The VN-Index chart maintained its positive momentum throughout the trading day. Specifically, the stock market started quite strongly, surpassing 1,695 points within the first hour of trading, nearly 15 points higher than the reference level. However, this proved to be a difficult resistance level to conquer, and the market quickly adjusted as selling pressure gradually increased. The stock market traded sideways around the 1,685-point range until the midday break.
In the early afternoon, the HoSE index initially showed a more negative trend but later improved. From 2 PM, the stock market underwent further adjustments. The VN-Index closed above 1,684 points, up nearly 4 points compared to the previous session.
After 10 AM, the market consistently displayed a "green on the surface, red underneath" phenomenon, where the number of declining stocks exceeded those that gained. By the end of the session, the HoSE recorded 171 stocks in the red, while only 137 managed to hold onto gains.
VIC, Vingroup's stock, emerged as the primary support for the market. This stock rose by 1.2% to 248,000 dong. Its trading volume reached nearly 584 ty dong, ranking 5th across the entire market.
In addition to Vingroup stock, the overall index also received support from codes such as GEE, VPL, MBS, and GAS. Among these, GEE of Gelex Power and MSB of Maritime Bank both reached their daily trading limits.
Conversely, VJC of Vietjet Air was the stock that most significantly impacted the overall index negatively. This code closed down 2.8% at 202,000 dong, although it had briefly hit its floor price of 193,300 dong during the trading session. VJC's trading volume was the second highest in the market, exceeding 962 ty dong. The airline's stock adjusted following a period of strong gains.
Total trading volume on the HoSE today reached over 21,200 ty dong, a decrease of more than 3,600 ty dong. This marks the second consecutive session of declining liquidity.
Foreign investors returned to net selling, though the value was modest at approximately 11 ty dong. VJC was the most heavily net sold stock, recording nearly 302 ty dong. In contrast, POW attracted foreign capital, with net purchases exceeding 323 ty dong.
Vietcombank Securities (VCBS) suggests that the market is experiencing short-term profit-taking pressure as the index approaches the resistance zone of 1,690-1,700 points. Capital flows are consequently cautious, with trading volume lower than the 20-session average.
This analysis group advises investors to maintain positions in stocks that are in an uptrend or trading sideways to consolidate support levels. Simultaneously, they recommend reviewing portfolios, restructuring weaker stocks, and reducing account proportion to a safe level below 60% to mitigate short-term volatility risks.
Tat Dat
