The VN-Index quickly regained the 1,800-point mark at market open and maintained gains throughout the day. In the morning, the stock market saw minimal movement during opening price order executions. Afterward, the market largely traded sideways around the 1,810-point range.
In the afternoon, the general index experienced a slight dip but quickly regained momentum. At one point, the stock market rose more than 19 points compared to its reference level. The market then experienced minor fluctuations, but the positive trend remained. After the after-hours trading session, the VN-Index was pulled higher, closing above 1,814 points, an increase of over 17 points from yesterday.
While the index showed strength, market consensus was not high. This was reflected in the low difference between the number of rising and falling stocks, with 177 gainers and 135 decliners respectively.
The Vingroup group of stocks was the primary driver for the VN-Index's rise today. VIC closed at 159,000 dong per unit, approximately 5,4% higher than its reference price. During the session, this stock nearly reached its ceiling price. VIC recorded the 4th highest liquidity in the market, totaling over 686 billion dong. Vingroup's stock contributed nearly 13,5 points to the VN-Index.
Following closely was VHM of Vinhomes, which contributed over 5 points to the general index's increase. This stock ended the session up 5,8% at 109,000 dong, with liquidity exceeding 701 billion dong, making it the 3rd highest across the entire market.
Conversely, the market faced headwinds from banking stocks, notably BID, MBB, and VCB. Overall, stocks in this sector saw only minor adjustments of around 1%. Specifically, the stocks of BIDV and MB fell 2% and 2,2% respectively. Among these, MBB was also the most actively traded stock in the market today.
Despite the stock market's rise, the total transaction value on the HoSE floor retreated to nearly 16,400 billion dong, almost half of the previous session. Liquidity dropped to its lowest level in the past two months. This can be partly attributed to pre-holiday sentiment, as only one more trading session remains before the Tet holiday period.
A bright spot in the market was the foreign bloc extending its net buying streak for the third consecutive session. Foreign investors net bought approximately 342 billion dong, focusing on VIC and GMD. However, the net buying value decreased by nearly 84% compared to yesterday due to selling pressure on stocks such as ACB, FPT, and VCB.
In its pre-market report this morning, VPBank Securities (VPX) predicted that liquidity might decline, and a period of choppy, indecisive trading would likely emerge. The main reason is that with only two trading sessions remaining before the long holiday, both supply and demand are exercising caution.
Therefore, the analysis team recommended that investors prioritize medium-term disbursements in sectors attracting capital flows, while in the short term, continue holding strong-trending stocks and avoid chasing high prices. If the support zone of 1,750-1,760 points is maintained, investors should keep a balanced portfolio allocation.
Tat Dat