Stocks reversed in the last minutes of the session with a big impact from the VN30 basket, in which HPG contributed the most increase after the news of huge profits.
The VN-Index chart today "swayed" when it moved above the reference for about the first hour of trading, then turned red until the early afternoon when selling pressure was heavy. Around 2 p.m., the index fell to nearly 1,175 points - an important support level.
However, immediately after that, the HoSE representative index improved and surpassed the reference at around 2:20 p.m. when the VN30 group performed more positively. At the end of the session, the VN-Index reached 1,182.86 points, up nearly 1.4 points compared to the end of last week.
The number of stocks increasing and decreasing in price on the HoSE floor was quite similar, 246 codes and 223 codes respectively. The industry groups with the most positive developments were media, telecommunications and steel.
The market reversal was largely due to HPG. Hoa Phat Group's stock code reached nearly VND1,870 billion in liquidity, the highest in the market today, with about two-thirds being active buy orders. This stock increased by 3% at one point before closing 1.8% higher than the reference price. This code contributed the most to the increase of VN-Index.
HPG has positive developments after the news that Hoa Phat Group achieved the best business results of the year in the fourth quarter of 2023. Revenue increased by 33% over the same period to more than 34,900 billion VND. Profit after tax increased by 249% to nearly 3,000 billion VND. Compared to the previous quarter, this figure increased by 48%.
Accumulated for the whole year of 2023, Hoa Phat achieved about 120,355 billion VND in revenue and 6,800 billion VND in profit after tax, down 16% and 19% respectively compared to the same period. This enterprise completed 85% of the 2023 plan.
In addition to HPG, the market also recorded positive developments in NVL. This stock increased by 6% before closing at 17,300 VND per unit, accumulating 5.5% more than the reference price. This is the code contributing the second largest increase to the market.
HoSE liquidity today increased by about 3,900 billion to over 18,700 billion VND. Cash flow is concentrated in real estate, banking, resources and securities groups. While the real estate and securities groups still have quite good developments, the banking group has begun to face profit-taking pressure after a week of being the focus of the market.
Foreign investors had their eighth consecutive net buying session with about VND470 billion. This is the highest figure since the end of October, or the past three months. Today, this group strongly bought PC1, CTG, STB, VCG.
Siddhartha
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