Stocks jumped 53 points, investors eagerly returned to the market

(NLDO) – Many investors who had just cut their losses after two consecutive stock market declines were surprised when the VN-Index exploded and increased by more than 53 points.

The stock trading session on August 26 ended with surprising developments for both investors and experts.

Stocks jumped 53 points

After two sessions of sharp declines of more than 75 points, many investors were pessimistic and worried that the VN-Index might break through the 1,600-point threshold. However, the market reversed dramatically, with the VN-Index increasing by more than 53 points at the end of August 26, closing at 1,667 points, the highest level of the day. The VN30 also broke through by nearly 66 points, approaching the 1,850-point mark, while the HNX-Index increased by more than 9 points to 275 points.

Liquidity was not as good as the previous session, but the transaction value on all three exchanges still reached more than VND42,600 billion, with about 1.6 billion shares traded.

Previously, throughout the morning session, the VN-Index moved sideways, even making many investors more worried. But in the afternoon session, cash flow suddenly entered the market strongly, stocks of many industry groups, from banking, securities to real estate, steel, especially Vingroup stocks, increased very strongly. Many stocks hit the ceiling, pulling the general index up. The names that contributed the most positively were VHM, VIC, TCB, CTG, MBB, HPG, VCB.

Investors are excited again after the market's strong increase. Photo: Ng.Trang

The atmosphere on investment forums also changed rapidly: joy returned to those who still held stocks, while many who had just cut their losses regretted not having had time to buy them back.

Others began to look for stocks to buy in preparation for a new uptrend, making the market visibly excited.

Latest forecast after stocks jumped 53 points

Mr. Vo Van Huy, Head of Senior Client Department of DNSE Securities, assessed that this reversal is not too surprising if viewed in the long-term picture. The VN-Index successfully tested the important support level of 1,600 points and foreign investors returned to net buying, creating a driving force to help the market rebound. Although liquidity is not really high, the cash flow present in leading stocks such as SSI or Vingroup group is still enough to spread and strengthen investor sentiment.

Sharing the same view, Mr. Tran Anh Giau, Investment Consulting Director at Kafi Securities, said that the market had experienced a volatile session but showed signs of balance. The recovery came from the main pull of the banking, securities and real estate groups, while foreign investors returned to net buying nearly VND940 billion, focusing on codes such as MSB, VIX, MWG. This is considered an important boost, creating a foundation for the VN-Index to rise after two deep correction sessions.

According to Mr. Giau, this technical recovery is an opportunity for investors to restructure their portfolios in a safer direction.

Foreign investors "turn around" to net buy again after many sessions of net selling stocks

Source: https://nld.com.vn/chung-khoan-lao-doc-roi-bat-tang-53-diem-gioi-dau-tu-lai-hao-huc-tim-mua-co-phieu-19625082616405071.htm