The stock market's rally extended into its 4th consecutive session. This morning, the market fluctuated, with the VN-Index alternating between gains and losses as buyers and sellers grappled for control. However, the fluctuations were not excessive, as trading volume remained relatively low.
After 1:30 p.m., the market saw a more substantial increase, successfully testing the short-term resistance level of 1,380 points. Trading volume surged towards the end of the session, with buying pressure dominating.
The VN-Index closed nearly 7 points higher than the reference point, reaching nearly 1,385 points. This marks a new peak for the market this year and the highest level since the end of 4/2022.
On the HoSE, 204 stocks advanced, nearly double the 109 declining stocks. Among them, 12 stocks hit their ceiling prices, with several representatives boasting trading volumes in the hundreds of billions of Vietnamese dong. Today's positive performance was largely driven by demand for mid-cap stocks, while conversely, some blue-chip stocks corrected after carrying the market in the previous session.
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Investors monitor stock movements in the securities sector during the trading session on 2/7. Photo: Tat Dat. (Tat Dat) |
Investors monitor stock movements in the securities sector during the trading session on 2/7. Photo: Tat Dat. (Tat Dat)
Securities stocks, a sector highly sensitive to market prospects, showed remarkable performance today. The trading board was almost entirely green, with VIX, HCM, FTS, and CTS all hitting their ceiling prices. VIX alone recorded a trading volume of nearly 1,617 billion VND, the highest in the market.
Other important stocks in the sector, such as SSI and VND, also gained over 4%. BSI, SHS, VCI, MBS, and EVF also closed higher than the reference point, around 3-5%.
In the 4th consecutive rising session, trading volume on the HoSE also accumulated over 1,400 billion VND. Total trading value today reached over 22,400 billion VND.
Positive sentiment also spread to foreign investors, who returned to net buying of around 886 billion VND. Today, foreign investors focused on GMD, GEX, VIX, and SSI.
In its previous end-of-session report, Saigon-Hanoi Securities (SHS) assessed that the market has recovered and risen sharply since the US postponed retaliatory tariffs. In the short term, investors will be looking forward to new tariff levels after trade negotiations and the projected second-quarter business results.
The analysis team believes that the current price range is not attractive for investment and that accurate data is needed to evaluate businesses and macroeconomic factors. According to SHS, individual opportunities in the market remain, but careful evaluation is necessary.
Tat Dat
