The VN-Index saw strong fluctuations in the first session of the week, at one point rising close to 1,900 points. However, it also faced strong selling pressure, leading to trading in the red. The benchmark index for the Ho Chi Minh City Stock Exchange (HSX) closed at 1,896 points, up 17 points, extending its upward streak to two consecutive sessions. The index is now less than 7 points away from its previous record.
Today, the HSX recorded nearly 170 gainers, a number not significantly different from the amount of decliners. The large-cap basket showed stronger divergence, with 18 gainers, double the number of decliners.
The market's upward momentum in the first session of the week came from leading stocks across several sectors. In the banking group, BID, CTG, VPB, and MBB pushed the index up with gains ranging from 1-3%. Conversely, some mid- and small-cap stocks like KLB, NAB, OCB, and TPB went against the trend, closing with declines of 0,5-5%.
In the real estate sector, the main support remained stocks related to Vingroup. VIC rose 1,3% to 162,000 VND, leading the list of most positive contributors to the overall index. VHM and VPL gained 0,7% and 0,5% respectively compared to their reference prices. Conversely, shares of major developers in the South, such as Nam Long, Khang Dien, TTC Land, Dat Xanh, An Gia, and Novaland, all traded in the red.
Securities sector stocks experienced mixed performance. Gainers included VIX, VCK, VPX, ORS, and VCI, with increases ranging from 0,3% to 5,3%. The list of decliners included HCM, AGR, and APG, but their adjustments were not significant.
Oil and gas was the only sector to show unanimous growth. PLX hit its ceiling price of 55,600 VND, with over 4 million shares still on the buy side. GAS, BSR, OIL, and PV followed, with increases of 1-6%.
Liquidity on the HSX reached over 36,000 billion VND, similar to last week's end. The large-cap basket contributed the majority, with nearly 24,000 billion VND. The market saw three stocks with trillion-VND matching orders: VIX (1,752 billion VND), FPT (1,576 billion VND), and HPG (1,129 billion VND).
The most positive signal in the first session of the week was the return of foreign net buying, ending a four-session selling streak. This group disbursed over 11,200 billion VND, while sales amounted to approximately 10,700 billion VND.
Foreign investors traded a large volume of HDB shares, with 284 million units, equivalent to 8,800 billion VND. HPG, VPB, and VIX ranked next on the list of stocks accumulated by foreign investors.
Regarding the market trend this week, most analyst groups expect the upward momentum to continue. The VN-Index is anticipated to conquer a new record around 1,920 points as capital shifts from some pillar stocks to smaller-cap groups.
Phuong Dong.
