Numerous small and mid-cap real estate stocks, including many penny stocks, have witnessed a substantial increase, with some reaching the trading limit.
The market saw a strong surge in investor capital towards the end of the trading session, resulting in a significant increase in the VN-Index at the close of the week.
The Vietnam stock market encountered a tug-of-war throughout the trading session on April 19 but still closed down due to increased selling pressure, including net sales of more than VND460 billion by foreign investors on the HoSE.
Currently, Vietnam's stock market is experiencing a decrease in liquidity, and foreign capital inflows are being viewed as crucial support to help the market recover.
Foreign investors continued their net buying streak for the fifth consecutive session on the HoSE with a total net purchase value of over VND841 billion. Market liquidity also significantly improved.
The cash flow poured into the market heavily, so many stocks rebounded robustly, helping the VN-Index surpass 1,040 points at the close. Foreign investors also net bought for a second consecutive session with more than VND243 billion on the HoSE.
The VN-Index recovered for a second consecutive trading session on February 16 despite investors’ cautiousness which caused market liquidity to drop sharply.
Pillar stocks, such as STB, BID, and VRE, rallied in the last minutes of the trading session on February 13, cushioning the losing momentum of the VN-Index, helping the index to close above 1,040 points.
Thanks to the strong recovery of the trio of banking, securities, and steel stocks, the VN-Index closed the trading session on February 8 at above 1,070 points.
The selling pressure caused the electric board to be flooded in red color with more than 600 stocks dropping. However, this is an opportunity to catch the bottom of cheap stocks for cash-holding investors.