Cash flow focused on bank stocks such as VCB, TCB, BID, CTG..., helping VN-Index increase by more than 14 points compared to the reference, approaching the highest price range in the past month and a half.
Two consecutive increases in the middle of the week along with soaring liquidity helped investors' sentiment become excited.
This sentiment was maintained in the session of May 16, thereby helping the index representing the Ho Chi Minh City Stock Exchange to stay green throughout the session before closing at 1,268.78 points, up 14.39 points compared to the reference. This was the strongest increase of the stock market in the past 10 days.
The number of stocks increasing completely overwhelmed the number of stocks decreasing in today's session, with 300 stocks and 129 stocks, respectively. The large-cap basket contributed 24 stocks increasing, 6 times the number of stocks decreasing.
Green covered the banking group, especially the leading stocks. Specifically, VCB ranked first in terms of contribution to the VN-Index when it increased by 1.8% to VND92,600. TCB increased by 3.7% to VND49,900, BID increased by 2% to VND49,600, CTG increased by 2.6% to VND33,200 and LPB hit the ceiling of VND22,000 to rank next in the list of stocks with the most positive impact on the market.
With an increase of 1.3% to VND31,600, HPG is the only non-banking stock in the group of stocks with the most excited trading status and contribution.
The securities group also had a positive status when most of them closed above the reference with a common increase of 0.7-1.7%. Similarly, green covered oil and gas stocks when all codes in this group increased points. The highest increase of oil and gas stocks belonged to PVS when accumulating 4.6% compared to the reference, up to 45,600 VND.
On the other hand, MWG faced strong selling pressure after a hot surge. Shares of the leading retail company fell 1.5% compared to the reference price, falling to VND59,900. GVR, BCM, CMG and PGV ranked behind in the group of stocks that negatively impacted the general index.
Market liquidity continued to improve as more than 885 million shares were traded, an increase of 5 million shares compared to the previous session. The trading value reached VND22,695 billion, slightly up from VND22,150 billion yesterday. The top liquidity positions today all belonged to the banking group, respectively SHB with more than 36.7 million shares, MBB with more than 31.4 million shares and ACB with more than 30.2 million shares.
Foreign investors traded sideways on May 16. This group spent VND1,928 billion to buy 61.2 million shares, while selling about VND1,922 billion worth of shares. The net buying value reached VND6 billion, extending the buying streak for the second consecutive session. MWG decreased in price but continued to attract foreign investors' cash flow with a net buying value of VND210 billion, far exceeding the next stock, NLG. Meanwhile, VHM was under strong selling pressure from foreign investors with a net value of more than VND192 billion.
Source: https://baodautu.vn/vn-index-tang-hon-14-diem-tien-sat-ve-vung-gia-1270-diem-d215329.html
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