The stock market opened with a gain of over 10 points, maintaining positive momentum throughout the day. The HoSE index generally fluctuated between 1,750 and 1,760 points.
In the morning, the market briefly surged about 26 points above its reference level, driven by the banking sector. This sector experienced strong proactive buying and showed foreign investors accumulating shares.
By late morning, oil and gas, and fertilizer stocks also showed similar positive movements. Capital flow into these two groups remained strong into the afternoon, providing significant support for the overall index. Notably, BSR hit its ceiling price.
Thanks to the support from these sectors, the VN-Index gained over 13 points, closing at 1,750 points.
However, only 164 stocks on the HoSE gained, a modest difference compared to the 144 declining stocks. This suggests a lack of broad market consensus.
Beyond the banking, oil and gas, and fertilizer sectors, the overall index also received support from VIC. Vingroup's stock (VIC) rose 1.7% to 151,700 dong per share, contributing over 4 points to the VN-Index.
Despite the market's rise, HoSE liquidity today decreased by over 4,200 billion dong, settling at nearly 24,700 billion dong. Proactive buy orders dominated in the morning, but the market gradually balanced out in the afternoon session.
A bright spot was the foreign capital flow, which returned to net buying of about 841 billion dong, ending a streak of 5 consecutive net selling sessions. Demand was strong for TCB, HPG, MBB, and VNM.
In its pre-market report this morning, VPBank Securities (VPX) forecasted that if the 1,700-1,730 point range holds for one to two sessions, the VN-Index would likely accumulate further before retesting 1,740-1,750 points, and potentially 1,780 points.
Accordingly, the recommended strategy is to continue holding existing positions and avoid chasing strong rallies. Investors may prioritize short-term buying opportunities when the index fluctuates around the 1,700 point mark in sectors attracting capital.
We recommend investors maintain positions in stocks with strong upward momentum. Additionally, investors may consider increasing their allocation or partially disbursing funds into stocks showing notable increases in proactive buying liquidity and that have not significantly risen from their support levels.
Tat Dat
