Today, the VN-Index traded mostly below its reference level, at one point dropping 35 points and nearing its lowest price range since the start of the month. This trend stemmed from capital withdrawal pressure on real estate stocks, particularly as all four Vingroup-affiliated stocks hit their floor prices at times. Selling pressure eased in the final minutes of the session due to strong capital inflow into oil and gas stocks, helping the index representing the TP HCM exchange gradually narrow its decline. The index closed at 1,898 points, down two points from its reference level.
Among the 10 stocks with the most positive impact on the VN-Index, the oil and gas sector had three representatives: GAS, PLX, and BSR. These stocks commonly reversed from declines to gains, with GAS closing the session at its ceiling price of 81,800 VND. Several smaller-cap stocks on both the TP HCM and Hanoi exchanges, such as POW, PVD, PVC, OIL, also saw strong increases, ranging from 1-9%.
The rally in oil and gas stocks was supported by capital from domestic investors. Today, this group recorded a total liquidity of nearly 3,400 billion VND, accounting for approximately 12% of the total market's matched order value. BSR attracted the most capital with nearly 1,000 billion VND, followed by GAS, PLX, PVT, and PVS.
Commenting on the trend of oil and gas stocks, analysts at Kafi Securities Company believe the sector is entering a new growth phase. Profits for companies in this industry increased sharply in the first quarter of the year, reaching their best level in about four years, driven by high global energy prices. However, stock prices had fallen 30-50% from their early-year peaks. Kafi suggests this development creates good growth potential and could attract more capital in the coming period.
Alongside oil and gas, the fertilizer sector also saw an excited state in today's session. DPM, DCM, and DDV all closed in the green. DGC of Duc Giang Chemicals, despite being under control, also recovered over 3%, rising to nearly 50,000 VND.
Conversely, pillar industry groups faced strong selling pressure. In banking, red dominated with common declines ranging from 0.5-2%. STB led the decline with a 4.3% adjustment, while EIB and OCB lost about 2%.
The real estate sector also experienced intense selling. VRE of Vincom Retail hit its floor price of 33,000 VND, while VHM lost nearly 5%. Stocks of many large developers such as Nam Long, Dat Xanh, TTC Land, Khang Dien, Quoc Cuong Gia Lai also fell over 1%.
The most positive signal in today's session was improved liquidity, rising by nearly 9,000 billion VND to approximately 30,000 billion VND. The market saw three stocks achieve a trading value of trillions of VND, including VHM, VIC, and VIX.
Foreign investors extended their selling streak to the 15th consecutive session, with the highest capital withdrawal in nearly one month. Specifically, this group sold over 4,300 billion VND, while buying less than 2,900 billion VND.
Phuong Dong
