The VN-Index opened the trading session on 3/2 in negative territory but quickly returned to its reference level. The benchmark index for the Ho Chi Minh City (HoSE) exchange briefly expanded its gains to 20 points before narrowing due to localized selling pressure in large-cap stocks.
The index closed the session at 1,813 points, up 7 points from its reference. In contrast, the VN30 index continued its decline, falling below the 2,000-point mark. This performance aligned with forecasts from several securities companies, who viewed yesterday's sell-off as an opportunity for investors to allocate capital into stocks with growth potential or those benefiting from seasonal factors, thereby driving the VN-Index upwards.
Positive sentiment dominated the HoSE today, with over 190 stocks advancing and fewer than 130 declining. The seaport sector demonstrated the strongest consensus, as all its constituent stocks closed above their reference prices. Notably, GMD of Gemadept shipping company reached its daily upper limit, climbing to nearly 73,000 VND.
The securities sector also showed signs of improvement, with most stocks gaining. VIX, VDS, VND, and VCK recorded gains of 1,2-3,7%. Conversely, VPX was the only stock in the sector to close in the red, with a decline of less than 1%.
The fertilizer and chemical groups also saw positive movement. Two key stocks, DPM and DGC, each rose by about 1%.
Banks, a pillar of the market, experienced significant divergence. EIB led the sector with gains of over 4%, followed by MBB, CTG, TPB, and VCB, which fluctuated between 0,4-1,5%. BID and LPB faced intense selling pressure, causing their prices to reverse from gains to declines of over 1%.
The matched order value on the HoSE reached over 33,000 billion VND, a figure not significantly different from the first session of the week. MBB topped the liquidity rankings with over 1,400 billion VND, followed by VIC and VCB, both exceeding 1,000 billion VND.
Foreign investors sold over 5,100 billion VND today while disbursing approximately 4,500 billion VND, resulting in a net selling value of over 600 billion VND. This marked the second consecutive session that foreign investors offloaded shares on the HoSE.
According to the analysis team at Vietcombank Securities Company, the current market trend presents an opportunity for investors to consider T+ day trading in stocks that are attracting strong capital and performing positively relative to the broader market. The team suggested three potential stock groups: retail, import-export, and banking.
Phuong Dong
