Cash flow pours into realty stocks

Vietnam’s stock market witnessed a positive winning trading session on October 24, particularly in the final moments of the session.

During the morning trading session, liquidity appeared to dwindle, causing the market to trade sluggishly. However, as the afternoon session progressed, there was a willingness to purchase at higher prices, particularly in the real estate and banking sectors, which positively impacted the overall market.

The market was buoyed by banking stocks, the king stock group, as they made a strong U-turn. Among them, the majority of stocks showed gains, with many experiencing significant increases. For instance, OCB rose by 4.84 percent, SSB by 4.03 percent, EIB by 3.1 percent, VIB by 2.49 percent, BID by 2.48 percent, TPB by 2.13 percent, VCB by 1.78 percent, MSB by 1.56 percent, and TCB by 1.46 percent.

Furthermore, the real estate stock sector also attracted investor attention and recorded sharp gains. Notably, CTD hit its daily trading limit, while DIG surged by 6.23 percent, DXG by 4.73 percent, IDC by 4.1 percent, SZC by 3.74 percent, NLG by 3.53 percent, HDC by 3.26 percent, KBC by 2.8 percent, CKG by 2.55 percent, ITA by 2.54 percent, NVL by 2.25 percent, PDR by 2.15 percent, SCR by 2.13 percent, HDG by 1.92 percent, KDH by 1.49 percent, and DXS by 1.52 percent.

Similarly, the securities stock group posted positive gains, with OGC jumping by 5.78 percent, ORS by 5.47 percent, VCI by 2.36 percent, VIX by 2.08 percent, HCM by 1.9 percent, VND by 1.8 percent, CTS by 1.69 percent, FTS by 1.75 percent, VDS by 1.73 percent, and SSI by 1.47 percent.

Additionally, the energy, retail, and manufacturing stock sectors also demonstrated positive trading activity. More specifically, in the manufacturing group, GVR recorded a 3.54 percent increase, DGC saw a 2.74 percent rise, SAB had a 1.92 percent gain, MSN increased by 1.36 percent, SBT edged up by 1.46 percent, ANV advanced by 1.66 percent, and PHR climbed by 2.56 percent. In the energy sector, POW experienced a 1.36 percent increase, while PGV, GAS, and PLX registered nearly 1 percent gains.

As the trading session concluded, the VN-Index increased by 12.37 points, or 1.13 percent, to reach 1,105.9 points, with 355 stocks advancing, 142 declining, and 68 maintaining their prices.

In Hanoi, the HNX-Index also recorded a gain, rising by 2.63 points, or 1.16 percent, to close at 228.89 points, with 111 stocks in the green, 60 in the red, and 57 holding steady.

Market liquidity remained relatively low, with the total trading value across the entire market at only VND12.1 trillion, marking a decline of nearly VND2 trillion compared to the previous session. Additionally, foreign investors resumed net selling activities on the HOSE, with a total of nearly VND461 billion.

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