Vietnam stock market came back with green on Tuesday session as VN Index recovered and made a breakthrough thanks to the up move off banking and real estate stocks.
At the end, VN Index added 13.49 points, or +0.94% and closed at 1,452.46. Liquidity decreased but remained at a robust level with a turnover reaching VND 28,851 bn, equivalent to 1,009mn shares traded. Foreign investors net sold strongly at VND1,170 bn.
Among stocks that contributed to VN Index’s gain, GVR (+6.99%) had the most, followed by VCB (+0.93%) and VHM (+0.83%). On the contrary, NVL (-1.37%), VNM (-0.89%), HPG (-0.36%) were notable tickers that had negative impact on the index. Among all industries, real estate and construction stocks was on the highlight with many strong gainers, such as DIG (+6.99%), IJC (+6.99%), and NLG (+6.99%). Besides, chemicals, banks, and brokerage stocks were also supporting factors for the index. Technically, the liquidity remained at high level, helping the index surpass the resistance at 1,450. Besides, the MACD shows that the uptrend has no sign of stopping as the MACD line is far away above the signal line. The next target of the index will be the 61.8% Fibonacci level at 1,500. In general, the market quickly regained strong momentum after the previous correction, showing that the gaining momentum is solid. However, the cash flow still tends to flow into small and mid-cap stocks.
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