VN-Index hits 1,270 points despite market being 'green on the outside, red on the inside'

The market fell into a state of "green skin, red heart" when falling stocks overwhelmed rising stocks, but VN-Index still accumulated nearly 3 points and reached the 1,270 point mark.

After yesterday's surge (December 5), many securities companies recommended that investors avoid chasing the market at all costs. The reason is that yesterday's session showed a positive short-term market trend, while the long-term trend needs more time to confirm. The market's recovery trend will depend on groups such as securities, technology, industrial real estate and exports.

Despite the cautious recommendations of most securities companies, the market today (December 6) still traded enthusiastically, maintaining green throughout the session. The index representing the Ho Chi Minh City Stock Exchange increased by nearly 10 points to 1,276 points at one point before narrowing the range in the final minutes of the session. The VN-Index closed at 1,270.96 points, up 2.61 points from the reference to extend the upward streak for the second consecutive session.

The index rose, but the number of stocks that fell today was up to 204, while stocks that rose were only 170. The large-cap basket was similar, with stocks falling overwhelmingly with 17 stocks, while stocks that rose were only 13.

SSI led in liquidity with a matched value of over VND884 billion, far ahead of the two following codes, DGC with VND730 billion and FPT with VND678 billion. In terms of trading volume, SSI also led with 33.8 million shares successfully matched, followed by VIX with over 24.8 million shares and HPG with over 23.7 million shares.

VIC contributed the most to the increase today when accumulating 2.4% compared to the reference, up to 41,850 VND. The next stocks on this list are BID, GVR, DGC and FPT. On the other hand, HPG weighed down the VN-Index the most when this code decreased by nearly 1% to 27,600 VND. The remaining codes in the group with the most negative impact on the index are mostly in the banking group such as VPB, MBB, CTG, SHB and TPB.

The last session of the week recorded quite a few industry groups with consensus on prices, except for the fertilizer and chemical group with all stocks increasing. However, the increase of this group was quite different when DCM, DPM and BFC accumulated no more than 1%, while DDV and DGC increased by over 4%.

Foreign investors extended their net buying streak for the second session today. This group disbursed VND2,382 billion and sold VND2,025 billion, equivalent to a net buying value of VND358 billion. This is the session with the highest buying value in the past month.

Source: https://baodautu.vn/vn-index-cham-moc-1270-diem-khoi-ngoai-mua-rong-d231845.html