Real estate stocks simultaneously hit the ceiling

Stocks gained nearly 24 points yesterday but did not help the market become more active, as many investors still kept a cautious attitude. VN-Index, therefore, opened today’s session in the red. The selling force at the beginning of the session was not too strong, the buying force was also cautious.

The sideways state was maintained until the end of the morning session before the market went downhill. HoSE’s index extended the red color to more than 10 points before the lunch break with the drop concentrated in some key groups such as securities, banks, steel or some real estate codes. However, in the afternoon session, the market trend gradually improved. Buyers participated more actively while selling slowed down so many stocks crossed back to reference. Some real estate stocks recorded an increase in bottom-fishing force, pushed to the ceiling price. Many other groups of stocks also traded actively.

VN-Index increased rapidly in the last 30 minutes of the afternoon session, closing the session up nearly 8 points (0.62%) to over 1,300 points. VN30-Index gained more than 4 points, reaching nearly 1,350 points. On HNX, HNX-Index added nearly 1%, while UPCOM-Index closed in the red.

With traction mainly from mid-cap and low-cap groups, green color dominated the market. HoSE recorded nearly 300 advancers, compared with 143 decliners. Particularly for VN30 group, the situation is somewhat more balanced when the number of stocks increasing and decreasing keeps the ratio 16:13.

Real estate was the most noticed name in today’s session. The tickers of this group like DIG, CEO, CII, NBB traded below reference in the morning but simultaneously increased in range in the afternoon session. Some other codes in this group such as SCR, NLG, HQC, QCG, DXG also traded actively.

In other groups, construction codes with representatives of CTD, HBC, LCG, C4G also kept in green at the close. Oil and gas groups and seaports also traded actively. With speculative codes, the group of stocks related to FLC or Louis are far beyond the reference.

In the large-cap group, banking, retail, and real estate codes were noticed. CTG was the best gainer in this group with a margin of 6%, PNJ, FPT gained more than 3%, VRE, ACB exceeded reference by more than 2%.

On the other side, securities codes traded differently, steel group closed in red and construction materials also did the same.

Although the market had a reversal rhythm with a amplitude of more than 20 points, the liquidity continued to decrease. The transaction value on HoSE was just over 11,000 billion VND, of which VN30 group traded more than 4,500 billion VND. Foreign investors kept a net selling position of about 100 billion dong.

Minh Son