The Ho Chi Minh Stock Exchange (HoSE) witnessed continued vibrations in the 1300-point region, with stocks exhibiting a state of differentiation. While many stocks faced strong profit-taking pressure, the money flow remained relatively well-balanced, even among the pillar stocks. VIC and VHM emerged as the strongest performers among the large-cap stocks.
The positive momentum from global markets over the weekend contributed to a jump in the VN-Index shortly after the opening bell. The index reached its intraday high, gaining 5.1 points. However, it gradually retreated and hit its intraday low at 10:20 am, losing 0.87 points. By the end of the morning session, the index had recovered, posting a gain of 1.23 points (-0.18%).
Despite the fluctuations, the market maintained a relatively stable differentiation. Even at the weakest point for the VN-Index, the number of advancing stocks outnumbered the declining ones (180 vs 173). At the end of the morning session, the market breadth stood at 196 gainers and 188 losers.
The blue-chip basket, represented by the VN30-Index, displayed resilience with a 0.21% gain, comprising 15 gainers and 11 losers. Among the top 10 stocks by market capitalization, 6 posted gains while 4 suffered losses. Notably, VIC and VHM stepped up as new pillars, with VIC rising by 1.32% and VHM climbing by 1.89%. These two stocks helped counterbalance the weight of VNM, which fell by 1.47%, and CTG, which declined by 1%. The remaining stocks in the large-cap category experienced modest fluctuations.
The banking sector, which had been witnessing a decline in previous sessions, showed signs of differentiation. VPB stood out with a notable gain of 2.4%, and out of the 27 banking stocks, 13 finished in positive territory, although the gains were relatively modest. On the declining side, apart from CTG, there were no significant losers, despite VCB, the stock with the largest market capitalization in the market, slipping by 0.43%.
The securities sector failed to live up to the expectations generated by the anticipated removal of the “prefunding” requirement. SSI and HCM disappointed investors with meager gains of 0.3% and 0.17%, respectively. At their strongest, SSI and HCM rose by 1.19% and 1.74%, respectively, from their reference prices, but profit-taking pressure kept gains in check. On the other hand, VND and VCI, which were not expected to benefit as much, recorded solid gains of 1.92% and 1.16%, respectively. A few smaller securities firms, such as TVS, CSI, and BMS, managed to climb by over 1%, while the rest of the sector remained relatively subdued.
The overall market performance on the morning of August 26 was characterized by differentiation and balance, with no significant standout trades. Among the 196 advancing stocks on the VN-Index, only 59 posted gains of more than 1%, accounting for 23.2% of the total matching value on the HoSE. On the declining side, out of 188 stocks, 52 fell by more than 1%, accounting for 14.3% of the HoSE’s liquidity. This indicates that a large portion of stocks and money flow remained within a narrow fluctuation range.
Notable gainers included VPB, which rose by 2.4% with a turnover of VND 535.6 billion; VHM, which climbed by 1.89% with a turnover of VND 365.1 billion; VND, which increased by 1.92% with a turnover of VND 129.9 billion; VCI, which advanced by 1.16% with a turnover of VND 116.1 billion; and VRE, which gained 2.05% with a turnover of VND 113.1 billion. On the declining side, PNJ fell by 2.66% with a turnover of VND 322.5 billion; VNM dropped by 1.47% with a turnover of VND 201.8 billion; CTG declined by 1% with a turnover of VND 135.4 billion; and AAA slipped by 1.93% with a turnover of VND 57.3 billion…
The liquidity on the two exchanges also showed signs of improvement, with the total matching value reaching VND 7,989 billion, a nearly 36% increase compared to the previous morning session. The HoSE witnessed an increase of approximately 39%, with a matching value of VND 7,494.3 billion. This increase on the HoSE was largely driven by the VN30 stocks, which accounted for about 63% of the total increase on the exchange. VPB, VHM, HPG, MWG, VNM, SSI, and MSN all ranked among the top 10 stocks by market capitalization across the entire market.
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