Domestic stocks recovered slightly in the session (June 18). However, cash flow continued to be cautious. Small and medium-sized stocks, some with their own stories, were significantly “healthier” than the general market.
Although it could not fully recover in the afternoon session, VN-Index still closed up nearly 5 points. The market traded more positively after the last 2 correction sessions. However, low liquidity and foreign investors extending their net selling streak are still negative points.
The positive movement of VN-Index has not convinced the cash flow, investors have many reasons to be cautious, especially before the derivatives expiry session on June 20. The market leading group lacks pillar stocks and large capitalization.
DGC of Duc Giang Chemicals hit the ceiling with a sudden liquidity of 1,730 billion VND. The market price reached a historical peak of 130,000 VND, becoming the strongest driver for the VN-Index. However, this stock contributed less than 1 point. The 10 most active stocks today brought in less than 4 points, followed by HVN, GVR, POW, PLX, GAS...
The stock of the leading electricity company, POW of PV Power, hit the ceiling. After only 2 months, this stock has increased in price by 40%, reaching the highest level in the past 2 years of 14,850 VND/unit.
Recently, there has been a lot of information supporting POW's growth, with the progress of Nhon Trach 3&4 project, or the insurance company's approval to compensate for material loss and business interruption related to the incident at Unit 1 of Vung Ang 1 power plant with a total compensation of about 1,000 billion VND.
Some electricity industry codes are flooded with green, such as BCG, LCG, ASM, GEG, REE...
On the other hand, large-cap stocks in the banking group or key technology stocks lost their leading role. CTG, VPB, MSB… decreased in price. FPT also adjusted in the context of foreign investors not ending their net selling streak.
At the end of the trading session, VN-Index increased by 4.73 points (0.37%) to 1,279.5 points. HNX-Index increased by 1.27 points (0.52%) to 244.43 points. UPCoM-Index increased by 0.22 points (0.22%) to 98.31 points.
Liquidity continued to decline with HoSE matching value of less than 17,500 billion VND. Foreign investors net sold 537 billion VND, continuing to focus on FPT. VPB, DGC, VNM... followed in turn.
Source: CafeF
