The stock market experienced slight fluctuations at the open, then gained 10 points immediately after the opening price orders were processed. However, the market quickly fell back near the reference level before recovering. After 10h, the HoSE benchmark index turned red, repeatedly losing the important psychological 1,800-point mark.
In the afternoon, stocks traded indecisively around the reference level. By nearly 14h, the market was pulled back into positive territory. Despite earlier volatility, the main index surged almost vertically during the ATC (At-the-Close) session.
The VN-Index closed near 1,815 points, accumulating over 12 points compared to yesterday. This ended a seven-session correction streak, which saw a loss of nearly 100 points, marking the longest correction period since late 2018.
Market breadth was moderate, with 188 stocks gaining and 125 declining. Today's capital flow shifted towards retail, chemicals, resources, and food and beverage sectors.
Specifically, the VN-Index received positive support from VHM, VGR, VNM, MSN, and MWG. Notably, Vinhomes' VHM, after several declining sessions and hitting its floor price earlier in the week, rebounded by 2,6% to bring its market price to 107 dong per share.
Conversely, the stocks that most negatively impacted the overall index were VJC, HDB, GAS, PLX, and POW. These stocks had previously attracted significant capital inflows, indicating a flexible distribution of demand across the market, rather than a concentrated focus on a single sector as seen before.
Despite the gains, HoSE's liquidity sharply decreased by over 9,100 ty dong compared to yesterday. Total trading value fell to approximately 25,400 ty dong.
Furthermore, another negative aspect was foreign trading, as they continued net selling approximately 463 ty dong. VIC was sold off most heavily, exceeding 364 ty dong, followed by ACB with over 215 ty dong. MWG, GAS, and VJC also saw net selling in the hundreds of billions of dong.
Conversely, foreign investors net bought over 350 ty dong in MSN. Masan's stock recorded the highest market liquidity today, exceeding 2,000 ty dong. This stock briefly hit its ceiling price early in the session, then cooled down and closed 5,8% higher than its reference price. Additionally, foreign investors also heavily bought FPT and PNJ.
Since yesterday's session, Vietcombank Securities (VCBS) observed capital rotating and seeking market opportunities. Therefore, the analysis team recommended investors remain calm, closely monitor overall index movements, and review their portfolios by gradually reducing exposure to stocks facing strong selling pressure, while holding onto those with stable upward trends. Furthermore, investors should follow capital flow movements and consider opening positions in stocks performing better than the general market after they have discounted to strong support levels.
Tat Dat
