SGGPO 11/20/2023 5:25 PM

VN-Index turned up nearly 20 points in the session because of the bottom-fishing cash flow pouring into the market. The group of stocks that "piloted" the market were stocks that increased strongly, because of information that the KRX system is being tested and will officially operate at the end of December 2023.

Stock group increased strongly

The Vietnamese stock market opened the first trading session of the week on November 20 with a sharp decline due to intense selling pressure. However, from the deepest decline of nearly 16 points in the morning session, in the afternoon session, at one point the VN-Index turned around and increased by 10 points, but at the end of the session, the increase narrowed, only increasing by nearly 3 points. Although the VN-Index ended the session with a gain, the number of stocks that decreased was greater than the number of stocks that increased.

With positive information from the KRX system which will soon be put into operation at the end of this year, the group of securities stocks increased the most with BSI hitting the ceiling, VND up 4.69%, VIX up 4.32%, AGR up 3.33%, CTS up 5.62%, FTS up 3.54%, HBS up 4.94%, HCM up 2.26%, SHS up 3.45%, SSI up 2.86%, VCI up 2.36%...

The banking group was differentiated but leaned towards red: EIB decreased by 1.08%, MBB decreased by 1.1%; MSB, OCBACB, CTG, STB, TCB decreased by nearly 1%... On the contrary, there were a few stocks that increased by more than 1% such as: HDB, VPB, TPB...

Real estate stocks were also strongly differentiated but leaned towards green. Stocks that increased included: SZC increased to the ceiling, TCH increased by 2.38%, IDC increased by 2.02%, KBC increased by 1.91%, DIG increased by 1.56%, DXG increased by 1.77%, PDR increased by 1.24%, VIC increased by 1.18%... On the contrary, CII, HDC, LDG, TDC decreased.

At the end of the trading session, VN-Index increased by 2.47 points (0.22%) to 1,103.66 points with 203 stocks increasing, 314 stocks decreasing and 98 stocks remaining unchanged. At the end of the session on the Hanoi Stock Exchange, HNX-Index also increased by 1.23 points (0.54%) to 227.77 points (0.54%) with 73 stocks increasing, 80 stocks decreasing and 70 stocks remaining unchanged.

Market liquidity decreased sharply compared to the session at the end of last week but remained at a fairly good level with a total transaction value across the entire market of nearly VND 19,400 billion. Of which, the HOSE floor had liquidity of nearly VND 17,000 billion, down VND 7,000 billion compared to the session at the end of last week.

Not only did domestic investors' bottom-fishing cash flow pour into the market, but foreign investors also ended their previous net selling streak, returning to net buying nearly VND466 billion on the HOSE floor.