VN-Index cautiously increases
The stock market session on December 25 started with investors’ worries. Last week, the VN-Index managed to maintain its green color after many sessions of significant fluctuations. However, investors are still not optimistic because liquidity has dried up to the point of falling to “rock bottom”.
Therefore, at the beginning of the new week, VN-Index was only slightly green. However, due to the not too great selling pressure, the market became more confident, green increasingly covered the electronic trading board.
According to VCBS Securities Company, one of the positive signals of the market is that the net selling pressure from foreign investors has decreased by nearly half. Over the past period, foreign investors have net sold about 25,000 billion VND. Therefore, the "brake" action of foreign investors selling in the stock market session on December 25 has positively impacted market sentiment.
Optimism from foreign investors has helped domestic investors become more optimistic, thereby causing the VN-Index to increase more strongly towards the end of the session. Sectors that account for a large proportion of capitalization in the structure of the VN-Index such as banking and real estate have also shown signs of recovery and created a positive premise to lead the upward trend of the index.
The December 25 stock market session exploded in points but still made investors cautious because liquidity continued to be low. The focus of the market was the soaring momentum of Vietnam Airlines shares. Illustrative photo
At the close of the stock market session on December 25, VN-Index increased by 14.60 points, equivalent to 1.32% to 1,117.66 points; VN30-Index increased by 14.41 points, equivalent to 1.31% to 1,111.86 points. The entire floor recorded 409 stocks increasing in price, 92 stocks remaining unchanged and 78 stocks decreasing in price. In the VN30 group, there was only 1 stock decreasing in price, which was GVR, the remaining 29 stocks all closed in green.
However, VN-Index only increased cautiously when liquidity, although improved, remained at a very low level. Only 659 million shares, equivalent to VND15,150 billion, were successfully traded. The VN30 group recorded 195 million shares, equivalent to VND6,071 billion, being traded.
On the Hanoi Stock Exchange, the indices were less excited. At the close of the stock market session on December 25, the HNX-Index increased by 1.18 points, equivalent to 0.52% to 229.45 points; the HNX30-Index increased by 4.23 points, equivalent to 0.87% to 492.89 points. Liquidity on the Hanoi Stock Exchange was also low, with only 61 million shares, equivalent to VND1,288 billion, successfully transferred.
"We recommend that investors consider increasing the proportion of stocks that have shown signs of successfully testing the support zone or showing signs of surpassing the peak for stocks in industry groups such as oil and gas, securities, and real estate," VCBS advised investors.
Vietnam Airlines flies high
The stock market session on December 25 witnessed an increase in all stocks and all industry groups. Among the blue-chips, Masan Group's MSN stock had a growth rate that was superior to the remaining codes when it increased by VND3,400/share, equivalent to 5.4% to VND66,400/share.
Following MSN in terms of growth rate are PLX (up 850 VND/share, equivalent to 2.51% to 34,650 VND/share), GAS (up 1,800 VND/share, equivalent to 2.41% to 76,500 VND/share), VHM (up 900 VND/share, equivalent to 2.23% to 41,200 VND/share), VRE (up 450 VND/share, equivalent to 1.96% to 23,400 VND/share),...
However, the highlight of the stock market on December 25 was not MSN or any other blue-chips but Vietnam Airlines' HVN stock. HVN was one of the four rare stocks that hit the ceiling in the stock market session on December 25.
Closing the stock session on December 25, HVN increased by 750 VND/share to 11,750 VND/share. This is the highest price of HNV since mid-October 2023. HVN liquidity skyrocketed to 532,900 shares, higher than the average trading volume of 344,910 in the last 10 sessions of this code.
HVN shares soared after the Ho Chi Minh City Stock Exchange (HoSE) announced its decision to remove HVN shares from the warning list from December 26 due to the successful organization of the 2023 Annual General Meeting of Shareholders on December 16 (overcoming the cause that led to the stock being put on the warning list).
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