The VN-Index maintained its upward momentum throughout the first trading session of April. The benchmark index for the Ho Chi Minh City Stock Exchange (HoSE) surged by 40 points at one point, driven by strong capital flows into the VN30 basket, before paring gains to 28 points and closing near 1.703 points. This significant rally helped the index reclaim a key psychological level and reach its highest point in half a month.
According to analysts at ACB Securities Company, surpassing the 1.700-point threshold confirms a short-term trend reversal from consolidation to an upward trajectory.
On the HoSE today, nearly 210 stocks advanced, double the number of declining stocks. The VN30 basket showed more divergence, with 28 stocks gaining, while only two declined and none remained unchanged.
Stocks associated with the Vingroup group dominated the index's performance, contributing 17 of the 28 points gained. VHM and VRE both hit their ceiling prices, closing the session with no sellers after the company announced positive business plans and dividend payouts. Meanwhile, VIC rose by 4,4% to 141.000 dong, adding 10 points to the VN-Index.
Beyond the Vingroup cluster, Vietjet's stock also positively influenced the VN-Index. The stock closed today at its ceiling price of 166.900 dong, with more than 300.000 units of outstanding buy orders.
Sector-wise, securities showed the most widespread agreement, with most stocks rising by more than 1% compared to their reference prices. Leading stocks like SSI, HCM, VCI, and VND performed better, with gains ranging from 3-4%. VPX of VPBank Securities Company was the sole stock to buck the trend, closing in the red.
In the banking sector, two leading stocks, VCB and BID, spearheaded the rally with gains exceeding 1,5%. Large-cap stocks such as VPB, HDB, CTG, and TCB all saw increases, though their margins did not exceed 1%.
Oil and gas stocks experienced significant divergence. GAS and PLX rose by 2,2% and 0,7% respectively, while several stocks like BSR, OIL, PVS, and PVT declined.
Liquidity improved in line with the VN-Index's upward trend. Total matching order value today reached over 29 trillion dong, approximately 5 trillion dong higher than the previous session. SHB and SSI were two stocks with transaction values in the trillions of dong, followed by HPG, VIX, and FPT.
Domestic investors continued to support the market, even as foreign investors persistently engaged in net selling. This group has extended its selling streak to 15 consecutive sessions, bringing the cumulative net withdrawal value since the beginning of the year to nearly 32 trillion dong.
Despite VIC's strong gains, it faced intense selling pressure from foreign investors, evidenced by a net sell volume of nearly 9 million shares. MBB, BSR, and FPT followed in this list, with net selling volumes of approximately 2-3 million shares each.
Phuong Dong
