Market liquidity increased compared to the previous session, with the matched trading volume of the VN-Index reaching more than 692 million shares, equivalent to a value of over 16.5 trillion VND; HNX-Index reached more than 55.5 million shares, equivalent to a value of more than 1,054 billion VND.
VN-Index opened the afternoon session with a tug-of-war but a surprise occurred when sudden selling pressure caused the main indices to sink into the red until the end of the session. In terms of impact, VNM, MSN, FPT, and VCB were the most negative stocks, taking away more than 2.4 points from the index. On the other hand, VHM, VIC, VPB, and VRE were the most positive stocks and contributed more than 2 points to the VN-Index.
| Top 10 stocks impacting the VN-Index on August 26, 2024 |
HNX-Index also followed a similar trajectory, with the index negatively impacted by HUT (-1.7%), IDC (-1.3%), TNP (-2.45%), and MVB (-8.17%)…
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Source: VietstockFinance
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The information technology sector recorded the sharpest decline in the market at -1.24%, mainly due to losses in FPT (-1.2%), CMG (-1.86%), IDT (-1.97%), and CMT (-0.66%). This was followed by the non-essential consumer goods sector and the telecommunications services sector, which fell by 1.17% and 1.05%, respectively.
In terms of foreign trading activities, foreign investors continued to net sell over 457 billion VND on the HOSE exchange, focusing on HPG (147.28 billion), HSG (72.19 billion), VPB (65.98 billion), and PVD (54.6 billion). On the HNX exchange, foreign investors net sold over 46 billion VND, focusing on PVS (18.41 billion), PVI (10.1 billion), SHS (6.24 billion), and TNG (5.05 billion).
| Foreign Trading Activities |
Morning Session: Market Divergence
In the morning session of the new week, investor sentiment remained cautious as the index approached the old peak of 1,300 points. At the midday break, the VN-Index gained 0.1%, closing at 1,286.55 points; HNX-Index rose 0.02% to 240.13 points. The market witnessed a divergence, with 340 stocks advancing, 300 declining, and 965 remaining unchanged.
Liquidity improved compared to the previous session, with the trading volume of the VN-Index reaching more than 318 million units, equivalent to a value of nearly 7.5 trillion VND. The HNX-Index recorded a trading volume of nearly 27 million units, with a value of over 496 billion VND.
The divergent trend resulted in a relatively small impact on the performance of industry groups, with changes below 1%. The real estate sector led the market with a 0.66% gain, thanks to strong support from three Vingroup stocks: VHM (+1.89%), VIC (+1.32%), and VRE (+2.05%). However, several stocks faced selling pressure, including BCM (-1.52%), IDC (-0.81%), PDR (-0.23%), SIP (-0.93%), and SZC (-0.39%), among others. Following closely were the energy and telecommunications services sectors, which rose by 0.5% and 0.36%, respectively.
Financial stocks also exhibited mixed performances. While many stocks posted gains, such as VPB (+2.4%), TCB (+0.67%), BID (+0.59%), PTI (+4.32%), and VND (+1.92%), some stocks like VCB, CTG, HDB, STB, SSB, BVH, and FTS traded less positively, weighing down the index.
On the declining side, the information technology and consumer goods sectors lagged, with several large-cap stocks influencing the performance, including FPT (-0.75%), CMG (-0.56%); VNM (-1.47%), MSN (-0.64%), MCH (-1.2%); and PNJ (-2.66%), FRT (-1.51%), respectively.
Foreign investors maintained their net selling trend, with a net sell value of nearly 370 billion VND on the HOSE exchange. HPG was the most net-sold stock, with a net sell value of nearly 87 billion VND. On the HNX exchange, foreign investors net sold nearly 39 billion VND, focusing their sales on PVS stock, with a net sell value of over 12 billion VND.
10:40 am: VN-Index approaches 1,290 points amid a tug-of-war
Short-term profit-taking pressure resurfaced, causing the main indices to fluctuate around the reference level. As of 10:30 am, the VN-Index gained 1.51 points, trading around 1,286 points. Meanwhile, the HNX-Index rose 0.66 points, hovering around 240 points.
The buying and selling sides among the VN30 basket of stocks were relatively balanced. Specifically, VPB, VIC, VHM, and VRE contributed 1.7 points, 0.52 points, 0.39 points, and 0.23 points to the overall index, respectively. Conversely, FPT, VNM, VCB, and HDB faced selling pressure, deducting more than 2.5 points from the index.
Source: VietstockFinance
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Among the sectors supporting the indices, the energy sector posted a modest gain of 0.39%. Buying interest mainly focused on major oil and gas stocks, including PVS, which rose 0.99%, PVC up 1.48%, and notably, BSR, which climbed 0.84% after news emerged that this “giant” oil and petrochemical company had submitted a listing application to list 3.1 billion BSR shares on the HOSE on August 21, 2024.
With a market capitalization of up to 74,700 billion VND (ranking 21st compared to companies listed on the HOSE as of August 16, 2024), if approved for the transfer to the HOSE, BSR is expected to become a blue-chip stock and potentially enter the VN30 basket in the near future. The arrival of this high-quality “blockbuster” stock is anticipated to attract additional investment capital into the stock market from individual and institutional investors, both domestic and foreign.
Source: VietstockFinance
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The financial sector narrowed its morning gains and turned slightly negative, impacting the overall index. However, due to divergent performances, the number of advancing stocks still outnumbered declining ones. Notably, VPB rose 1.87%, TCB gained 0.45%, VIB climbed 0.27%, and SHB advanced 0.47%… Meanwhile, stocks like SSB, CTG, HDB, and VCB continued to face selling pressure but recorded only minor losses.
Compared to the opening, the market maintained its divergence, with over 1,000 stocks trading around the reference price, but the buying side held a slight advantage. There were 314 advancing stocks and 263 declining stocks.
Source: VietstockFinance
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Opening: Green Dominates Most Sectors
At the start of the August 26 session, as of 9:40 am, the VN-Index rose over 2 points to 1,287.73 points. Similarly, the HNX-Index also edged slightly above the reference level, reaching 241 points.
Green dominated the VN30 basket, with 19 advancing stocks, 9 declining stocks, and 2 unchanged stocks. Among the gainers, SAB, VIC, and VRE stood out with strong upward momentum. On the other hand, SSB, BVH, and VNM experienced minor losses of 1%, 0.76%, and 0.93%, respectively.
As of 9:40 am, the energy sector posted impressive growth, with several stocks witnessing buying interest from the opening bell, including PVD (+0.72%), PVS (+1.24%), BSR (+0.84%), PVC (+1.48%), and PVB (+1.03%).
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