Upon opening, liquidity on the HoSE maintained a level similar to the previous session. However, as the day progressed, stock market cash flow diminished. Throughout the morning, transaction value consistently remained about one billion VND lower than the previous day. This gap widened further in the afternoon, despite the previous session's already low liquidity.
By the end of the session, total transaction value reached just over 15,200 billion VND, a decrease of more than 4,600 billion VND compared to yesterday. This also marked the lowest level in six months, underscoring the cautious sentiment and wait-and-see approach among investors.
Liquidity dried up as the stock market experienced its third consecutive corrective session. The VN-Index remained in the red all day, fluctuating primarily between 1,695 and 1,710 points.
Early in the morning, after a period of volatility during the ATO session, the HoSE index recovered close to its reference level. However, the market quickly adjusted, causing the stock market to lose the critical psychological support level of 1,700 points within the first hour of trading.
Subsequently, the general index recovered above that mark and held it until early afternoon before experiencing further fluctuations. Following a brief rally around 14h, the market corrected again, at one point falling more than 25 points below its reference level. The VN-Index closed near 1,699 points, down about 20 points from yesterday.
On the HoSE, 192 stocks saw declines, notably Petrosetco's (PET) shares hitting the floor and VPBank Securities' (VPX) "newcomer" dropping by 9,1% on its debut. Conversely, 104 stocks gained, with Binh Minh Plastics (BMP) and Quoc Cuong Gia Lai (QCG) reaching their ceiling prices.
"Vin family" stocks continued to negatively impact the market. Vingroup's (VIC) shares fell by 1,9% today, leading in liquidity with nearly 1,133 billion VND. This stock contributed the most to the VN-Index's decline. Vinhome (VHM) followed, dropping by 2,3%, and Vinpearl (VPL) decreased by 5%.
Additionally, the market was pressured by VPB, VJC, VCB, GEE, VNM, TCX, and MBB. Overall, all three leading cash flow groups—real estate, banking, and financial services—saw their sector indices decline.
The stock market was also affected by foreign investors' fifth consecutive net selling session, totaling approximately 489 billion VND. VIC, STB, VHM, and GMD were among the most heavily sold stocks. However, foreign investors still net bought over 240 billion VND in FPT.
Amidst significant market volatility, analytical companies have repeatedly advised prioritizing risk management. Investors should closely monitor developments for timely responses, review their portfolios, and decisively restructure them, especially for positions that have hit stop-loss thresholds. Concurrently, observation aims to identify disbursement opportunities and capitalize on market recovery phases.
Tat Dat
