Prior to today's session, many securities firms suggested that yesterday's rally was insufficient to confirm a sustainable recovery. However, the benchmark index for the Ho Chi Minh City Stock Exchange was expected to gradually advance past key resistance levels of 1,850 and 1,860 points, driven by capital shifting towards bellwether sectors such as oil and gas, banking, and real estate.
The VN-Index traded below its reference level for only a few minutes at the start of the session before turning green and widening its gains. The index closed near 1,854 points, accumulating an additional 5 points from its reference. Although its increase was smaller, the VN30 also approached the psychological 2,000-point threshold.
The Ho Chi Minh City Stock Exchange saw more gainers, with 164 stocks advancing compared to fewer than 130 declining. The large-cap basket showed more divergence, with 19 stocks above their reference price, double the number of declining stocks.
The banking sector experienced its second consecutive upbeat trading session. Kienlongbank (KLB) shares hit their ceiling price of 12,850 dong and closed with no sellers. Major banking stocks like CTG, MBB, VCB, and VPB saw modest increases of 0,5% to 1%. Only a few stocks in this group, including LPB, MSB, HDB, and TCB, went against the trend with declines not exceeding 1,5%.
Oil and gas stocks also surged, as Brent and WTI crude oil prices both rose nearly 3%. This increase followed a series of US airstrikes on targets in southern Iran on the same day, leading investors to fear that a ceasefire agreement would be difficult to maintain. BSR gained 3,5% to 25,100 dong, topping the list of stocks with the most positive impact on the VN-Index. Other key oil and gas stocks such as GAS, PLX, and PVT also added more than 1% from their reference prices.
Within the Vingroup cluster, VIC increased 0,2% to 220,700 dong, while VPL added nearly 2%. Conversely, VHM and VRE weighed down the index, declining 0,1% and 1,1% respectively.
The real estate sector also showed positive signs, with DIG, QCG, DXS, LDG, and SCR all gaining more than 1,8%. In contrast, AGG and NBB were among the declining stocks, though their decreases were not significant.
PNJ was the most volatile stock during today's session, hitting its floor price in the initial minutes before narrowing its decline and reversing to close up 2%. This stock led the liquidity ranking with over 1,240 ty dong traded, nearly equaling the combined value of the next two stocks, MSN and SSI.
Total liquidity on the Ho Chi Minh City Stock Exchange today reached over 17,000 ty dong, a slight increase compared to yesterday. Large-cap stocks accounted for more than half of this total.
Foreign investors returned to net selling, offloading 550 ty dong. This group sold over 2,000 ty dong worth of shares while buying 1,500 ty dong. PNJ faced the strongest selling pressure, with a net volume of approximately 4,5 trieu shares.
According to the analysis team at Yuanta Vietnam Securities Company (YSVN), the short-term trend for the VN-Index remains upward, with an immediate target of 1,885-1,890 points. "Investors can hold recent buying positions and observe this resistance area for profit-taking if the recovery momentum weakens", stated YSVN's newsletter.
Phuong Dong
