The stock market opened positively but immediately experienced fluctuations within the first hour of trading. During the ATO session, the HoSE index once again tested the 1,690-point mark but failed to break through. Selling pressure mounted soon after, gradually pushing the market into the red, though the decline wasn't significant. Instead of hovering below the reference price like yesterday, the VN-Index quickly recovered and continued to test the 1,690-point mark, but again fell short before the lunch break.
In the early afternoon, the general index rose by about 14 points. However, this level didn't hold as selling pressure remained present. Despite a slight dip below the reference price during the ATC session, the market managed to recover. The VN-Index closed above 1,682 points, gaining just over 1 point.
The market continues to show a low level of consensus. The number of gaining stocks was around 172, not much different from the 149 declining stocks. However, today the HoSE recorded 14 stocks hitting the ceiling price, some of which achieved high liquidity.
On the upside, the market was mainly supported by VPB. Meanwhile, the stocks negatively impacting the general index were VIC, FPT, and VCB.
By sector, securities were the most prominent group today. VND and ORS reached their ceiling prices, with VNDirect alone recording liquidity of over 1,990 billion VND - the 6th largest in the market. Other small and medium-sized stocks also hit their ceiling prices: AGR, DSE, PSI, TCI, TVB, and WSS.
In addition, other stocks in this sector such as SHS, VCI, HCM, MSN, CTS, and VDS also performed well.
After a previous session of low liquidity, cash flow returned today. The total trading value reached nearly 45,000 billion VND, approximately 10,500 billion higher than the previous session.
Market sentiment remained subdued today as foreign investors net sold about 3,617 billion VND, the third consecutive session of net selling. MBB, HPG, FPT, SSI, VIX, and VPB all saw net selling from over 300 billion to over 400 billion VND. They also sold heavily in VHM, STB, SHB, and DXG. Conversely, GMD continued to be the only stock that foreign investors net bought over 100 billion VND.
 |
Investors are monitoring the market at a securities company in TP HCM. Photo: An Khuong |
Investors are monitoring the market at a securities company in TP HCM. Photo: An Khuong
This week, the stock market recorded continuous gains in the last four sessions, while the beginning of the week saw a significant correction. The VN-Index continued to rise for the 4th consecutive week, gaining nearly 37 points. Liquidity remained relatively high, although some sessions started to see cash flow remaining on the sidelines. The driving force behind this week's price increase rotated among different sectors instead of concentrating on a few fixed groups.
Overall, in August, the VN-Index increased by nearly 180 points, equivalent to about 12%. The market will enter the National Day holiday and reopen on 3/9.
Tat Dat
