The VN-Index largely showed green today, closing over 13 points higher at above 1.870 points, its highest level since early March. This rise occurred despite a significant number of declining stocks on the HoSE, indicating a lack of broad market consensus. Throughout the morning, the index primarily traded within the 1.870-1.880 point range, briefly testing 1.890 points without success. Near the end of the morning, the market saw a "green on the surface, red underneath" situation, as declining stocks began to dominate.
By the afternoon, the number of declining stocks exceeded 200, double the number of advancing stocks. After 14:00, over three-quarters of HoSE stocks turned red. Although the VN-Index briefly dipped below its reference point during this time, it quickly recovered. At the close, 208 stocks declined, while only 104 advanced, highlighting the market's reliance on a few key players.
The overall index found its primary support from VIC and VCB. These two stocks contributed over 12 points and over 6 points, respectively, to the VN-Index's rise. Vingroup's VIC stock surged by 3,5% today to 214.500 dong per share, marking its highest closing price ever. Its liquidity reached over 910 billion VND, with half of the matched orders originating from active buyers.
Vietcombank's VCB was the market's most actively traded stock, generating over 2.195 billion VND in value. Over 53% of its matched orders were active buys. The stock closed up 5,7% at 62.800 dong per unit and, at times during the session, hit its daily limit with substantial trading volume. Following the upward momentum of VIC and VCB, real estate and banking stocks also recorded positive movements. NVL rose by 2,4%, even approaching the ceiling price intraday. BID closed approximately 3,4% above its reference price, and CTG gained 1,7%.
HoSE liquidity surged by almost 37% today, reaching nearly 29.300 billion VND, the highest level in the past half month. However, foreign trading activity impacted the market, as they continued net selling approximately 1.653 billion VND. Stocks with net sales exceeding one hundred billion VND included: FPT, ACB, VHM, VCB, CTG, and BSR.
This marks two consecutive sessions where the stock market has been primarily supported by specific stocks, notably Vingroup. In a report yesterday, Vietcombank Securities (VCBS) suggested that given the highly differentiated market, investors could utilize intraday corrections or fluctuations for exploratory disbursements. The priority, according to VCBS, should be stock groups that have established a strong accumulation base at deeply discounted prices or those that have recently broken out from their price base.
Tat Dat
