Series of stocks hit ceiling

The VN-Index chart remained green all day. The index started with a jump above the reference of nearly 5 points, then regained the 1,260 point mark. The market had a more positive development when money flowed to real estate, construction or resource stocks. At times, the stock index accumulated more than 7.5 points.

After a slight shake in the early afternoon, VN-Index was quickly boosted when demand found its way to the bluechip basket. Liquidity poured in stronger than yesterday, helping the market improve again.

The HoSE index closed at nearly 1,262 points, accumulating more than 7 points. The entire floor had 244 stocks increasing, more than 132 stocks decreasing. Except for food and beverage codes, the remaining groups all had industry indexes increasing, led by telecommunications, tourism - entertainment, chemicals and retail.

Liquidity has improved significantly, increasing by nearly 8,000 billion to more than 18,800 billion VND. However, this is still a low level compared to the previous period.

The net selling transaction of more than VND5,500 billion by the group of foreign shareholders at VIB affected the overall data of the entire HoSE. The net selling value increased to more than VND5,200 billion. If excluding the transaction at VIB, foreign investors net bought nearly VND290 billion.

Today, HoSE recorded 11 stocks increasing to the maximum limit. Not only the stocks with small transactions, in this group there are also HVN, CSV, YEG or HPX all reaching liquidity of tens to over hundreds of billions of VND.

HVN recorded a trading value of nearly 84 billion to close the session in purple at 22,000 VND. Vietnam Airlines shares also led the group contributing the most to the VN-Index. In terms of volume, this code recorded about 3.9 million shares changed hands, more than 10 times the average of the last 10 sessions.

The positive trend comes ahead of the national airline’s third-quarter financial report. Some analysts have predicted that Vietnam Airlines could report a sharp increase in profits above last year’s low base. In addition, HVN has just signed a strategic cooperation agreement with Viettel Post (VTP) to deploy transportation services to five key markets in Europe, and on the first day, it transported 10 tons of goods.

The market also paid attention to YEG. The stock hit the ceiling price of VND10,500 with liquidity of over VND34.6 billion. In terms of volume, this code had over 3.4 million trading units, nearly 3 times the average level in the past year.

YEG increased sharply after the news that Yeah1 Group made a profit of 34 billion VND in the third quarter, more than 10 times the same period after the success of the show "Anh trai vu ngan cong gai". In addition, on October 19, they held a concert in Ho Chi Minh City and sold out 20,000 tickets (priced from 800,000 VND to 8 million VND) in just 90 minutes.

Similarly, most other purple codes such as CSV, HPX or DLG also achieved good growth in Q3 business results. This coincides with the projections of many analysts that the stock market could be supported by strong improvement in corporate profits during the financial reporting season.