The VN-Index opened near a new peak of 1,590 points but gradually lost ground, though it remained in positive territory for the first half of the morning. Midcap stocks, notably DPM which hit the ceiling price and held it throughout the session, helped maintain the positive momentum, while VN30 stocks continued to diverge.
By late morning, increasing profit-taking pressure, particularly in blue-chip stocks, pushed the index below the reference point. The decline continued into the early afternoon, with the market falling over 16 points at one point.
After 2 PM, the market entered a period of indecision, with the index fluctuating before dipping back into the red during the ATC session. However, the VN-Index quickly reversed course and closed up over 3 points, near 1,585.
Market consensus was low, with a similar number of advancing and declining stocks, 177 and 155 respectively. The VN-Index's gains were primarily driven by VIC and VPB.
Today, Vingroup shares rose 1.7% and VPBank shares added 2.1%, despite both experiencing slight corrections during the session. VIC and VPB have performed well since the beginning of August, accumulating gains of 11% and 15% respectively, with ceiling-hitting sessions.
Beyond these two pillars, blue-chip stocks performed poorly. The VN30 index fell nearly 6 points, with 18 stocks declining. The market continued to focus on midcap stocks. All 15 stocks that hit the ceiling price on the HoSE today were outside the VN30 basket, notably PDR, CII, PVD, HAG, and GEE. Capital flowed to stocks with individual growth stories, rather than solely focusing on market leaders.
The HoSE's positive close was accompanied by increased trading volume. Total trading value today reached over 49,100 billion VND, nearly 5,000 billion VND higher than yesterday. This is the second consecutive session with increased liquidity.
Foreign investors increased net selling to approximately 834 billion VND, focusing on BID, SSI, HPG, FPT, and VCB. Conversely, they continued to buy VPB, GEX, CII, DCM, and CEO, with net purchases exceeding 100 billion VND.
After a week of sharp corrections, the market has closed in the green throughout this week. However, intraday volatility persists. Continued high trading volume indicates ongoing strong cash flow.
According to Vietcombank Securities (VCBS), the market continues to show momentum toward higher levels this week. Stock groups have shown signs of divergence, but thanks to the active rotation of cash flow, the VN-Index has maintained its value and gradually consolidated support levels.
Given the current situation, VCBS recommends investors partially realize profits in stocks experiencing strong selling pressure at high levels. Simultaneously, investors can select stocks entering an uptrend from long accumulation zones or those showing signs of successful support testing after corrections to open positions when the VN-Index fluctuates next week.
Tat Dat
