At the end of the session on June 16, VN-Index increased by 22.62 points to 1,338.11 points thanks to the pulling force from the VN30 group, especially the recovery of VIC, VHM, VRE. The HNX-Index and UPCoM also increased simultaneously.
The focus of trading came from the oil and gas - fertilizer - chemical group with a series of stocks such as PLX, GAS, PVD, PVC, OIL, PTV, PVO hitting the ceiling. The codes PVS, PVB, BSR increased by 4-6%. The increase was supported by the developments in the Israel - Iran conflict and strong cash flow from foreign investors. The liquidity of the whole market reached nearly 22,000 billion VND.
VPB led in terms of matched value with VND1,330 billion, up 3.6%. The top 10 most traded stocks on HoSE in terms of value all closed in the green, of which NVL increased 4.9%, reaching its highest level in a year.
The stock market increased by more than 22 points, foreign investors net bought 964 billion VND. (Screenshot).
On the HNX floor, the HNX30 index increased by 11.44 points to 473.18 points; the HNX-Index increased by 3.3 points to 228.12 points.
In the context of the VN-Index's improvement, foreign transactions also became a plus point when they strongly net bought VND 964 billion in the whole market, 12 times higher than the session at the end of last week, recording the third consecutive net buying session and becoming a big driving force for the market.
Of which, on the HoSE floor alone, foreign investors net bought nearly VND942 billion. Specifically, on the buying side, VPB shares were net bought over VND200 billion. In addition, a series of other stocks such as HPG, NVL and MWG were strongly net bought by foreign investors with values of VND181 billion, VND117 billion and VND111 billion respectively.
On the contrary, STB was the most net sold in the whole market with a value of 66 billion VND. VCI and PVD were also net sold around 54-57 billion VND. In addition, HVN and VHM were also net sold with a value fluctuating between 40-43 billion VND per share.
Commenting on the performance of VN-Index this week, many opinions say that the index will face correction pressure when geopolitical instability increases. However, Vietnamese stocks continue to maintain their appeal in the medium and long term thanks to a stable macro foundation, attractive valuations and economic growth potential that is superior to the region.
According to observations by experts from Agriseco Securities, the market continued to record strong fluctuations last week due to short-term adjustment pressure in the large-cap group. However, the fact that VN-Index maintained the 1,300-point mark shows that bottom-fishing demand is still present, especially in the group of stocks with positive fundamentals.
This week, Agriseco forecasts that the index will continue to face correction pressure amid increasing geopolitical instability in the Middle East between Israel and Iran. In a positive scenario, the VN-Index may accumulate in the 1,280-1,320 point range, waiting for further signs of cooling down of global geopolitical tensions, along with new information from Q2 business results and government support policies. Market liquidity is forecast to continue to be differentiated, focusing on stocks that benefit from policies and short-term speculative cash flows.
Source: https://vtcnews.vn/chung-khoan-tang-hon-22-diem-khoi-ngoai-mua-rong-964-ty-dong-ar949180.html
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