After yesterday's volatile session, the stock market traded in positive territory throughout the day. In the morning, the HoSE benchmark index surpassed 1,860 points, an increase of 35 points, but quickly retreated. From 10h to 14h, the market primarily moved sideways around the 1,850-point mark.
In the latter half of the afternoon, the general index attempted to retest previous price levels but remained unsuccessful. Following the ATC session, the VN-Index closed at 1,853 points, rising by over 25 points compared to yesterday. The stock market is currently trading at its highest level in nearly two months.
However, on the HoSE, 184 shares declined, outnumbering the 117 shares that gained. This "green shell, red core" situation recurred, indicating a lack of broad market consensus.
The real estate sector was the main driver for the VN-Index, with Vingroup's VIC shares being a prominent contributor. This stock added nearly 19 points to the overall increase. Its closing market price today was 256,100 dong, up 4,7%. VIC was also the most actively traded stock, with over VND 1,918 billion in transaction value.
Following closely was VHM of Vinhomes, contributing over 3 points. This share rose by 2,5% to 75,200 dong, with a liquidity of over VND 1,060 billion, ranking second across the market.
Additionally, the technology, banking, and securities sectors also supported the index. Notable shares included VPB, STB, TCB, TCX, and VCB.
Conversely, chemical and oil and gas shares experienced dominant selling pressure. DCM, DPM, GVR, BSR, PLX, OIL, and other shares all saw declines, though the decreases were not significant.
Despite the improved index score, liquidity slightly decreased by 4% to VND 16,700 billion. The low trading value suggests that the upward trend has not yet received strong support from large capital flows.
A positive sign was the return of foreign investors as net buyers, with approximately VND 95 billion. The shares attracting the most foreign capital were VIC, VHM, MCH, and VPB. However, DXG was still net sold by foreign investors for over VND 100 billion.
Since the previous session, VPBank Securities (VPX) noted that investor sentiment was somewhat cautious after the preceding recovery phase. The index's decline was limited by support from Vingroup shares, while most other shares faced more significant downward pressure. This indicates a less positive market breadth and a lack of true consensus in the index's movement.
Given the current market situation, Vietcombank Securities (VCBS) advises investors to closely monitor market movements to promptly restructure portfolios when stop-loss levels are reached. Instead of rushing to buy at the bottom, investors should use this time to identify shares that maintain critical technical support levels despite general market sell-offs, seeking disbursement opportunities if the VN-Index regains upward momentum.
"Shares that show strong resilience during a VN-Index downturn are often the ones that rise the fastest and strongest in the market's recovery phase", the analysis team stated.
Tat Dat
