After the decline on July 21, investors have predicted that after failing the psychological threshold of 1,500 points, profit-taking pressure will increase, and the possibility of the VN-Index needing to return to a state of accumulation to consolidate the increase again. However, in the trading session on July 22, cash flow suddenly returned and flowed strongly into the stock market.
With optimistic expectations about market trends, investors do not hesitate to push buying orders above the reference price. Thanks to that, the index was pulled green for most of the trading period. Notably, strong demand really took off in the final minutes of the afternoon session, pulling most of the major stocks up.
The increase in large stocks helped the VN Index soar by more than 20 points and easily surpass the 1,500-point mark. Specifically, this index closed up approximately 24.5 points (equivalent to 1.65%) to 1,509.5 points. Liquidity in today's session, although decreasing, remained high with 1.28 billion shares matched, equivalent to a trading value of VND 33,732 billion.
On the HNX floor, the HNX-Index, after slight fluctuations around the reference, also increased at the end of the day, closing at the highest level of the session. Real estate stocks recovered strongly with the overall increase of the whole group of 3.2%. In particular, the big names contributing the main and high driving force for the VN-Index are the Vingroup group with VIC when +4.9% to VND 117,500 and VHM +3.9% to VND 95,500, while VRE +3.5% to VND 30,000.
The most impressive thing about today's session is the VJC code when it maintained the ceiling increase momentum for most of the time and re-established the 100,000 VND mark. However, this aviation stock code recorded a record from foreign transactions. Specifically, VJC was net sold by a foreign investor for nearly VND 1,860 billion. The sudden net selling of VJC was also the reason why foreign investors had a net selling session of VND1,756 billion on the HoSE. Experts say that the market with strong momentum is likely to continue to break out to conquer new peaks. It is not ruled out that the VN-Index will reach the 1,600-point threshold, with the explosion of blue-chips. However, the fluctuations may be stronger and investors need to be cautious with new buying positions.
