VN-Index had a strong recovery session with the White Closing Marubozu pattern after retesting the medium-term uptrend line.
With 33.19 points increasing, VN-Index is currently still holding above the 50-day SMA. However, a minus point is that the trading volume dropped sharply on both HOSE and HNX. In order to maintain the upward momentum, the trading volume needs to improve in the near future.
I. STOCK MARKET ANALYSIS BASIS DATE 07/12/2021
The market indexes traded strongly in the session on December 7, 2021. Specifically, the VN-Index increased by 2.35% to 1,446.77 points; HNX-Index increased 2.42% to 446.41 points.
- Matching volume on HOSE reached nearly 692 million units, down 27.33% compared to the previous session. The matched volume on the HNX decreased by 24.25%, reaching nearly 139 million units.
- Foreign investors were net buyers on HOSE with a value of nearly 303 billion dong, net buyers on HNX with nearly 15 billion dong.
After the previous red session, VN-Index entered the excitement and increased by more than 10 points in the first minutes of the session. The positive thing is that the green color spread to most of the industry groups on the stock exchange. In the middle of the morning session,
VN-Index adjusted slightly and shortened some gains, however, the above movement did not last too long. Towards the end of the morning session, VN-Index accelerated to gain more than 18 points. Market breadth was skewed in favor of buyers, with advancers outnumbering losers.
After the lunch break, VN-Index not only did not turn down, but also continuously extended the upward momentum to more than 15 points. Ending the trading session on December 7, 2021, VN-Index increased by 33.19 points to reach 1,446.77 points.
VN30-Index is not different from the uptrend of the market, with an increase at the end of the session at 2.14%. All 30/30 stocks in the VN30 basket ended the session higher than the reference level, including VRE (HM: VRE) and POW (HM: POW) gaining in full range.
Following behind are GAS (HM:GAS), KDH (HM:KDH), HPG (HM:HPG), BID (HM:BID) and STB (HM:STB), all increased strongly around 4-5%. In addition, FPT (HM:FPT), NVL (HM:NVL) or PDR (HM:PDR) also had very positive developments, with an average increase of nearly 2%.
In terms of influence, VCB (HM:VCB), GAS, HPG and VHM (HM: VHM) are the most positively impacted, contributing more than 9 points in total to the market index. In addition, the decrease of IDIs or TSCs is not much compared to the increase of the market.
Apart from the case of the accommodation, catering and entertainment services, all other sectors ended in positive green. The strongest gainer in the market in the session of December 7, 2021 was the mining sector, when it increased by nearly 5%.
The uptrend of this group was greatly contributed by the recovery of world oil prices. The duo PVD (HM: PVD) and PVC (HN: PVC) turned on and increased in amplitude. Other oil and gas related stocks like PVS (HN:PVS) or PVB also increased at 6.15% and 4.32% respectively.
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