The VN-Index spent most of today's trading session in negative territory. In the morning, the index remained above its reference for a few minutes before being pulled down. At one point, stocks fell below 1.820 points.
In the afternoon, the market gradually improved. From approximately 1:30 p.m., buying demand for some blue-chip stocks pushed the HoSE index higher, attempting to test the 1.840-point resistance level but without success. However, after 2 p.m., strong selling pressure emerged across large-cap stocks, causing the market to decline again.
A late-session rebound helped the VN-Index close above 1.832 points, up 0,56 points from yesterday. This marks the seventh consecutive session of gains for the market, its longest winning streak this year. Over the past seven sessions, stocks have accumulated more than 105 points.
However, market breadth today leaned towards declines. On the HoSE, 159 stocks fell, outnumbering 137 gainers. The stock market was negatively impacted by sectors such as: chemical, healthcare, tourism-entertainment, and real estate, while receiving support from technology, telecommunications, banking, resources, and oil and gas stocks.
On an individual stock basis, the VN-Index faced significant downward pressure from VHM, TCB, and GVR. Conversely, bank stocks such as SSB, STB, and VPB provided support for the overall index.
During the volatile session, HoSE liquidity improved by nearly 9% to approximately 17.400 billion VND. However, this remains a relatively low level, indicating that selling pressure has not intensified.
Foreign investors continued to net buy approximately 335 billion VND. Foreign capital flowed into FPT, TCB, and VPB. Meanwhile, VIC was the only stock to be net sold for over one hundred billion VND.
Today was the last trading session of the month. The VN-Index increased by more than 96 points in august, equivalent to 5,55%. The market will enter the National Day holiday and will reopen on thursday, 3/9.
In its pre-market report this morning, Beta Securities (BSI) stated that in the final trading session of the week, which was also the last before the holiday, cautious sentiment might increase as investors tend to limit expanding positions and prioritize risk management. According to BSI, maintaining a reasonable portfolio allocation and favoring fundamentally strong stocks will help investors be more proactive amid unpredictable market fluctuations.
Tat Dat
