Continuing the morning session, there is positive momentum with high liquidity indicating strong market movement. Only HPG stands out in the pillar stock group thanks to the sudden increase in foreign investor demand. Steel stocks also saw a prominent increase…
VN-Index had the best growth in the first half of the morning session, reaching its peak at 10:45 a.m. with an increase of nearly 9.5 points, equivalent to +0.77% compared to the reference. The pressure started to increase in the remaining time, the index gradually declined and closed the morning session with an increase of 5.33 points (+0.44%).
Although there is a slight decline, the breadth is not too bad. Specifically, when VN-Index reached its peak, there were 303 stocks increasing/131 stocks decreasing, and at the end of the session, there were 293 stocks increasing/155 stocks decreasing. This shows that profit-taking activities are still mainly taking place in the green price range. This correlation may change if the massive volume of nearly 1.5 billion shares in the afternoon session increases pressure.
The slight weakening phenomenon in VN-Index at the end of this morning session comes from the depth of price decline in the largest pillar group. In the top 10 stocks with the largest market capitalization of this index, VCB fell deeply below the reference, decreasing by 0.11% equivalent to a decrease of about 0.67% compared to the peak. CTG fell sharply by -1.79% and returned to the reference. VIC also lost its entire gain of 0.89%. 7 stocks in the top 10 market capitalization also decreased to varying degrees.
The strongest stock is currently HPG with a 4.69% increase compared to the reference. This stock alone has contributed nearly 2 points to VN-Index, out of the total increase of 5.33 points. HPG has also been pushed down by nearly 1% compared to the peak. This stock has the potential to establish a liquidity record in 14 months as it has changed hands for 62.69 million shares, equivalent to over 1,807 billion VND in the morning session alone. Foreign investors bought 11.76 million shares, accounting for 18.8% of total transactions, with a net value of over 323 billion VND.
In addition to HPG, foreign investors also bought DGC very well with 63.9 billion VND, and SSI with 60.8 billion VND. Both of these stocks have had good price increases: DGC increased by 2.15%, SSI increased by 2.28%. However, the overall trading position of foreign investors on the HoSE floor this morning still net sold 178.6 billion VND, meaning that many other stocks were heavily dumped. The most sold stocks were MWG -52.9 billion, STB -50.3 billion, VPB -44.4 billion, VNM -36.6 billion, PVD -30.9 billion. A series of other stocks with net selling above 20 billion VND have wiped out the net positions of HPG, DGC, and SSI. This is the 13th consecutive morning session that this group has net sold.
The positive point this morning is that the buying support for price increases is still maintained well against the strong pressure. The market breadth clearly reflects this with the number of gaining stocks still overwhelming. Out of 293 green stocks, there are 80 stocks that increased by more than 1%, many of them have very large liquidity. Besides HPG, SSI can be mentioned with 1,106.9 billion VND, an increase of 2.28%; HSG with 287.8 billion VND, an increase of 2.67%; DGC with 238.7 billion VND, an increase of 2.15%; NKG with 215.2 billion VND, an increase of 2.32%; VRE with 179.3 billion VND, an increase of 1.92%…
However, even in these stocks that attract a very large amount of capital, there is still relatively clear selling pressure. All of these groups have had price declines to varying degrees, except for HPG which decreased by 0.99% compared to the peak, the remaining stocks have all been pushed down by more than 1%. Therefore, in the very large liquidity, there must be an increasing active selling pressure towards the end of the session. Expanding to the entire HoSE floor, about 41% of stocks with trading activity have experienced a minimum price decline of 1% compared to the peak. Almost half of these stocks fell below the reference level.
