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VN-Index regains 1,100 point mark

According to VnExpress November 29, 2023 18:22

Stocks had another session of gains thanks to the oil and gas group, VN-Index surpassed 1,100 points, although liquidity remained low.

The VN-Index's tug-of-war around the 1,100-point threshold has caused a cautious sentiment to prevail in the stock market. The unclear trend has caused most buyers and sellers to choose to stay on the sidelines. The VN-Index traded the entire morning session of November 29 within a range of less than 5 points above the reference.

The notable developments took place in the second half of the afternoon session when buying power became more active. Cash flow focused on oil and gas, real estate, retail and some recently noticed stocks such as HAG, helping the market to improve. On the contrary, pressure on some banking stocks in VN30 reduced the index's growth momentum.

At the end of the session, VN-Index today stopped at 1,102.8 points, up 7.37 points (0.67%). The session when VN-Index was almost at 1,100 points was November 22.

VN30-Index increased with a lower amplitude, only adding more than 4 points (0.43%). On the Hanoi Stock Exchange, HNX-Index added more than 1%, while UPCOM-Index increased 0.46%.

Market liquidity continued to be low, reaching just over VND14,700 billion. Of which, the transaction value on the HoSE floor recorded over VND12,600 billion, down nearly VND1,500 billion compared to the previous session.

At the end of the session, HoSE had 383 stocks increasing in price, compared to 122 stocks decreasing in price. In the VN30 group, 19/30 stocks remained green.

Oil and gas is the most notable name today with an increase of more than 3.3%, when the "P series" codes far exceeded the reference.

PLX was the most positive stock contributing to the VN-Index with 0.68 points when this code closed up more than 6%, to 35,800 VND. Some other oil and gas group codes such as PVS, PVD, PVB, PVC, OIL, BSR also traded positively.

In addition to oil and gas, mid-cap real estate and retail stocks also received attention. HQC, NVL, PDR, DIG increased by 1-3%. In the retail group, MSN, DGW, FRT traded actively.

On the contrary, pressure on the index today came from some large-cap bank stocks. In VN30, STB decreased by 1.2%, VCB, VPB, TCB closed in red. VCB was also the stock that had the most negative impact on the index when it impacted the VN-Index down by nearly 1 point.

Foreign investors net sold more than 100 billion VND today.

According to VnExpress
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VN-Index regains 1,100 point mark