The stock market had another week of gains, although the score was almost insignificant, the positive point was improved liquidity. Although the cash flow has not yet found the blue chip group, there is rapid circulation and especially mineral codes continue to fly high.
At the end of the trading week, the VN-Index increased slightly from 1,275 points to over 1,276 points. The positive point is that liquidity continues to improve, although trading volume on the HOSE floor increased by only 4.8% compared to last week, it was the 4th consecutive week of increase.
On the HOSE, cash flow continues to favor small and medium-sized stocks, in which notable stocks are in the FCM and BMC mineral industries.
On the HNX floor, the leading stock was a BKC mineral industry stock and for the second consecutive week this stock led the increase on the floor. Similarly, there are two other codes in the same industry, HGM, KSV.
In the trading session on February 14, a series of stocks in the mineral industry group all showed purple, for example, KSV increased by 10% to VND 282,000/share, BKC increased by 10% to VND 52,900/share, MSR increased by nearly 15% to VND 19,700/share...
Most notably, in this price increase, HGM shares of Ha Giang Mechanical and Mineral Joint Stock Company are. Before the trading session on February 14, investors witnessed 9 consecutive sessions of increase in HGM shares, including 3 sessions of increase, helping the market price of this stock increase by more than 150,000 VND/share from 200,000 VND/share to 358,400 VND/share.
This is a record high in the history of listedings in just nearly half a month. HGM's volume of matched orders per session is only a few tens of thousands of units but has also improved somewhat compared to the previous period.
The acceleration has caused HGM prices to increase by more than 75% over the past half month and increase nearly 6 times in the past half year. Market capitalization also quickly accelerated to exceed VND 4,300 billion. With the above price, HGM maintains its position in the top 3 stocks with the highest market price on the stock exchange, only behind VNZ and WCS.
Another stock that also had an impressive increase was the stock of Bac Kan Mineral Company (code: BKC). This stock has had 14 consecutive price increases, including 13 sessions of ceiling increases, the market price increased sharply from 14,400 VND/share to 52,900 VND/share, 3.67 times.
According to analysis from securities companies, mineral stocks are continuously "making waves" in the market with the expectation of benefiting after China announced a limit on exports of key minerals in military and high-tech manufacturing to the US.
China's ban on antimon exports is said to be positive information supporting the price increase of many stocks, including HGM.
Antimone is an important mineral that is "hunted" by Canada, the US, the European Union, the UK and other countries around the world. This important resource is also widely applied in the high-tech field, as a major component in semiconductors, circuit boards, power switches, fluorescent light, high-quality transparent glass and lithium-ion batteries.
With increased demand in key industries, Western countries are now facing fierce competition for antimons.
Currently, China accounts for about 50% of mining activities and 80% of global antimon output. This makes Western countries, especially the US, dependent on supplies from China.
