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After a series of sharp declines, especially yesterday's sell-off that caused the total market capitalization to lose nearly 7.5 billion USD, the stock market had a fairly good recovery session. Bottom-fishing demand in the market pushed the VN-Index up about 22 points compared to the lowest level of the session.
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| Market with many green colors in recovery session 4-10 |
Vietnam stock market trading session on October 4, although liquidity was low, demand entered the market, causing VN-Index to recover quite strongly. Fertilizer, securities and real estate stocks recovered the strongest.
In which, the securities group had FTS and BSI increase to the ceiling, SSI increased by 5.13%, VND increased by 3.56%, VCI increased by 2.57%, HCM increased by 2.41%, VIX increased by 1.68%. The group of chemical fertilizer stocks also had DCM increase to the ceiling, DGC increased by 3.85%, DPM increased by 3.42%... The group of real estate stocks leaned strongly towards green with the trio of Vingroup increasing simultaneously: VIC increased by 3.6%, VRE increased by 2.66% and VHM increased by 1.25%. In addition, PDR increased by 3.54%, VCG increased by 3.2%, SZC increased by 2.2%, HDC increased by 3.64%, NLG increased by 1.68%...
Banking stocks also rebounded, contributing greatly to the recovery of the general market. Of which, STB increased by 3.42%, LPB increased by 2.66%, BID increased by 2.29%, MSB increased by 2.22%, OCB increased by 1.92%, EIB increased by 1.19%... In addition, a group of steel stocks also recovered with the market with NKG increasing by 3.5%, HSG increasing by 2.14% and HPG increasing by 1.81%...
At the end of the trading session, VN-Index increased by 10.57 points (0.95%) to 1,128.67 points with 339 stocks increasing, 146 stocks decreasing and 58 stocks remaining unchanged. At the end of the session on the Hanoi Stock Exchange, HNX-Index increased by 3.52 points (1.55%) to 230.20 points with 111 stocks increasing, 50 stocks decreasing and 74 stocks remaining unchanged. Liquidity decreased by only half compared to the previous day, the total transaction value in the whole market reached nearly 17,400 billion VND, of which liquidity on the HOSE floor was only nearly 15,000 billion VND.
The positive point is that foreign investors have returned to net buying nearly 190 billion VND on the HOSE after a long net selling streak before. In September 2023, foreign investors net sold nearly 4,500 VND on the HOSE, the highest since the beginning of the year. In the first 9 months of 2023, foreign investors net sold 6,900 billion VND on the whole market.
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