The VN-Index rallied in the final minutes of trading, closing up more than 3 points near 1,677 points. This surge followed a day of volatility, with the index largely trading below its reference level. The market opened with a slight improvement during the opening auction (ATO) session but soon turned negative due to selling pressure, impacting nearly half of HoSE stocks. The index fluctuated between 1,668 and 1,772 points through the morning and early afternoon.
The market's turnaround began in the afternoon. After dipping near 1,665 points at 13:30, the index recovered. By 14:00, it fluctuated around the reference level. The VN-Index finally turned positive after closing price orders were processed, ending the day near 1,677 points, up more than 3 points.
Despite the index gain, market breadth remained weak. The market experienced a "green outside, red inside" scenario, with 150 stocks declining against 141 advancing. This narrow difference indicated a dominant seesaw trend and weak market consensus.
Blue-chip stocks were the primary drivers of the VN-Index's rise. VJC, Vietjet Air's shares, led the gains, rising 4,8% with liquidity exceeding 405 billion dong, making it the 8th most traded stock on the HoSE. GEE of Gelex Electric also contributed.
The banking sector also provided significant support. Five banking representatives — HDB, TCB, VPB, MBB, and SHB — were among the top 10 contributors to the market's increase. Other stocks also maintained gains around 1%.
Conversely, FPT, DGC, CTG, BCM, and BRS were among the stocks that negatively impacted the market. DGC shares of Duc Giang Chemical saw their three consecutive sessions at the floor price. Its market price dropped to 74,900 dong per unit, with over 22 million shares available for sale.
During the volatile trading session, investors largely remained on the sidelines. HoSE liquidity reached nearly 17,800 billion dong, a decrease of nearly 1,800 billion dong from the previous session.
Following a modest net buying session, foreign investors resumed net selling, totaling 852 billion dong. DXS experienced over 451 billion dong in net selling, followed by VIC with nearly 331 billion dong. MBB was the most net bought stock by foreign investors, though only recording over 95 billion dong.
In its pre-trading bulletin, VPBank Securities (VPX) noted that the index technically fluctuated below a strong resistance zone of 1,680-1,695 points. The 100-day moving average (MA100) continued to provide immediate support. Momentum indicators showed no clear improvement, indicating a persistent risk of correction.
VPX advised a cautious short-term strategy: Investors should prioritize observation, considering short-term trading with low proportions at support levels and avoiding chasing rallies until the market confirms an upward trend.
Tat Dat
