In the morning, the HoSE benchmark index fluctuated between 1,770 and 1,780 points. However, market conditions deteriorated as the session progressed, with market breadth increasingly favoring declining stocks.
By the afternoon, the overall index improved thanks to capital inflows into blue-chip stocks. The market briefly surged by over 20 points, but this level was not sustained. Towards the end of the session, the VN-Index pared some gains, closing above 1,785 points, an increase of over 10 points compared to yesterday.
Despite the overall gain, the market exhibited a "green on the surface, red underneath" pattern, with 176 stocks on HoSE declining, outnumbering the 132 gainers. Cash flow showed deep differentiation, as investors selectively picked stocks with unique stories, resulting in a mixed performance of gains and losses across each sector.
Overall, the VN-Index was boosted by VIC, VHM, and VPB. These three stocks from Vingroup, Vinhomes, and VPBank collectively contributed over 11 points to the overall index.
Today, VIC closed at 232,000 VND, up 0.9%, despite spending most of the morning trading below its reference price. VHM maintained a stronger positive performance, rising 5.7% to 69,100 VND.
Meanwhile, VPB was the most actively traded stock on the market, with liquidity reaching over 1,080 billion VND. Capital inflows in the afternoon helped VPBank's shares briefly touch the ceiling price before closing at 23,000 VND, 4.1% higher than its reference price.
Following two previous volatile sessions, cash flow became increasingly cautious. Today's liquidity recorded nearly 15,300 billion VND, marking the second consecutive session of decline.
Foreign investors continued to net sell approximately 254 billion VND, a sharp decrease compared to the hundreds of billions of VND seen in the previous two sessions. TCB was the only stock to experience net selling of over a hundred billion VND. Conversely, foreign investors maintained strong net buying in SBT and BSR.
Since the previous session, Vietcombank Securities (VCBS) suggested that amidst strong VN-Index fluctuations, investors should adhere to discipline and restructure their portfolios. Experts recommended selling stocks that had fallen below support levels, increasing cash weighting, and patiently waiting for clearer market equilibrium signals.
However, Beta Securities (BSI) offered a different perspective, suggesting that with the VN-Index having reached its expected support area, investors could begin accumulating positions and prepare for phased investments if positive cash flow signals emerge. Nonetheless, BSI cautioned investors against disbursing funds too quickly as soon as the index approaches support. Instead, they advised observing the market's ability to absorb selling pressure, overall liquidity, and the reaction of target stocks to identify suitable buying points.
Tat Dat
