After a strong start to the week, profit-taking emerged, causing market fluctuations. The Ho Chi Minh City exchange's index reversed course multiple times, at one point losing over 8 points compared to its reference level.
However, in the final minutes of the session, capital flowed back into several large-cap stocks, helping the index gain more than 5 points. After three consecutive rising sessions, the VN-Index accumulated a total of 28 points.
The market experienced a phenomenon where the index rose, but the number of declining stocks outnumbered those increasing, a situation often described as 'green on the outside, red on the inside'. Specifically, on the Ho Chi Minh City exchange, 161 stocks closed below their reference price, while only 152 stocks advanced.
The Vingroup group was a key catalyst, extending the market's recovery. All four stocks within this group performed positively. VIC contributed nearly 3 points to the index, rising 1,4% to 220,000 dong. VHM, VRE, and VPL all reversed from declines to gains by the end of the session, fluctuating between 0,1% and 2%.
Sector-wise, securities exhibited the most enthusiasm. No stocks within this group closed in the red. ORS and VND shared the two top positions for price gains, reaching 1,8% and 1,3% respectively.
The steel sector also performed positively, with all its stocks moving upward. HPG, the industry-leading stock, increased 0,7% to 27,500 dong.
Conversely, the real estate sector showed significant divergence. While NVL, LDG, and Vingroup-affiliated stocks recorded gains, many mid- and small-cap stocks such as HDG, DIG, SCR, NLG, and HQC all declined by more than 1%.
Within the banking sector, TPB and VPB both rose by more than 2,5%, while LPB faced strong selling pressure, leading to a 1,3% decline. Major industry players like VCB, BID, and TCB fluctuated within a narrow range, not exceeding 1% compared to their reference levels.
Liquidity on the Ho Chi Minh City exchange reached 22,250 ty dong, marking its highest level in one week and an increase of approximately 700 ty dong compared to yesterday's session. VIX led in matched order value, exceeding 1,150 ty dong, far outperforming subsequent stocks like HPG, SSI, and SHB.
Foreign investors continued their net selling streak. This group has offloaded stocks for 10 consecutive sessions, with a total net withdrawal value exceeding 6,400 ty dong. Today alone, they sold approximately 2,800 ty dong while disbursing 2,750 ty dong. MBB was the primary focus for selling, with over 5,7 trieu shares, followed by VIX, VCI, and VND.
According to the analysis team at Yuanta Securities, successfully conquering the 1,655-point resistance level signals the market's exit from its accumulation phase. The team noted that correction risks have diminished, and future market movements are likely to be more positive, suggesting investors could consider new purchases with a low proportion.
Phuong Dong
