The VN-Index opened in positive territory with ATO (At The Open) orders, but quickly fell below the reference point. During the first half of the morning, the market decline remained moderate as buying and selling forces balanced each other, with the VN30 index (comprising the 30 largest stocks) showing the most significant losses. An hour before the lunch break, the VN-Index dropped more sharply as selling orders broadened.
The decline continued into the afternoon, but the market showed signs of improvement, primarily driven by the real estate sector. After 2 PM, the index briefly approached the reference point. However, selling pressure intensified as the ATC (At The Close) session drew near.
The VN-Index closed near 1,659 points, down nearly 7 points from the previous day. This marks the market's fourth consecutive decline.
The number of advancing and declining stocks was relatively balanced, with 133 and 189 stocks respectively. The market still saw 10 stocks hitting the ceiling price, notably GEE and QCG.
Losses were widespread across many sectors, including typically high-volume sectors like banking and securities. Conversely, the real estate sector helped mitigate the overall decline of the VN-Index.
Vingroup's VIC shares rose 5.7% to 153,200 VND per share, with a trading volume of nearly 832 billion VND. This stock contributed the most to the overall index gain. The sector also saw NVL increase by 5.6%. Stocks like CII, CEO, and SCR also gained between 2% and 3%. However, the real estate sector also experienced declines in VHM, VCG, VRE, and KBC.
Trading volume increased by approximately 1,400 billion VND to nearly 29,200 billion VND. This total trading value remains low compared to the previous period, only slightly more than one-half of sessions with 2 billion USD in trading volume. This suggests that while there is downward pressure, there are no signs of a sell-off.
Foreign investors net sold approximately 2,823 billion VND, an increase of over 86% compared to the previous session. Several stocks saw significant foreign selling, including VHM, SSI, STB, VIX, VCB, VRE, VND, DGC, and KBC. Conversely, foreign investors heavily invested in FPT and HPG.
This week, the market attempted to retest the previous peak of 1,700 points but was unsuccessful, transitioning into a sideways trend with wide fluctuations. The VN-Index ended the week down nearly 9 points. Except for the first session, the remaining days of the week saw declines.
The sharp decline in trading volume in the last two sessions of the week indicates growing caution among investors. According to Vietcombank Securities (VCBS), investors are increasingly taking a wait-and-see approach, seeking further market information.
VPBank Securities (VPBankS) suggests that a reasonable trading strategy at this time is to focus on observation and short-term trading (T+) with strong stocks that have a solid price base. Investors should avoid significantly increasing their positions and instead consider using market fluctuations to restructure their portfolios.
Tat Dat
