codes such as HAC, SHS, TVS, ORS, DSC increased from 2-9%, showing that the positive sentiment of speculative money is returning to the group of stocks with high market value.

Energy keeps the momentum up

Energy stocks continued to record good gains with notable codes such as PVS, PVD, PVC, PVB all increasing by 1-3%. The attention of cash flow to this group comes from the expectation of benefiting from international oil prices and the prospect of global production recovery.

Real estate "goes against the general trend"

In contrast to the market excitement, the real estate group adjusted quite strongly. VIC and VHM continued to face selling pressure, falling more than 5% and 3.5% respectively, taking away a total of more than 5 points from the index. Codes such as PDR, DIG, HDC, KDH, KBC also simultaneously showed a slight red color, creating a contrasting color between the real estate industry and the rest of the market.

However, some individual real estate codes still maintained their growth momentum such as BCM, SSH, VRE, KSF - showing differentiation within the industry group.

Technical signals and international information support sentiment

Technically, VN-Index shows signs of forming a short-term bottom when it rebounded from the support zone of 1,200 points. The MACD and RSI indicators are forming a recovery trend, while the index is returning to the Bollinger Band.

In the international market, the European Central Bank (ECB) has just announced a 0.25 percentage point interest rate cut to 2.25% – the 7th consecutive cut to deal with the risk of recession. This move is considered a positive signal to support global investor sentiment.

But Wall Street is still under pressure. The Dow Jones Industrial Average fell 1.33%, or 527 points, as UnitedHealth shares plunged. It was the third straight day of declines for the index, while the Nasdaq and S&P 500 also fell.

Conclusion

The morning session of April 18 witnessed positive spread in most sectors, especially finance and energy, helping VN-Index maintain green. However, pressure from the real estate group - especially VIC and VHM - is still a significant obstacle to the market's growth. In the context of gradually stabilizing psychology and positive technical signals, investors can expect a more solid recovery trend in the coming sessions.

AD Advertising

Source: https://baonghean.vn/thi-truong-sang-18-04-sac-xanh-lan-toa-nhom-bat-dong-san-nguoc-dong-10295388.html