During the initial trading hour, the market fluctuated around the reference level with limited volatility. After 10h, buying demand returned, helping stocks maintain positive momentum. The VN-Index primarily hovered around the 1,650-point mark throughout the morning.
In the afternoon, buyers gained increasing dominance. The stock market successively surpassed the 1,660 and 1,670-point thresholds. Despite slight fluctuations during the ATC (at-the-close) session, the VN-Index closed up more than 28 points, reaching nearly 1,673 points.
Market breadth favored advancers, with two-thirds of stocks on the HoSE accumulating value. Notably, 12 stocks reached their daily ceiling limit, including PDR, DIG, GVR, KBC, and HDC. Conversely, only 90 stocks declined, nearly three times fewer.
Numerous blue-chip stocks once again served as key market drivers. VIC alone contributed over 4 points to the VN-Index. Vingroup's stock price increased by 2% to 132,600 VND per share, with liquidity exceeding 280 billion VND. Other significant contributors included GVR, VHM, CTG, VCB, and BID.
By sector, the chemical, retail, oil and gas, resources, technology, and real estate groups showed the most positive performance. The real estate sector, in particular, saw many stocks hit their ceiling prices. In addition to high-liquidity stocks, DXS, SCR, CRE, and IDJ also reached their maximum daily gains.
Another positive aspect was that liquidity increased in tandem with the index. The total transaction value on the HoSE reached nearly 23,500 billion VND, an increase of almost 1,800 billion VND compared to yesterday.
Foreign investors continued their net-selling streak for the 12th consecutive session. However, the value of their net sales decreased to approximately 155 billion VND, marking the lowest point in the current selling spree. STB and DGC were the only two stocks experiencing net sales exceeding 100 billion VND. Meanwhile, foreign investors actively accumulated shares in HPG, DCM, and VIX.
Despite experiencing significant fluctuations, the stock market still gained 25 points this week. A cautious sentiment was evident, with liquidity consistently remaining below the USD one billion threshold. The flexibility of capital flow emerged as a key highlight, indicating investors were rotating to seek opportunities across different sectors or stocks.
In its report from the previous session, VPBank Securities (VPX) projected that the VN-Index might continue to trade sideways within the support zone of 1,600-1,650 points in the short term. Investors were advised to closely monitor the index's reaction in this area before a new trend fully emerges.
Recognizing that the market is currently in a testing phase within the 1,630-1,640-point range, Vietcombank Securities (VCBS) recommended that investors could utilize intra-day corrections or fluctuations for exploratory disbursements. It is crucial to prioritize stock groups that have established accumulation bases at deeply discounted prices or those that have recently broken out from their base prices.
Tat Dat
