Securities stocks were all green and purple, pulling the session score up 27 points on December 5. Cash flow also flowed strongly into the market, partly removing the cautious sentiment that had lasted for a long time.
The stock market has just experienced an explosive session of points and liquidity - Photo: QUANG DINH
The stock market fluctuated quite strongly on the morning of December 5. At the opening session, the VN-Index was slightly green, but then turned red when active selling pressure increased.
Bright spots appeared in some groups of stocks with their own stories. At the end of the morning session, the Ho Chi Minh City Stock Exchange had 221 green codes and 116 red codes, the index increased by more than 6 points but liquidity was low, just over 5,000 billion VND.
However, in the afternoon session, the market began to receive more attention from investors. Especially in the stock group, after facing selling pressure at the opening, the afternoon session "exploded".
A series of securities stocks such as SSI, HCM, VIX, VCI, FTS, BSI, ORS... all hit the ceiling. Meanwhile, the remaining codes also increased with large amplitudes, such as MBS (+9.12%), SHS (+7.75%)...
Even the VND code of VNDirect, which has been sold heavily and under great pressure to decrease points in recent sessions, suddenly increased by more than 4.5%, somewhat soothing the sadness of "price drop" of shareholders.
In general, the increase in the securities group in today's session alone was up to 5.8%. The positivity also spread to many other industries.
Of which, the group of banking stocks with the largest market capitalization increased by nearly 2%, real estate also increased by nearly 2.3%...
It has been a long time since the stock market witnessed a session with nearly 600 "green and purple" codes and liquidity of nearly 24,000 billion VND like today. At the end of the session, VN-Index increased by 27 points, the index climbed to the 1,267 point area.
Speaking with Tuoi Tre Online, Mr. Bui Van Huy - Director of the Ho Chi Minh City branch of DSC Securities - commented that the excitement of the market today comes from information circulating among investors about a new step in the upgrading process.
Mr. Huy said that upgrading the stock market is still a big topic, activating cash flow this year. Previously, the Ministry of Finance issued Circular 68-2024 on non-prefunding solutions (NPS) for foreign institutional investors, effective from the beginning of November.
How investors receive this regulatory change will be an important factor in moving forward in the upgrading process, according to Mr. Huy.
The exemption from requiring foreign institutional investors to deposit funds is intended to reduce the capital burden and exchange rate risks for foreign investors. In the most positive scenario, FTSE - an international rating agency - may consider upgrading Vietnam's market in September 2025.
Also in today's session, foreign investors reversed from net selling to net buying of more than VND760 billion. This move also contributed to activating better domestic cash flow into the stock market.
Vingroup family stocks increase positively
The Vingroup family of stocks also performed very positively (VIC increased by 2.13%, VRE increased by more than 3%, VHM increased by 3.24%), contributing to the overall market index going up in today's session.
In a related development to Vingroup, early this morning Vietnam time, VinFast's VFS stock also unexpectedly accelerated dramatically on the Nasdaq. Accordingly, VFS increased by 25.5% after just one session, thereby climbing to 5.07 USD/share, the highest in 6 months since mid-May this year.
Source: https://tuoitre.vn/vi-sao-chung-khoan-bat-ngo-bung-no-chi-so-tang-soc-voi-gan-600-ma-xanh-tim-20241205151012547.htm
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