Stock market news on February 23: SHB increased liquidity - 31 million shares were transferred

01:04 | 24/02/2021

Theo dõi Kinh tế Xây Dựng trên
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In the absence of positive supporting news for the market, technically the market has signaled a correction after the previous trading session was not so positive. However, the cash flow was still quite strong and supported the market in February 23 session, helping VN Index to overcome the shake and keep the slight green color when closing the session.
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Progress of the session

The morning session on February 23 opened with a high caution between buyers and sellers, making the market less active. There was a strong differentiation on the electronic board, making the market unable to break out. Large stocks with many gainers / losers mixed with multiple gainers and gainers included TCB + 3.4%, STB + 2.3%, MBB + 2.1%, GAS + 1.7%, STB + 1.6 % ... in addition, some stocks still kept the green color such as VRE, CTG, TPB, HDB, VJC, VPB ... others lost points but the drop was not too large like PNJ - 1.3%, MSN - 1.8%, BVH - 0.6%, HPG - 0.6%…. market codes with not positive trading such as HQC, FLC, ROS, LPB, ITA, GEX, VND, FIT….

On HNX, right at the opening of the session, the index dropped strongly to below reference, then recovered gradually when the morning session ended. Stocks with good gain include PVS + 5.1%, CEO + 3.7%, NVB + 1.5%, MBG + 7.2%, PLC + 2.6% ... some other big codes also traded. in light green color including SHB, TNG, PVC, PVB, BVS, IDJ… on the other side THD - 5.6%, SHB, KLF, ART, HUT… stopped at the reference level.

Pausing the morning session on February 23, the VN Index dropped 0.33 points to 1,174.71 points, the HNX Index dropped 2.96 points to 235.01 points. Liquidity on 2 exchanges reached over 1,300 billion VND.

Stock market news on February 23: SHB increased liquidity - 31 million shares were transferred
Illustrative photo / https://kinhtexaydung.petrotimes.vn

After a slight drop in the morning, the market entered the afternoon session with cautious investors, many shaking occurred and the index mainly traded around reference. However, after about 60 minutes of trading, the demand increased strongly so VN Index increased by more than 8 points. The upturn momentum will be maintained until the end of the session, but after about 20 minutes, the selling force suddenly increased so the index quickly dropped below the reference level and fortunately had a bounce back in ATC.

Large stocks in VN 30 basket continued to have strong differentiation with 14 gainers, 15 losers and 1 stop at reference. Accordingly, PNJ - 1.9%, FPT - 1.7%, MSN - 1.7%, SAB - 2.1% ... put a lot of pressure on the score. On the other side, the pair of banking lines that gained strongly and was the fulcrum for the market were TCB + 3.1% and MBB + 2.6% with the liquidity of 2 stocks up to 59 million shares. Market stocks had a more positive trade with many codes turning purple like AMD, HAI, VIX, VOS, LSS, TNH ... on the contrary, some stocks still traded in red like FLC, ROS, HQC, HAG. , ITA, HBC, KBC, DLG, LCG, FIT ...

On the HNX, the transaction was more positive in the afternoon session, the index continued to pull above reference and gained strongly at the end. Most of the large caps increased like SHB + 3.8%, PVS + 4.2%, NVB + 7.4%, CEO + 3.7%, MBS + 4.6%, BVS + 2.9% , LAS + 8.4% ... on the opposite side, there were THD - 3.5%, IDC - 2% ... Market stocks also traded more positively with many codes turning purple like TIG, MBG, ACM, CVN, BNA , SPI, HHP, NDP… The remarkable point was that SHB's liquidity soared in the afternoon session with 31 million shares transferred, followed by PVS with 15.5 million shares traded.

Closing the session on February 23, the VN Index increased slightly by 2.6 points to 1,177.64 points, the HNX Index increased by 0.81 points to 238.78 points. Liquidity on the 2 bourses continued to remain at a relatively high level with over 17,000 billion VND traded.

Comment on the 24/2 session

Liquidity on 23/2 continued to remain high with a total trading value of over 17,000 billion dong on both exchanges. VN Index increased 2.6 points and HNX Index slightly increased 0.81 points, helping the market maintain the gaining momentum for the second consecutive session. However, the market is still trading in a sensitive area before the challenge level of 1,200 points plus the lack of positive supportive information for the market. Therefore, on February 24th, it is assumed that the market will still trade "sideways" and investors are still recommended to consider taking profits partly to increase the cash rate and wait for the disbursement opportunities are better when the market has a short-term correction

Hoai Nam

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