Foreign investors are still net sellers, but positive domestic cash flow helps VN-Index gain more than 10 points, approaching the 1,300 point threshold.
The market entered today's session with a more positive sentiment, in contrast to the cautiousness in the second half of the session on July 8. The VN-Index opened above the reference price, stagnated in the first half of the morning session, before expanding its upward momentum.
Foreign selling pressure has somewhat narrowed after a record net selling session, along with cash flow from domestic investors pushing the market up. At the end of the morning session, the HoSE index surpassed the 1,290 point threshold.
Selling pressure was somewhat stronger in the afternoon session, but cash flow was still strong enough to support prices. Mid- and low-cap stocks increased sharply to counter pressure from bluechips. VN-Index struggled in the price range above 1,290 points until the end of the session.
Closing, the HoSE index increased by more than 10 points (0.79%) to 1,293.71 points - the 7th consecutive session, approaching the psychological threshold of 1,300 points. The VN30-Index performed worse when it increased by nearly 6 points (0.45%), reaching 1,321.78 points.
Total market liquidity reached over VND24,900 billion. Of which, liquidity on the HoSE floor reached over VND21,800 billion, an increase of over VND2,000 billion compared to the previous session. Foreign investors net sold over VND460 billion today, the 24th consecutive session this group sold.
At the end of the session, the HoSE had 295 stocks increasing in price and 155 stocks decreasing. GVR was the stock that contributed the most to the VN-Index with 1.5 points when this code increased by more than 4%, to 38,000 VND. On the contrary, FPT was the stock that had the most negative impact on the index when it decreased by 1.5%, to 137,500 VND.
In VN30, in addition to GVR, banking stocks also regained green after many sessions of tug-of-war. HDB increased by 3.5%, MBB, VPB added nearly 2%, BID, VCB increased by over 1%. Other group codes such as BCM, BVH, POW traded actively. The trio of Vingroup group stocks, including VIC, VHM and VRE also closed in green. On the contrary, PLX, TCB, VNM, MWG closed below reference.
In the mid-cap group, green was more dominant. Seafood, chemical, construction, and real estate stocks traded well, with many stocks closing at ceiling prices.
TH (according to VnExpress)