Market Pulse 11/03: Trading with Ambivalent Sentiment

After a sharp decline at the end of last week, the current investor sentiment has caused the main indices to fluctuate near the reference level. As of 10:30 am, the VN-Index dropped 2.34 points, trading around 1,249 points. The HNX-Index dropped 0.13 points, trading around 236 points.

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The current breadth in VN30 is tilting towards the red side but the pressure is not too high. Among them, the banking group is particularly under high selling pressure such as TCB down 1.43 points, MBB down 0.56 points, ACB down 0.34 points, and SHB down 0.28 points. On the contrary, only the group of stocks with the giants FPT, MSN, VNM, and HPG still maintain the green color and contribute more than 4 points to the overall index.

The banking and insurance group is currently under strong selling pressure with most stocks turning red. Notable ones include PRE down 8.08%, PVI down 1.69%, BMI down 0.85%, MBB down 1.06%, TCB down 1.46%, etc.

In contrast, the real estate and securities group are showing positive developments with stocks like VHM up 0.47%, VIC up 0.78%, DIG up 0.19%, and FTS up 3.71%, BSI up 1.22%, TVB up 2.29%…

Compared to the market opening, the breadth of the market with a large number of stagnant stocks with over 1,000 stocks. The number of stocks that increased was 280 stocks (including 15 limit-up stocks) and the number of stocks that decreased were slightly higher with 305 stocks (including 7 floor-down stocks). The total trading volume on all 3 exchanges reached over 251 million units, equivalent to over VND 6.3 trillion.

Source: VietstockFinance

Opening: Cautious at the beginning of the session

A light green color appeared right at the beginning of the trading session, however, the increase was not too high and the index fluctuated around the reference level. This shows that investor optimism is still present in the market along with caution.

At 9:30 am, VN-Index increased by more than 4 points and traded around 1,252 points; HNX-Index reached 236 points.

Light green temporarily has an advantage in the VN30 basket with 18 stocks up, 8 stocks down, and 4 stocks unchanged. Among them, stocks in the banking group MBB, TCB, STB…are the cause of the point decline. On the contrary, stocks like FPT, GVR, VIC, which have increased in price, support the market’s score.

The technology and manufacturing sector is a highlight of the market. Stocks like VNM increased by 1%, DBC increased by 2.38%, VGI increased by 2.74%, and FPT increased by 0.15%.

The securities sector sank in red at the beginning of the trading session. Typical stocks such as VND down 0.42%, HCM down 0.18%.

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