The VN-Index chart was predominantly green for most of the trading session. In the morning, stocks mainly fluctuated narrowly around the 1,660-1,665 point range with demand focused on steel, oil and gas, construction, and chemical sectors. However, after 10 a.m., the index was pulled below the reference point as selling pressure increased in the banking, securities, and some real estate sectors. The decline was not too deep, allowing the market to recover quickly just 30 minutes later.
In the afternoon, the market continued to move sideways. Near 2 p.m., buying force strengthened due to the reversal of the VN30 basket, helping the general index surpass 1,670 points at one point. Despite fluctuations in the ATC session, the VN-Index still recovered and closed above 1,667 points, up nearly 10 points compared to the previous day.
On the HoSE, 252 stocks advanced, including 10 stocks hitting the ceiling price, notably IJC and KSB. Conversely, 84 stocks declined.
Cash flow concentrated on blue chips, helping this group contribute positively to the general index. VIC, HPG, MSN, and VNM led the top gainers for the VN-Index. Meanwhile, VPB had the most negative impact.
However, by sector, securities saw the most negative performance. While the sector wasn't entirely in the red, key stocks like SSI, MBS, VND, VCI, ORS, VDS, and CTS retreated, though the decline wasn't significant.
Meanwhile, the resources sector attracted strong buying force. KSB of Binh Duong Minerals and Construction hit the ceiling price at 20,800 VND with liquidity of nearly 127 billion VND. Steel stocks also accumulated 2.3-2.9%, including three representatives NKG, HSG, and HPG. Hoa Phat alone had a total trading value of nearly 3,110 billion VND, the highest in the market.
While the index increased, liquidity declined. Total trading value on HoSE reached nearly 34,200 billion VND, down nearly 2,500 billion VND compared to the previous day.
Foreign investors net sold for the 4th consecutive session with 1,145 billion VND. Many stocks saw net selling of over 100 billion VND, such as HPG, SSI, FPT, VIX, MSB, and MWG. However, foreign cash flow continued to be divided, with good demand also seen on the buy side for GEX, VNM, MSN, and TCB.
Thus, after the previous week's decline, the VN-Index ended this week with a gain, albeit accumulating only 0.29 points. The sharp correction at the beginning of the week meant the market took 4 sessions to recover. With the market still fluctuating and lacking clear signals, cash flow this week was cautious.
In recent market reports, many analysts have noted that technical indicators are reflecting short-term correction risks. Beta Securities (BSI) recommends that investors maintain discipline and avoid chasing prices. A reasonable strategy is risk management, only tentatively disbursing into stocks with good fundamentals, clear cash flow support, and long-term benefits.
Tat Dat
