Today's stock market performance defied the cautious forecasts of most analysts. The Ho Chi Minh City (HCMC) stock exchange's benchmark index remained in positive territory throughout the session, widening its gains towards the close. This 20-point increase allowed the index to break free from a nearly one-month period of stagnation.
The Ho Chi Minh City exchange saw widespread gains, with over 240 stocks rising, including eight that hit their ceiling prices. Large-cap stocks also performed strongly, with 24 issues gaining, nearly five times the number of declining ones.
The Vingroup cluster showed significant divergence after a period of synchronized gains. Vinpearl (VPL) shares surged to their ceiling price of 87,200 VND, while VIC and VRE posted gains of 0.8% and 1.3%, respectively. Conversely, VHM faced continuous selling pressure, trading below its reference price for most of the session and closing down 0.5%.
The securities sector recorded an impressive recovery. Most constituent stocks rose 2-4%, with VIX hitting its ceiling price of 24,500 VND early and having over 9 million shares remaining unsold at closing.
Positive sentiment also spread across the real estate sector. Beyond Vingroup-related issues, small-cap real estate stocks such as CII, DXG, PDR, AGG, and DIG all climbed more than 3.5%. Mid-cap stocks like NLG, KDH, and NVL saw more modest gains, fluctuating between 1-3%.
The banking sector experienced strong differentiation. EIB rose with market momentum, gaining 5.5% against its reference price. VPB, TPB, MBB, SHB, and CTG followed with gains of 1-3% each. Conversely, VCB and STB closed in the red, though their declines were marginal.
Market enthusiasm was curbed by VJC. After a rapid surge, Vietjet Air's shares reversed course, falling over 5% and breaking below the 208,000 VND mark.
In addition to the rising index, foreign investor trading provided a positive signal. This group ended a three-session net selling streak, disbursing a total of 3.4 trillion VND while selling less than 2.8 trillion VND. The most attractive stocks for foreign capital were primarily in the banking sector: SHB, VPB, and MBB.
The biggest drawback of the session was the matched order value, which decreased by 2 trillion VND from the previous session to nearly 25 trillion VND. Five stocks on the market saw transactions exceeding one trillion VND: VIX, SHB, GEX, SSI, and VIC.
Analysts at MB Securities Company stated that if the index continues to close above the 1,670-point mark for the remaining two sessions of the week, the VN-Index is highly likely to soon surpass 1,700 points. They advised investors to consider increasing their portfolio's stock allocation to 70%. Sectors that recently experienced significant declines, such as securities, banking, and real estate, are expected to recover quickly.
Phuong Dong
