The domestic stock market in July 7 recorded a third straight gaining session. Closing the session today, VN-Index increased slightly 0.3% to 863 points.
However, the market breadth is in the state of “green red heart”. On HoSE, 185 stocks increased while the number of declined stocks was 192. In the VN30 group, 14 stocks ended in the green and 10 stocks closed in red, 6 stocks remained the reference.
SAB (Sabeco) and HPG (Hoa Phat) increased by 3%, CTG (Vietinbank) increased by 2%, VCB (Vietcombank) and BID (BIDV) increased by 1% were the stocks that played the most important role in leading the rise of the market today.
Market liquidity today rebounded with a trading value of 5,717 billion dong on HoSE, in which matching orders accounted for 4,557 billion dong. A total of nearly 331 million shares were transferred in the session 7/7.
Leading in trading volume is FLC with 37.5 million shares changing hands. This is also the highest level of liquidity in 2020 of this code. Today FLC plummeted 6% to VND 3,460.
Currently, the Chairman of FLC Group Trinh Van Quyet buys 15 million shares of the company as registered. Mr. Quyet plans to buy shares from June 26 to July 25 to increase the ownership in FLC from 21.2 to 23.3%.
FLC liquidity rose to the highest level since the beginning of the year on the sharp decline in stock market price. Photo: VNDS.
Foreign trading on July 7 was positive. Foreign investors continued to be net buyers with a total value of VND 50 billion. The purchasing power focused on PLX (Petrolimex) – 87 billion, VRE (Vincom Retail) – 38 billion, HPG (Hoa Phat) – 18 billion.
“The market has had 3 consecutive increasing sessions and the liquidity has continuously increased. This is a sign that the uptrend has really drawn new money into the war. When the cash flow has not shown signs of peaking, the current gaining momentum is still going on, ”said MBS stock after today’s session.
Company experts think that the semi-annual report season is about to start and big businesses with positive results will appear gradually next week so the market will have more room to grow. Technically, although cooling off in the afternoon when not exceeding the threshold of 870 points, the new uptrend continues.
Meanwhile, BSC’s analysis stated that the liquidity continued to improve, the market breadth was in equilibrium, showing that the current rally needs more motivation to be sustainable. The VN-Index is likely to fluctuate in the area of 850-870 points before having a clearer trend.