Từ khóa: #pillar stocks

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.

After the sharp decline the previous day, Vietnam’s stock market continued to retreat in the trading session on December 7. Although the VN-Index only lost by nearly 8 points, many stocks fell to the floor, especially real estate stocks. VIC shares alone hit the ceiling price of VND71,200 per share, contributing to curtailing the losing momentum by nearly 5 points.

Vietnamese equities closed sharply higher on Friday thanks to the strong growth of blue chips.

Despite the selling pressure in many sectors, the VN-Index still gained slightly in the trading session on the last day of October, thanks to the effort of the pillar stocks. In contrast, steel stocks continued to be engulfed in the red color due to heavy losses in the third quarter.

The selling pressure suddenly increased in the group of pillar stocks when the VN-Index surpassed 1,260 points, creating a sell-off wave in the remaining stocks in the VN30 basket.

Selling pressure from pillar stocks made the VN-Index continue to drop on June 22 despite receiving support from banking and securities stocks.

Instead of only receiving support from pillar stocks, the VN-Index suddenly rebounded robustly on June 8, thanks to the solidarity from the remaining small and medium-sized stocks.

The market was dominated by the red color, but the VN-Index still gained, thanks to the group of pillar stocks. The fact that the market cannot be judged by its appearance makes many investors worry because they have lost direction in market assessment.

The stock market settled higher on Tuesday on gains in large-cap stocks. Meanwhile, foreign investors still escaped from the market.

Vietnam’s stock market opened the week in green on November 9 as several large-cap stocks rallied robustly.