VIC and VHM contribute more than half of the points to VN-Index

On the Ho Chi Minh City Stock Exchange, in the morning session, strong selling pressure caused the index representing the floor to fall more than 36 points, close to 1,606 points, then bottom-fishing pressure appeared, helping the market to slow down. By lunchtime, the VN-Index was at 1,629.47 points, down 13.79 points.

VIC and VHM provided the strongest support for the market on September 11. Screenshot

In the afternoon session, demand increased, thanks to which the market reversed and went up. At the end of the session, VN-Index reached 1,657.75 points, up 14.49 points (0.88%); VN30-Index increased 26.45 points (1.45%), to 1,855.08 points.

This session, the pillar stocks group has differentiated. Of the 10 largest stocks, 5 stocks increased in price and 5 stocks decreased in price, but fortunately, it only decreased slightly, less than 1%.

Vingroup 's stocks, VIC and VHM, which are also the second and third largest stocks in the market, performed outstandingly, increasing by 3.9% and 4.03% respectively, contributing the most to the VN-Index (4.73 points and 4 points). Thus, these two stocks alone contributed more than half of the total points recorded by the VN-Index during the session.

These two codes continued to prosper not only thanks to business prospects but also thanks to the information that parent company Vingroup filed a civil lawsuit against 68 domestic and foreign organizations and individuals for spreading false and distorted information about the group as well as some of the group's leaders on social networking platforms.

Real estate was also the group with the best increase in points this session. On the contrary, the hardware and equipment group decreased the most.

Market breadth was fairly balanced. The entire floor had 163 stocks increasing in price and 152 stocks decreasing in price. In the VN30 group, the number of stocks increasing in price was more than twice as many as decreasing in price (20 stocks and 8 stocks).

Liquidity improved with nearly VND37,000 billion changed hands. Foreign investors continued to be net sellers. This group bought more than VND3,475 billion and sold over VND4,538 billion.

Meanwhile, on the Hanoi Stock Exchange, the HNX-Index fell 0.42 points (-0.15%) to 274.18 points; the HNX30-Index fell 598.31 points after falling 5.99 points (-0.99%). The entire exchange had approximately VND2,800 billion worth of shares changed hands.

Source: https://hanoimoi.vn/vic-va-vhm-dong-gop-hon-nua-so-diem-cho-vn-index-715742.html