The stock market had its second consecutive day of gains. The VN-Index remained in the green throughout the day, reaching a high of over 1,494 points, nearly 19 points above the reference point. There were moments of slight fluctuation as selling pressure suddenly increased for some stocks. However, the market remained above 1,480 points, a short-term resistance level that it had unsuccessfully tested for the previous three sessions.
Overall, the VN-Index closed above 1,490 points, accumulating over 14.5 points compared to the previous session. Market breadth showed that the upside dominated with 209 gainers, including 12 stocks hitting the ceiling. There were 115 declining stocks, mostly small and mid-cap.
Today, real estate stocks surged. After Novaland's NVL hit the ceiling just 40 minutes after the opening bell, CEO, DIG, and VHM also reached their limits with high trading volume. DIG and CEO reached a trading value of over 1 trillion VND.
The real estate sector was predominantly green. Many stocks such as VIC, DXG, CII, PDR, HDG, VRE, and NLG increased by 3-4%. This performance led the market in both returns and liquidity. Vinhomes and Vingroup were the top two contributors to the VN-Index's rise.
Along with the index, liquidity on the HoSE also increased. Total trading value today reached nearly 35,700 billion VND, an improvement of 2,800 billion VND compared to the previous session. This indicates positive consensus in the market, especially during the morning session when active buying dominated.
However, after 11 sessions of net buying, foreign investors returned to net selling today, at approximately 156 billion VND. Foreign buying and selling were relatively balanced throughout the session. VCB led the list of most heavily sold stocks with nearly 214 billion VND. Meanwhile, foreign investors continued to buy over 100 billion VND worth of HPG and NVL.
Following today's session, Vietcombank Securities (VCBS) noted the positive derivatives expiry session as the market moved closer to its all-time high, with strong domestic cash flow exceeding foreign investment. Various sectors are rotating in their gains, maintaining market momentum.
However, VCBS also cautioned that with the general index rising, intraday fluctuations due to profit-taking are inevitable. The analysts advised investors to closely monitor market developments, avoid chasing stocks in strong uptrends, and consider investing in sectors newly attracting capital flows.
Tat Dat
