Cash flow continued to pour massively into the market, with a significant portion being directed toward securities stocks. As a result, many stocks experienced substantial gains, contributing to the VN-Index surpassing the 1,090-point mark.
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.
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.
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.
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.