After four consecutive weeks of decline, the stock market was widely expected to recover. Analysts pointed to capital flowing into attractively valued stocks as the catalyst. Monday's trading session largely confirmed this optimistic outlook.
The VN-Index traded above its reference level for most of the session, closing nearly 8 points higher, just shy of the 1,800-point mark. The VN30 index showed stronger momentum, staying in positive territory all day and ending with an 18-point gain.
This robust recovery was fueled by capital inflows from both domestic and foreign investors targeting blue-chip stocks. Liquidity on the Ho Chi Minh City (TP HCM) exchange surged to nearly 25,400 billion dong, an increase of about 9,000 billion dong from the previous week's close, marking the highest level in a month. Large-cap stocks dominated this liquidity, making up nearly 70% or 17,000 billion dong of the total.
The most significant positive signal came from foreign investors, who disbursed a total of 7,100 billion dong against sales of only about 3,000 billion dong. This resulted in a net buying value exceeding 4,060 billion dong, surpassing the previous record of 3,800 billion dong set in a single trading session late last year.
Foreign capital predominantly targeted Vingroup (VIC) shares via negotiated deals. Investors acquired approximately 4,700 billion dong worth of shares, while divesting less than 300 billion dong. This accumulation occurred despite Vingroup's market price adjusting down by 1,5%, falling below 193,000 dong. The stock was the primary drag on the index, subtracting about 5 points.
Hoa Phat Group (HPG) shares also drew substantial foreign investment, with its price jumping 5% to 24,350 dong. HPG was the top performer among the 10 stocks that helped the index recover towards the psychological 1,800-point level.
Monday's net buying session eased the prolonged capital withdrawal pressure from foreign investors, which had persisted for months. Estimates suggest this group has net sold approximately 75,000 billion dong (equivalent to 2,9 billion USD) since the start of the year.
Sector-wise, banking stocks displayed the most widespread gains on monday. KLB, MSB, EIB, and LPB all rose by 1-3%. Larger-cap banks such as CTG, BID, and VCB either held steady or saw modest increases of less than 1%. ACB was one of the few stocks that bucked the overall market trend.
The securities sector also experienced a surge. TCX and VPX both reached their daily trading limits, while other major stocks like VND, SSI, VCI, and VIX climbed by 3-4%. In aviation, Vietnam Airlines shares hit their ceiling at 22,600 dong, and ACV gained 4,4%.
Conversely, oil and gas stocks faced intense selling pressure following reports that the US and Iran had agreed to end hostilities, reopen the Strait of Hormuz, and proceed with nuclear negotiations. BSR fell by 5,7%, while leading large-cap stocks like PLX and GAS declined by over 3%.
Analysts from MB Securities Company predict a technical market recovery this week, as blue-chip stocks "reclaim lost ground" after a prolonged downturn. Should the market dip to the 1,750-point support level, bottom-fishing activity could be activated, prompting a market rebound.
Despite this, investors are still advised to proactively secure partial profits to maintain portfolio safety. Prioritizing a high cash position remains crucial, allowing for strategic investment when numerous stock groups become attractively valued.
Phuong Dong
