Prior to today's trading session, most securities companies advised investors against new purchases given the market's low liquidity and lack of supporting information. Analysts predicted the Ho Chi Minh City Stock Exchange's representative index might decline, potentially breaking below the crucial 1,600-point threshold.
Indeed, the VN-Index remained below the reference point for most of the trading day. This morning, the index dipped over 16 points due to selling pressure concentrated on bank stocks, while real estate stocks provided rare support.
However, an hour before closing, the market abruptly reversed course. A strong influx of capital into bank and securities stocks drove the index sharply upward, closing at 1,657 points, a 22-point increase.
Over 230 stocks on the Ho Chi Minh City Stock Exchange advanced, three times the number of declining stocks. The large-cap basket was predominantly green, with 27 stocks closing above the reference point, while only two, VIC and VHM, declined.
9 of the top 10 stocks positively impacting the VN-Index were bank stocks. HDB hit its ceiling at 30,700 and closed with no sellers after HDS, an affiliate, announced a share offering plan. HDS plans to use some of the proceeds to invest in a digital asset exchange operator.
Besides HDB, leading bank stocks like VPB, TCB, and STB rebounded strongly, gaining 3-5.7%. Larger-cap stocks like VCB, BID, and CTG saw more modest gains, ranging from 0.8-1%.
All securities stocks also finished in the green, up over 2%, despite initially declining this morning. SSI, a leading stock in this sector, rose 2.2% to 40,250, while VCI added 4.2% to reach 43,650.
Most real estate stocks closed above the reference point, except for the Vingroup group. CII saw the most enthusiastic activity, hitting its ceiling at 24,400 with 7.6 million shares in buy orders. Mid-cap stocks like NVL, NLG, and KDH gained 1.5-3%.
Other sectors, including steel, construction, aviation, fertilizer, and seaports, followed the VN-Index's trend, reversing from losses to gains in the final minutes.
Market liquidity today reached over 27,100 billion dong, an increase of nearly 4,000 billion dong compared to the previous session. However, this remains low compared to earlier sessions this month. SHB led in matched order value with over 3,200 billion dong, far exceeding SSI (1,428 billion dong), CII (1,234 billion dong), and VPB (1,232 billion dong).
After a session of selling pressure, foreign investors returned to heavy selling. They sold over 3,700 billion dong while buying only 2,200 billion dong, marking their 6th consecutive selling session. The focus of foreign net selling was on securities and bank stocks such as SSI, VPB, TCB, and SHB.
Phuong Dong
