The market got off to a slow start this morning but soon picked up pace thanks to a rapid shift in money flow. Yesterday’s session signaled an end to short-term profit-taking, encouraging more aggressive disbursement of new money. The total matched orders on the two listed exchanges reached nearly VND 11,700 billion this morning, a 2.7-fold increase compared to yesterday morning and the highest in six weeks.
Leading the market in both price gains and liquidity were the traditional “trio”: Banks, securities, and steel. Of the 10 stocks driving the VN-Index this morning, seven were banks, along with HPG from the steel group and SSI from the securities group. Only MSN was out of sync. Furthermore, in the top 10 stocks by liquidity, there were two steel stocks, HPG and HSG; three securities stocks, SSI, HCM, and VCI; and four bank stocks, MBB, VPB, TCB, and STB.
Out of the 27 listed bank stocks, only NAB was in the red, down 1.14%, while 14 others rose over 1%. Nine of these were in the VN30 basket. VCB, up 1.64%, was the strongest puller, followed by BID, which gained 1.93%. In terms of gains, MSB led with a 3.02% increase. HPG ranked third among the pillars, rising 1.74%, while other steel stocks with slightly smaller market caps also performed well: HSG rose 2.98%, and NKG increased by 2.84%…
The securities stocks followed a similar pattern, with only SSI, up 3.01%, having a liquidity advantage. HCM and VCI gained 3.26% and 2.61%, respectively, while several smaller stocks also showed strength. The VN-Index ended the morning session up 0.81% (+10.36 points) with a dominant market breadth of 274 gainers versus 107 losers. Ninety-one stocks in the gainers’ group rose more than 1% compared to the reference price, and their liquidity contributed to 67.7% of the total matched orders on the HoSE. Trading on this exchange also increased 2.7-fold compared to yesterday morning, reaching nearly VND 10,875 billion. Thus, the upward movement was supported by a broad-based improvement in price gains, liquidity, and market breadth.
Of course, the blue-chips remained the primary driver of this rally. The VN30-Index rose 0.85% with 22 gainers and six losers. This basket contributed 13 stocks that increased by more than 1%. Their liquidity also accounted for 51.1% of the entire HoSE. Seven of the top 10 stocks by liquidity in the market were from this blue-chip group. The VN30-Index closed the morning session at 1,324.19 points, surpassing its highest level in 2024, while the VN-Index still has a significant distance to go.
The rest of the market also benefited significantly. Midcaps rose 0.91%, while small caps increased by 0.53%. Several mid-cap stocks witnessed active trading with impressive gains, such as EVF, which climbed 5.63% with a matched order of VND 103.8 billion; HCM, up 3.26% with VND 297.9 billion; VIX, rising 3.07% with VND 193.5 billion; MSB, gaining 3.02% with VND 191.5 billion; BCG, increasing 2.99% with VND 39.6 billion; HSG, up 2.98% with VND 330.2 billion; and NKG, which rose 2.84% with VND 157.4 billion. CTS also saw a 2.73% gain with VND 65 billion…
The laggards were mostly less important stocks. Six stocks in the VN30 basket were in the red, but their declines were mild. The most notable were VNM, VJC, and BVH, which fell by 0.57% each. Mid and small caps dominated the losers’ group, but there weren’t many stocks that experienced a sell-off. VTP decreased by 2.25% with a liquidity of VND 28.7 billion; KDC fell 1.36% with a matched order of VND 26.9 billion; SHI dropped 1.35% with VND 9.2 billion; NAB declined 1.14% with VND 22.1 billion; and VPG decreased by 1.06% with VND 8 billion, standing out slightly from the rest.
Foreign investors net bought slightly on the HoSE and HNX, UPCOM this morning, with a value of VND 41.9 billion, over VND 16 billion, respectively. There weren’t many standout stocks on the buying side, with SSI (+VND 57.1 billion), TCB (+VND 41.6 billion), VCI (+VND 28.4 billion), HCM (+VND 24.4 billion), VIX (+VND 20.1 billion), and the fund certificate FUEVFVND (+VND 29.3 billion) leading the way. On the selling side, a few stocks stood out: HPG (-VND 42.5 billion), STB (-VND 29.1 billion), VPB (-VND 27.5 billion), VND (-VND 23 billion), and VNM (-VND 22.2 billion).
The highlight of the morning session was the significant increase in liquidity. In the past two months, the HoSE has only witnessed four morning sessions with matched orders exceeding VND 10,000 billion. The combination of increased liquidity and positive price movements in stocks and across the board indicates a highly enthusiastic money flow.
