The Ho Chi Minh City Stock Exchange (HOSE) saw over 1.48 billion shares traded today, 20% higher than the previous session. Trading value also increased by about 6,500 billion dong, to over 34,820 billion dong, marking the highest level in three months. The last time the market recorded liquidity above this level was on 3/4, when investors reacted negatively to news about a 46% tax rate proposed by the Donald Trump administration.
The massive inflow of money from the opening to the closing bell helped the VN-Index stay in the green throughout the session. The market experienced some corrections in the afternoon due to profit-taking pressure, but sidelined money immediately entered the market, restoring positive momentum.
The VN-Index closed at 1,431 points, up nearly 16 points from the reference point, extending its upward streak for 4 consecutive sessions. This was also the market's strongest gain in nearly a month.
The VN30 basket continued to be the main driver of today's session with 23 stocks closing above the reference point, while only six declined. With a matched order value of over 18,000 billion dong, this group accounted for more than half of the HOSE's liquidity.
All seven stocks with trillion-dong liquidity belonged to the VN30 basket. SSI led with a trading value of up to 2,040 billion dong. SHB and FPT shared the next two positions with about 1,500 billion dong each, followed by VPB, TCB, HPG, and VCB.
Not only did domestic investors pump money into the market, but foreign investors also actively accumulated stocks. This group disbursed more than 5,470 billion dong, the highest in two months, while selling less than 3,500 billion dong. This development extended their net buying streak to six consecutive sessions with a total injection of over 9,600 billion dong into the market. The focus of foreign investors' disbursement was SHB, SSI, TPB, and VPB.
The HOSE today had 192 gainers and 127 losers. The securities group achieved the most consensus as all stocks increased by more than 1.5% compared to the reference point. ORS of Tien Phong Securities hit the ceiling price of 10,200 dong today with no sellers at the end of the session.
The banking group showed signs of divergence, but overall, the green color still dominated. TPB led the rally, gaining 6.4% to 14,900 dong, followed by VCB, HDB, OCB, and VPB. Conversely, LPB, SHB, and TCB lost 1.1-1.6%, becoming factors hindering the index's growth.
The real estate group was also divided into two parts. The gainers included representatives of the Vingroup "family," namely VIC, VHM, VRE, and mid-cap stocks like KDH, NLG, and DXG. Meanwhile, some small-cap stocks broke their positive streak and closed in the red, such as HPX, DXS, and QCG.
Speaking to VnExpress on the morning of 9/7, Tyler Nguyen Manh Dung, Senior Director of Market Strategy Research at HSC Securities Company, said that the recent rally is a positive sign but contains the risk of profit-taking pressure. Some technical support zones that Dung recommends investors watch carefully are 1,380, 1,350, and 1,340 points.
"These could be strong bottom-fishing buy levels when a correction occurs," Dung said.
Phuong Dong
