The market recovered this morning (November 6), VN-Index easily regained the 1,250 point threshold. However, liquidity is still very low, cash flow is cautious.
VN-Index temporarily closed the morning session up 8.93 points, equivalent to 0.72%, to 1,254.69 points. HNX-Index increased 1.66 points, equivalent to 0.74%; UPCoM-Index increased 0.27 points, equivalent to 0.3%.
The liquidity of the entire HoSE floor this morning only reached 216.13 million shares, equivalent to VND5,579.25 billion. This figure on the HNX was 17.53 million units, equivalent to VND445.73 billion, and on the UPCoM market was 12.65 million shares, equivalent to VND191.4 billion.
Statistics show that there are still 801 codes with no transactions until the end of the morning. Market breadth is tilted towards the increasing codes. There are 465 codes increasing in price, 15 codes hitting the ceiling compared to 196 codes decreasing, 7 codes hitting the floor.
KBC attracted attention this morning when it increased sharply in price with the highest liquidity in the market. KBC’s matching orders reached 12.4 million shares, the only code with matching orders above 10 million units. This code increased 5.7% to 28,550 VND.
KBC’s liquidity this morning far exceeded the average level over the past month of 3.7 million units per session.
The sharp increase in price and liquidity at KBC came after Shunsin Vietnam Technology Co., Ltd. – a member of Foxconn – reported to the Ministry of Planning and Investment about its plan to disburse up to 80 million USD to invest in a chip factory project in Bac Giang.
If approved by the authorities, this factory will be built in Quang Chau Industrial Park (Bac Giang) with an area of 44,343.8 m2, on land leased from Saigon – Bac Giang Industrial Park Joint Stock Company, a subsidiary of Kinh Bac Urban Development Corporation.
Previously, in early October, Hung Yen Hotel Services Joint Stock Company, a subsidiary of Kinh Bac Urban Development Corporation, also announced a strategic cooperation with the Trump Group.
The official announcement of the enterprise also said that the People’s Committee of Hung Yen province signed a Memorandum of Understanding with the consortium of investors selected by the Trump Organization, including Hung Yen Development Group and two US investment funds, IDG and Horitus, to build a complex of two 54-hole golf courses along with high-end resorts and hotels with a total investment of about 1.5 billion USD.
Hung Yen Development Group is a subsidiary of Kinh Bac Urban Development Corporation, a company chaired by Mr. Dang Thanh Tam. As of June 30, Kinh Bac Urban Area holds 95% of the voting shares of Hung Yen Development Group.
In addition to KBC, many other real estate codes also increased sharply in this morning’s session. SZC, SIP, LDG, VSI had a time when they hit the ceiling before decreasing their height. SZC increased by 6.1%; SIP increased by 5.8%; LDG increased by 4.9%; TIP increased by 4.6%; LHG increased by 4.1%; VSI increased by 4%.
After adjusting yesterday, Quoc Cuong Gia Lai’s QCG shares regained their upward momentum, increasing 3.1% to VND13,200. Other stocks in the same industry such as D2D increased 3%; IJC increased 2.7%; PTL increased 2.2%; BCM increased 2.1%.
Construction and materials stocks also improved. DXV hit the ceiling, VGC increased by 4.5%; NAV increased by 3.9%; CRC increased by 3.1%.
Most bank stocks increased in price, however, the increase was not really drastic. TCB increased the most, with an amplitude of 1.7%; MSB increased by 1.3%, the rest increased by less than 1%.
Source: Vietnam Insider