The VN-Index opened below its reference level during the ATO session but quickly improved. In the initial 30 minutes, the market gained 10 points. However, selling pressure soon mounted, causing the general index to dip below its reference level before recovering within minutes.
By early afternoon, the stock market had risen by nearly 12 points, reaching above 1,696 points, before undergoing another adjustment. After 14h, the index fluctuated around its reference level as it entered the ATC session. Before closing, the VN-Index improved, settling near 1,691 points, an increase of nearly 7 points compared to yesterday.
However, the market continued to show a mixed performance, with 185 stocks declining, outweighing the 106 gainers. During the session, the HoSE exchange saw up to 235 codes in the red at one point, 3,3 times the number of codes that maintained gains.
With the exception of real estate, personal and household goods, oil and gas, and utility services, all other sectors saw their industry indices decline.
Today, Vingroup's VIC emerged as a crucial market support. The stock closed up 5% at 260,400 VND per unit, having touched 262,800 VND during the trading session. This marked VIC's highest market price in its trading history. Its liquidity reached nearly 990 billion VND, securing the second highest position across the entire market.
Consequently, Vingroup's stock alone contributed nearly 10,8 points to the VN-Index's rise. The overall index also received additional support from VPL and VNM. Vinpearl's stock, following news of margin approval, closed 6,1% higher than its reference level, at one point hitting its ceiling price during the session. Meanwhile, Vinamilk stock gained an additional 3,2% with liquidity exceeding 760 billion VND.
Overall on the HoSE exchange, total transaction value surpassed 23,700 billion VND, an increase of more than 2,500 billion VND compared to yesterday. This was the third consecutive session where liquidity remained below one billion USD. This, combined with the index's improvement largely driven by pillar stocks, suggests that investor sentiment remains cautious.
Foreign investors resumed net buying, totaling approximately 334 billion VND. Their primary accumulation targets were VNM, VIC, VIX, VPB, and PVD. However, foreign investors continued significant net selling in FPT and VCB.
The VN-Index thus recorded its third consecutive week of improvement, accumulating over 36 points and closing at its highest price range in over one month. However, during the last two sessions of the week, the gains primarily resulted from the boost provided by pillar stocks like VIC, indicating that selling pressure remained widespread across the market.
In its pre-trading bulletin, VPBank Securities (VPX) suggested that the VN-Index would likely continue to fluctuate around the 1,680-1,700 point range in the short term, aiming to accumulate and re-test demand. Short-term trading (T+) opportunities are emerging but are limited and highly selective, making them suitable only for flexible investors who prioritize low allocation.
Tat Dat
