Before the week's first trading session, most securities companies predicted market volatility and a decline, given the VN-Index's recent consecutive gains on low trading volume.
However, the opposite occurred. The VN-Index stayed positive throughout the session, widening its gains toward the close. Strong investment in leading stocks in banking, securities, and public investment pushed the index up by more than 17 points, closing near 1,685.
Nearly 240 stocks advanced on the TP HCM exchange, three times the number of declining stocks. Gains also dominated the large-cap basket, with 22 stocks closing above the reference price, while six declined.
BID topped the list of positive impacts on the VN-Index, gaining 3.1% to 42,200 dong. CTG and TCB, also in the banking sector, joined BID on the list. The remaining positive influencers were distributed across sectors like aviation, securities, retail, energy, and rubber.
Securities saw the most consistent gains. Following news of the government's approval of a market upgrade plan, numerous securities stocks surged. VIX led, hitting the ceiling at 37,450 dong, while VND, VCI, and HCM all rose by more than 1%. SSI, a leading stock, experienced heavy foreign selling in the morning, causing a dip, but recovered to end the session up 0.7%.
Steel stocks also showed gains, ranging from 0.5% to 2.8%. HPG at one point gained 3%, nearing 31,000 dong, but subsequent selling pressure limited the increase to about 1%.
Similarly, oil and gas stocks closed higher. Leading stocks GAS and PLX gained 1.1% and 0.4%, respectively.
Bank stocks generally saw increases of around 1%. Some stocks, such as HDB, MSB, and VPB, bucked the trend, but the declines were negligible.
Liquidity also improved, with over 1.24 billion shares traded, a 10% increase from the previous weekend. Trading value also edged up to over 37,600 billion dong, with the large-cap basket contributing nearly 20,000 billion dong.
Seven stocks on the TP HCM exchange reached trillion-dong liquidity. HPG led with over 2,700 billion dong, followed by VPB with over 2,000 billion dong, significantly surpassing others like VIX, SSI, SHB, and MSN.
Despite the market's four-session rise, foreign investors continued net selling. They extended their selling streak to five sessions, withdrawing over 1,300 billion dong. FPT faced the most pressure, with a net outflow of over six million shares, followed by HPG, MWG, VND, and NVL.
MB Securities analysts predict a continued short-term uptrend this week despite ETF portfolio restructuring and derivatives expirations. Large-cap stocks are likely to be affected by the restructuring, potentially shifting investment toward mid- and small-cap stocks. MBS estimates current market support at 1,600-1,615 points, with resistance at 1,694-1,700 points, 10-15 points above the current level.
Phuong Dong
