The general market performance this morning (October 21) was generally quite gloomy with low liquidity, the index fluctuated, almost moving sideways within a narrow range.
Market liquidity only reached 233.54 million shares, equivalent to VND5,404.08 billion, on the HoSE and 19.59 million shares, equivalent to VND312.63 billion, on the HNX. The UPCoM market had 10.49 million shares traded, equivalent to VND127.17 billion.
Market breadth was tilted towards the decliners with 396 stocks falling, 5 stocks hitting the floor compared to 263 stocks rising, 8 stocks hitting the ceiling. The entire market had 794 stocks with no transactions.
On the HoSE floor alone, the number of stocks decreasing in price was overwhelming with 207 stocks while the increase side had only 124 stocks. However, the VN-Index still achieved an increase of 1.97 points, equivalent to 0.15%, to 1,287.43 points. The VN30-Index increased by 2.64 points, equivalent to 0.19%.
On the HNX floor, the HNX-Index adjusted 0.98 points, equivalent to 0.43%, due to 78 stocks decreasing compared to 48 stocks increasing. The UPCoM-Index also decreased 0.24 points, equivalent to 0.26%.
VHM stock performance over the past year (Source: Tradingview).
The reason why VN-Index is "green on the outside, red on the inside" is the pull from VHM. The increase in Vinhomes shares alone helped VN-Index increase by more than 2 points. In addition, VIC also contributed 0.6 points to the main index.
Vinhomes shares increased 4.2% this morning to VND47,150 with 13.6 million units matched. Accordingly, VHM's market price has set a new peak, the highest in 52 weeks, and brought Vinhomes' market capitalization value to over VND200,000 billion, reaching VND205,308.4 billion.
Vinhomes recently announced a plan to buy back 370 million VHM shares. The expected trading time is from October 23 to November 21. The trading method is order matching or negotiation through a securities company, in accordance with the provisions of law.
The purpose of the transaction, as affirmed by billionaire Pham Nhat Vuong's business, is to ensure the interests of the company and shareholders in the context of VHM's market price on the stock market being lower than its real value.
Vingroup shares also increased by 1.6% and VRE increased by 1.9%. With the lead of Vin shares, the real estate sector this morning had quite positive developments. QCG increased to the ceiling price of VND10,500; HDC increased by 2.7%; DXG increased by 2.5%; DXS increased by 2.1%; PDR increased by 1.4%; CRE increased by 1.2%; TDH increased by 1.2%; DIG increased by 1%.
Some stocks in the same industry were adjusted in price, but the decrease was not significant. KBC only decreased by 0.4%; NLG decreased by 0.4%; KDH decreased by 0.6%; TCH decreased by 0.6%.
Similarly, in the construction and materials industry, there were stocks with good price increases such as HVX, ACC, NAV, CTD, BMP, but liquidity in these stocks was very modest. On the contrary, there were adjustments in VGC, DPG, BCE, FCN.
Most financial service stocks declined: AGP down 4.9%; FTS down 1.5%; VDS down 1.2%; HCM down 1.1%; CTS down 1.1%. Only a few stocks increased slightly, such as VND, AGR, VCI, ORS.
The banking sector also saw differentiation. While EIB increased by 3.3%; VCB, MBB, VPB, STB increased slightly, MSB, TPB, CTG, LPB, TCB decreased slightly.
Source: https://dantri.com.vn/kinh-doanh/von-hoa-vinhomes-vuot-200000-ty-dong-truoc-them-thuong-vu-lich-su-20241021131007390.htm
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