VN-Index successfully conquered the 1,300 point mark, the highest in the past 2 years

The stock index representing the Ho Chi Minh City Stock Exchange increased by nearly 16 points in the session on June 12, successfully conquering the 1,300 point mark, the highest price range in the past 2 years.

After yesterday's slight decline, many securities companies affirmed that the 1,300-point mark is a huge challenge for investor sentiment. Most analysts believe that the index representing the Ho Chi Minh City Stock Exchange will continue to fluctuate and the 1,280-point mark will become a short-term support level, while the probability of conquering 1,300 points this week is not high.

This morning's developments have proven this assertion when the VN-Index continuously reversed from decreasing to increasing and vice versa due to investors' caution and hesitation. The index almost fluctuated within a range of about 3 points, meaning it did not fall below 1,280 points and did not increase above 1,290 points.

However, after the lunch break, the market situation suddenly reversed. The strong cash flow helped the index rebound strongly compared to the reference and the increase range widened towards the end of the session. The index entered the matching session to determine the closing price (ATC) at the price range of 1,300.6 points. Finally, the index representing the Ho Chi Minh City Stock Exchange closed at 1,300.19 points, up 15.8 points compared to the reference. This is the highest price range since June 10, 2022.

Investors monitor an electronic board at a securities company in Ho Chi Minh City.

Market breadth was completely skewed towards the upside with 313 stocks closing in the green, while the number of stocks falling was only 124. The large-cap basket was also flooded with green with 26 stocks rising, 6 times more than the stocks falling.

Green dominated most sectors. Of which, banks led the increase when all closed above the reference. Specifically, VCB increased by 1.72% to VND88,700, followed by VPB increasing by 6.01% to VND19,400, LPB increased by 1.56% to VND26,100 and MBB increased by 2.44% to VND23,100.

The securities group also traded enthusiastically when most of them increased by more than 1.5% compared to the reference. VIX accumulated 3.8% compared to the reference, up to 19,050 VND and led the increase in amplitude. Next was SSI increasing by 2.2% to 36,600 VND, HCM increased by 1.7% to 29,900 VND and VND increased similarly to 18,050 VND.

The real estate group also recorded an upbeat state. Two pillar stocks, BCM and VRE, increased by 2.07% to VND64,200 and 0.69% to VND21,850, respectively.

On the other hand, SAB fell 0.9% to VND67,000, becoming the stock with the most negative impact on the VN-Index. The next names on the list that weighed down the index were POW, STG, DHG, and PLX.

Market liquidity today reached VND23,269 billion, down VND2,152 billion compared to the previous session. This value came from more than 895 million shares changed hands. The large-cap group contributed a trading volume of 338 million shares and liquidity of about VND10,872 billion.

FPT ranked first in terms of order matching value, reaching more than VND 1,464 billion (equivalent to more than 11.2 million shares), far surpassing the following stocks, VPB by about VND 1,309 billion (equivalent to nearly 70 million shares) and SSI by more than VND 993 billion (equivalent to more than 27 million shares).

Foreign investors have been net sellers for the fifth consecutive session. Specifically, in today's session, this group sold more than 60 million shares, equivalent to a transaction value of VND2,406 billion, while only disbursing more than VND1,814 billion to buy about 52 million shares. The net selling value accordingly reached VND592 billion.

On the Ho Chi Minh City Stock Exchange, foreign investors focused on selling FPT with a net value of more than VND213 billion, followed by VHM with more than VND137 billion, VPB and VNM both with more than VND57 billion. In contrast, foreign cash flow focused on MBB shares with a net value of about VND74 billion. MSN ranked next with a net absorption of nearly VND54 billion, followed by SGN with more than VND40 billion.

Source: https://baodautu.vn/vn-index-chinh-phuc-thanh-cong-moc-1300-diem-cao-nhat-trong-2-nam-qua-d217509.html