The trading session on July 17 recorded an explosion in the stock market when real estate stocks increased sharply, becoming the focus of the index. The return of large cash flow, especially in large-cap stocks in the real estate industry, has caused the VN-Index to surpass the 1,490 point mark - the highest price range in more than a year.
At the end of the session, the VN-Index increased by 14.54 points to 1,490.01 points. The HNX-Index increased by 3.74 points to 246.09 points, the UPCoM-Index increased by 1.18 points to 104.26 points. Liquidity in the whole market reached more than VND42,400 billion, of which HoSE alone recorded nearly VND35,600 billion - the highest level since the beginning of the second quarter. The strong increase in liquidity shows that cash flow is clearly concentrated in real estate stocks.
Many stocks in the industry have increased the ceiling or are close to the ceiling with overwhelming liquidity. Vinhomes (VHM) increased the ceiling to VND47,600/share, matching the order of VND8.8 million units. Vincom Retail (VRE) increased by 3.3% to VND 27,800, with equivalent liquidity. Novaland (NVL) recorded a ceiling increase to VND 16,400/share, matching orders of up to 54.8 million units - leading in liquidity on HoSE. DIG shares also increased their spread to VND 20,300, trading with 51.7 million shares. A series of small and medium-sized real estate codes such as LDG, TCH, CEO, IDJ, SCR... also increased sharply, many codes maintained a ceiling buy status until the end of the session.
Notably, VIC shares - the leading stock in the real estate group, increased by 3.9% to VND122,000/share, with 6.6 million units matched. Compared to the end of March, VIC shares have increased by more than 70% and are currently only about 5% away from the historical peak of VND 128,000 set in April 2021. VIC's market capitalization has now exceeded VND 466,000 billion, continuing to be one of the stocks with the greatest influence on the VN-Index.
According to the assessment of securities companies, the increase of the real estate group this time not only has speculative factors but also reflects real expectations for the improvement of the policy environment and capital flow. New legal regulations on land and housing projects are being gradually resolved, while interest rates remain low, creating conditions for real estate businesses to open liquidity. Market sentiment has also become more positive when foreign investors return to net buy in many real estate stocks with good fundamentals.
If this positive trend is maintained, real estate stocks can continue to play a leading role in the market in the short term, especially in the context of investment cash flow returning after a long period of caution. VN-Index is therefore expected to be able to re-evaluate the 1,500-point zone in July.
