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Stocks rebound

NH (according to VnExpress) May 14, 2024 15:36

After three sessions of decline, VN-Index returned to green when it increased by more than 3 points, however, the momentum was not strong enough, liquidity remained low.

The HoSE representative index opened with positive developments, increasing more than 8 points after the ATO session. After the first hour of trading, this index improved more than 12 points compared to the reference, surpassing the 1,250 point mark.

The bluechip group created a big momentum for the market, in which VIC stood out the most. Vingroup's stock code was at one point approaching the ceiling price when VinFast (VFS) shares on the Nasdaq increased by more than half after officially accepting deposits for the VF3 mini electric car model with many positive responses.

However, the cash flow into stocks was not strong enough. After 10 hours, bluechip codes gradually cooled down, pulling the general index down. In the afternoon, the market mainly moved sideways, with short fluctuations. VN-Index closed up more than 3 points, reaching about 1,243.3 points.

On the entire HoSE floor, there were 226 stocks increasing and 201 stocks decreasing. The small difference between the two groups shows that the market's growth momentum is not strong enough.

Retail was the group with the most outstanding performance today when MWG and DGW increased by 3.1% and 2.2% respectively. MWG alone was the code with the largest liquidity in the market, reaching over 968 billion VND.

In addition, the green color in the market mainly came from individual codes scattered in each industry. In particular, the main contributors to the VN-Index were VIC, HVN, MWG, VPB, BCM, GVR. On the contrary, the codes PLX, BID, VCB, TCB formed resistance.

Today's liquidity decreased in the opposite direction of the score. The total transaction value on the HoSE floor reached over 15,600 billion VND, down more than 1,600 billion. This is the third session that the Ho Chi Minh City market has liquidity below 20,000 billion VND.

Foreign investors net sold more than 800 billion VND, for the fifth consecutive session. Today they focused on selling VHM, VPB, HPG.

Thus, this is the sixth consecutive session that VN-Index has tested the 1,250-point mark but failed. Therefore, analysts recommend that short-term investors should only consider disbursing if the index breaks out strongly above the resistance zone.

NH (according to VnExpress)
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Stocks rebound