The Ho Chi Minh City Stock Exchange's benchmark index saw strong fluctuations in the morning session, reversing direction three times between gains and losses. However, by the afternoon, the index remained in negative territory due to widespread selling pressure from Vingroup-related stocks. The VN-Index lost nearly 7 points at closing, ending its five-session winning streak. The VN30 index fell by more than one point, breaking its seven-session upward trend.
The market did not maintain its consecutive upward momentum as many securities firms predicted, but the positive short-term outlook remains unchanged. According to analysts at Tien Phong Securities, investors should prioritize holding positions and increasing their portfolio weighting during technical corrections, while avoiding chasing prices as the index approaches the 1,920-point level.
Four Vingroup-affiliated stocks closed below their reference prices today. VIC dropped 3%, to 158,000 VND, leading the list of stocks with the most negative impact on the market by deducting over 8 points from the VN-Index. VHM, VRE, and VPL also fell by over 3%.
By sector, real estate faced the strongest selling pressure. Besides Vingroup-related stocks, shares of other developers such as Nam Long, Ha Do, Phat Dat, and Quoc Cuong Gia Lai all lost over 1% compared to their reference prices. Conversely, gains appeared sporadically among some small-cap stocks like HQC, AGG, and LDG, with increases not exceeding 1%.
Oil and gas stocks, which had supported the market during its recent rally, showed signs of weakening. Leading stocks in the sector, such as GAS, PVD, and PVT, fell by 0,5-1,5%. Meanwhile, BSR of Binh Son Refining and Petrochemical maintained its positive momentum, rising nearly 5% to 29,350 VND, placing it among the most positive contributors to the VN-Index.
The securities sector saw strong divergence today. Most leading capitalization stocks, such as VPX, VIX, TCX, VCI, and VCK, lost over 1% compared to their reference prices. SSI and HCM bucked the trend, but their gains were only 0,2%.
The most positive signal of the day was market liquidity, which rose to nearly 38,150 billion VND, an increase of about 6,000 billion VND compared to the previous session. This also marked the highest level in approximately one and a half months.
However, capital flow was concentrated in FPT and HPG stocks. The leading information technology company saw nearly 48 million shares traded, valued at almost 4,300 billion VND. Hoa Phat saw over 136 million shares change hands, corresponding to nearly 4,000 billion VND. Banking stocks such as SHB, Sacombank, and TPBank ranked next in liquidity, with approximately 900-1,700 billion VND each.
Foreign investors extended their net buying streak to seven sessions by volume, but in terms of value, they net sold over 1,000 billion VND. FPT and VPB faced the strongest net selling pressure from foreign investors.
Phuong Dong
