Stock market November 23: FOMO cash flow pulled VN-Index upstream by more than 5 points

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The bottom-fishing cash flow was active at the end of the morning session, helping VNMidcap and VNSmallcap recover strongly. From a drop of nearly 40 points, these two indexes have returned to reference. Besides, large-caps also returned to lead the market with the recovery of banking codes.

Pausing the morning session, VN-Index increased by 5.4 points (0.37%) to 1,452.65 points, HNX-Index decreased by 1.19 points (0.27%) to 443.43 points, UPCoM-Index decreased by 0 points. .31 points (0.27%) down to 111.66 points.

Movements of market indexes ended the morning session on November 23. (Source: VNDirect).

The bottom-fishing cash flow was active at the end of the morning session, helping VNMidcap and VNSmallcap recover strongly. From a drop of nearly 40 points, these two indexes have returned to reference. Besides, large-caps also returned to lead the market with the recovery of banking codes.

At the end of the morning session, there were only 3 codes that kept the green color: TPB (up 4.4%), OCB (+2.9%) and VIB (+0.7%). LPB, VBB, VCB stood at the reference price, while most of the rest narrowed their drop after a strong dip.

Securities group rose to become the group with the most positive influence on VN-Index with more than 1.4 points. Many stocks regained the upward momentum after the early correction such as MBS, AGR, BVS, VND, ART, ORS, PSI, VCI, etc. BSI alone also escaped the floor, stopping the morning session down 6.3% 45,450 VND/share.

Green color is also present in many other industries such as steel, real estate, chemicals, oil and gas, retail, electricity.

Regarding liquidity, the trading value on HOSE decreased by 35% compared to the previous session to 15,229 billion dong. In general, the total trading volume reached nearly 676 million shares, equivalent to 18,950 billion dong.

Foreign investors continued to play a supporting role as they bought a net 145 billion dong on HOSE this morning. In which, the stocks that were bought the most were FUESSVFL (53.6 billion dong), TCH (29.5 billion dong), VHM (27.2 billion dong), VRE (21 billion dong).

As of 10:40 a.m., the VN-Index was down 8.47 points (0.59 percent) at 1,438.78 points, and the VN30-Index was down 3.11 points (0.21 percent) at 1,513.93.

The selling force from small and medium-cap groups continued to increase, causing VN-Index to drop more than 8 points. Besides, large-cap groups, typically banking codes, dropped sharply, causing the market to sink into the red.

As of 9:45 a.m., the VN-Index was down 1.81 points (0.13 percent) at 1,445.44, the HNX-Index was down 1.82 points (0.41 percent) at 442.8 points, and the UPCoM-Index was down 0.44 points (0.39 percent) at 111.52.

The stock market opened quite positively with green color from large-caps continuing to be the leading factor of the market.

After two strong gaining sessions, the banking group is showing signs of slowing down and strongly diverging. Gainers included VBB (+2.9%), TPB (1.5%), OCB (0.9%), EIB (0.7%), SSB (0.7%),… while the red color of EVF, NAB, PGB, SGB, NVB, HDB, and a series of large-cap codes like CTG, SHB, BID, STB, TCB, ACB, … are making the index’s uptrend difficult.

Meanwhile, the oil and gas group showed signs of recovery after stocks hit support points. In which, leading the increase was PVC with 8.4%, followed by PVS with 2%, PVO and GAS with 1.9%.

In the international market, US stocks on November 22nd, showed clear divergent trends after President Joe Biden nominated Mr. Jerome Powell to continue as Fed Chairman. Bond yields and bank stock prices rose at the same time, while technology stocks fell.

The Dow Jones Industrial Average rose 17 points to close at 35,619. During the session, this index sometimes increased to more than 300 points.

The S&P 500 and Nasdaq Composite also peaked during the session but closed in the red by 0.32% and 1.26%, respectively.

Source: vietnambiz.vn – Translated by fintel.vn