Stock market news on February 22: VN Index was fortunate to keep the light green

01:04 | 23/02/2021

|
The session on February 22 took place with many shakes. There were times when the VN Index gained more than 9 points in the morning, but the selling pressure increased gradually so the index narrowed the gain and mainly traded around the reference level. At the beginning of the afternoon session, the market suddenly dropped quite strongly so the index dropped to below the reference level. However, before the end of the session, the index was fortunate enough to get light green thanks to a number of brilliant blue-chips.
Stock market news on February 19: The market corrected slightly after 3 consecutive gaining sessionsStock market news on February 19: The market corrected slightly after 3 consecutive gaining sessions
The stock market was steady before the 3rd Covid waveThe stock market was steady before the 3rd Covid wave

Progress of the session

At the beginning of the morning session, the green ink slightly overwhelmed the electronic board and pulled the VN Index above the reference level, at a time, the VN Index increased by 9 points. The highlight at the beginning of the session was the differentiation of pillar stocks, while stocks such as CTG, HPG, HVN, KDC, TPB, and VHM were traded quite actively, stocks like GAS, MSN, VJC, VCB, VPB, PNJ… turned back to decrease. Bank stocks traded positively, helping the index with most of the green tickers like BID, CTG, VCB, TCB, HDB, STB, VPB ...

The bright spot of the session came from the real estate group, in which VHM was the main driving force to pull the VN Index up. Many small codes in this group also had positive trade such as HQC, FLC, SCR, QCG ... Besides, securities group also prospered with some gainers such as CTS, HCM, VND, APG, BSI ...

On Hanoi SE, like HOSE, there were many shaking occurred and the index corrected below reference level. However, at the end of the plate, the index recovered and regained the gaining momentum.

Stock market news on February 22: VN Index was fortunate to keep the light green
Illustrative photo / https://kinhtexaydung.petrotimes.vn

Some large-cap stocks prospered to help the market recover such as VIF + 3.9%, SHS + 1.2%, some stocks with slight gains such as VCS, PVS, NVB, THD, PVI ... shifted and ended the morning session at the reference level.

Pausing the morning session, the VN Index increased 6.51 points to 1,180.01 point, with 261 advancers and 166 decliners, total trading volume reached more than 370.6 million units, equivalent to more than 9 trillion. copper. HNX Index increased 0.64 points to 231.82 points, with 88 gainers and 72 losers, total trading volume reached over 53.8 million units, equivalent to more than 941.2 billion.

After about 60 minutes of opening the afternoon session, the market suddenly dropped strongly so the index dropped to below 1,170 points. It is likely that the negative information about the case of community covid infection in Hai Phong has affected investors' psychology.

Many banking codes were no longer positive in the morning session with many declined stocks such as BID, TCB, STB, VCB ... only TPB, VPB, HDB kept the green color. Besides, a number of large stocks also ended in the red, placing great pressure on the score like VNM, VRE, HPG, MSN, BVH…. on the other side, VHM + 2.6%, VIC + 0.4%, BCM + 0.5%, PLX + 1.8%….

On the HNX, the index mainly traded around the reference level almost during the afternoon session. At the end of the session, the cash flow was suddenly poured into the market so the index gained strongly at the end.

Some large codes maintained the strong gain which was the driving force for the index to recover like THD + 9.8%, VIF + 3.9%, PVS + 2.8%, VCS + 1.1% ... Ancient couple Bank notes SHB and NVB both reversed and declined, of which SHB remained the market leader in liquidity with 16.46 million shares transferred.

At the end of the session on February 22, VN Index increased 1.54 points to 1,175.04 points, with 199 gainers and 231 losers, total trading volume reached more than 630 million units, equivalent to nearly 15.3 trillion. HNX Index increased 6.79 points to 237.97 points, with 102 gainers and 88 losers, total trading volume reached over 106 million units, approximately 1.8 trillion dong.

Comments on February 23 trading session

VN Index mainly happened that contraction in the session on 22/2 and luckily kept the slight green at the end of the session. Although the uptrend of the market is still considered positive, the index is still facing strong resistance of the resistance zone 1.180-1200 with the risk of short-term correction somewhat increasing. Technically, today's session signals continue to show that the market's upturn is weakening and the index might continue to be under clearer pressure in the February 23 session. Investors who are holding stocks can consider selling to take profits partly when the market continues to rise and reopen their buying position when the market corrects.

Hoai Nam

https://kinhtexaydung.petrotimes.vn