VN-Index recovers strongly after “breaking” the 1,200 point mark

Bottom-fishing demand increased after VN-Index slipped below the 1,200-point mark. Many stock groups had strong recoveries.

After a day of strong selling pressure from foreign investors as domestic cash flow showed weakness, entering the trading session on November 20, widespread selling pressure continued and continued to cause the indices to fall below the reference level. Foreign selling pressure was still very large and was the main reason for many pillar stocks to plummet. In particular, FPT and MWG were the focus of foreign capital selling. A series of industry groups with sharp declines caused the VN-Index to "break" the 1,200 point mark at times. The lowest point of this index was 1,198.2 points.

Immediately after the VN-Index broke through the 1,200-point mark, bottom-fishing demand was activated and this helped many stock groups recover, so the indices also reversed. Trading in the afternoon session went quite smoothly despite sometimes encountering relatively strong selling pressure. The indices all closed in the green.

At the end of the trading session, VN-Index increased by 11.39 points (0.95%) to 1,216.54 points. HNX-Index increased by 1.61 points (0.73%) to 221.29 points. UPCoM-Index increased by 0.79 points (0.87%) to 91.09 points. The whole market today had 471 stocks increasing, while only 247 stocks decreased and 843 stocks remained unchanged, not traded. The market recorded 26 stocks increasing to the ceiling price but there were still 21 stocks decreasing to the floor price./-strong/-heart:>:o:-((:-h The real estate group had the most positive performance in today's session and was the main factor helping the cash flow spread to many other stock groups.

The focus of the real estate group is NVL stock when the price increased sharply after the information on November 19, Chairman of Dong Nai Provincial People's Committee Vo Tan Duc signed Decision No. 3479 officially approving the local adjustment of the 1/10,000 master plan, marking a decisive step in removing legal issues for Novaland Group's Aqua City project, which has been stuck for more than 2 years.

The newly announced adjustment focuses on the population size and land use quota in subdivision C4, part of the urban area west of Bien Hoa - Vung Tau highway. This is an important legal step to remove obstacles for many projects of many enterprises; ensure the synchronization of the next planning levels, paving the way for the completion of the adjustment of subdivision C4 planning and detailed planning 1/500 of the Aqua City project, expected to be completed in early 2025.

Despite the strong sell-off in the general market, NVL still maintained a good growth momentum. At the end of the session, NVL increased by 4.65%. Meanwhile, DXG surprised everyone by being one of the stocks with the strongest growth in the real estate group. DXG increased by 6.2%. In addition, DXS also increased by 6.5%. Real estate stocks such as VRC, DIG, PDR, TCH, CEO... also increased sharply in price.

Sectors such as securities, seaports - shipping, industrial parks, seafood, etc. also had good recoveries.

In the VN30 group, VHM, FPT, CTG, TCB, BID... increased in price well and contributed to pulling the general market up in today's session. VHM increased by more than 2.6% and was the code with the most positive impact on the VN-Index when contributing 1.16 points. FPT, after being sold off heavily at the beginning of the session due to pressure from foreign investors, had a very good recovery and closed up 1.85%.

On the other hand, MWG was the code that had the most negative impact on the VN-Index, taking away 0.25 points from the index. Despite MWG's efforts and even a period of good price increases, selling pressure, especially from foreign investors, was still quite strong, so it closed the session down 1.22%. Codes such as GAS, VTP... also went against the recovery trend of the general market. VTP fell sharply by nearly 5%. Codes in the same "family" of Viettel such as VGI, VTK or CTR were all in red.

The total trading volume on the HoSE reached 767.5 million shares, equivalent to a trading value of VND17,807 billion, up 34.4% compared to the previous session, of which negotiated transactions accounted for VND2,614 billion. The trading value on the HNX and UPCoM was VND1,011 billion and VND596 billion, respectively.

VHM and FPT are the two stocks with trading value exceeding 1,000 billion VND in today's session. Of which, VHM traded the highest with 1,221 billion VND, FPT was 1,092 billion VND. DXG and HPG were in the next positions with 831 billion VND and 584 billion VND respectively.

Foreign investors continued to net sell VND1,245 billion across the market on November 20. VHM topped the net selling list with VND340 billion. FPT followed with a net selling value of VND258 billion. MSB, HPG and SSI were all net sold over VND100 billion. On the other hand, CTG was the strongest net buy with VND68 billion. DIG and MWG were net bought VND48 billion and VND39 billion, respectively.

Source: https://baodautu.vn/vn-index-hoi-phuc-manh-sau-khi-thung-moc-1200-diem-d230515.html