Stock market November 8: Consensus gained, VN-Index approached to challenge the old peak area

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The stock market at the beginning of the week opened with excitement of investors after VN-Index surpassed the resistance level of 1,450 points. The index is aiming to retest the old historical peak around 1,464 points.

As of 9:50 am, VN-Index increased by 6.78 points (0.47%) to 1,463 points, HNX-Index increased by 2.79 points (0.65%0 to 430.43 points, UPCoM-Index decreased by 0.05 points. (0.05%) to 108.15 points.

The stock market at the beginning of the week opened with excitement of investors after VN-Index surpassed the resistance level of 1,450 points. The index is aiming to retest the old historical peak around 1,464 points.

Real estate is still the biggest pillar of the market when contributing 1.73 points to the VN-Index, while banking stocks have almost taken away the same level. The positive point is that cash flow has spread to industry groups instead of clustering in some specific industries.

Small and medium-cap codes continued to lead the index’s progress while large-cap codes were still struggling strongly around reference. In the VN30 basket, the trade balance was quite balanced with 15 gainers, 14 losers and 1 standstill at reference price.

The most positive contributors to the Index’s gain were GVR, MSN, VCB, VHM, VNM while the plunge of pillars BID, GAS, TCB, SHB, CTG continued to make the market difficult.

Source: vietnambiz.vn – Translated by fintel.vn