[ad_1]
While foreign investors focused on selling assets, domestic investors continued to buy aggressively, helping the number of shares on hand today set a new record.
Despite the slide in global stocks on fears that a new variety of Coca-Cola in the UK will affect the economic recovery, domestic investor sentiment remains optimistic. The sell force appeared many times during the session, dragging the VN index down below the benchmark, but after that, the buy force overwhelmed it. The index closed at 1,083.45 points, rose 2.37 points and maintained its rising streak for three consecutive sessions.
Cash flow entering the market, especially small and mid-cap stocks, strongly supported the index. Trading volume on the floor today in Ho Chi Minh City reached more than 756 million shares, breaking the 20-year record just set yesterday. The number of shares transferred was STB with more than 34.4 million, followed by ITA, HPG, FLC and MBB with more than 20 million.
The total trade value reached 14.590 billion dong, 200 billion dong more than in the first session of the week. This is the most liquid session since the beginning of the year, excluding the sudden deal of more than 15 billion VND from foreign investors who bought VHM shares in mid-June.
While domestic investors spent drastically, its trade value was only about 1.7 billion dong, 120 billion dong less than yesterday and it only contributed 11.5% to total liquidity.
The transaction decision of domestic and foreign investors increasingly shows a stark contrast. For example, LCG shares of Licogi 16 Joint Stock Company suffered the most selling pressure from foreign investors with almost 8 million units sold. However, the market price increased at the maximum amplitude to 14,050 VND and closed in a state of “white sellers” thanks to abundant domestic demand.
The VN30 basket was the main winner of the session, but liquidity brought in less than 6.4 billion dong. ROS and EIB are the two stocks with the greatest increase in breadth of the large capitalization basket as they accumulate 6.8% more, up to VND 2,340 and VND 19,650.
GVR still held its maximum price at 28,950 dong, making it the largest contributor to the VN-Index. Followed by two pillars that include HPG and MWG. On the other hand, VCB, BID, VIC and VNM lost 0.7-1.3% and were the actions that inhibited the market’s gain.
According to the MB Securities Company analysis group, after convincingly breaking through the strong resistance zone of 1,064-1,080 points, the VN-Index is heading to a new resistance zone of 1,100-1,135 points thanks to the strong fulcrum of the flow of cash. box. In this context, the medium-term uptrend is already very clear, so investors can pay more attention to the market price of each share than to the resistance thresholds of the index. Holding is considered a strategy that you should prioritize, not surf.
Oriental
