Rumors of an early conclusion to the amendment of foreign institutional margin trading regulations sparked intense trading in securities stocks this morning. In fact, the entire market rose thanks to active buying, pushing prices higher. The liquidity of the two matched orders surged to the highest level in 13 sessions…
The market was stagnant for the first 30 minutes of today’s trading session, but then the money flow seemed to be unleashed, pouring in with great intensity. The liquidity of the VN30 basket even doubled yesterday’s morning trading volume, with many blue chips surging, pushing the VN-Index higher. The index closed the morning session at 1270.97 points, up 12.02 points or +0.95%.
Securities stocks did not contribute much to the index due to limited market capitalization, but they were the most active. The news about the possibility of applying the pre-transaction margin regulations once again stirred investors’ interest in this group. SSI and HCM had extremely high liquidity and were among the top 10 most traded stocks, along with FPT and VCI. FTS was also in the top 20. Not only that, these stocks performed well: HCM rose 5.86% with a matching value of 494.8 billion VND; SSI increased by 3.06% with a matching value of 492.6 billion VND; VCI rose by 1.76% with a matching value of 179 billion VND; FTS increased by 2.13% with a matching value of 123 billion VND. All securities stocks were in the green, with 17 stocks rising over 2% and about 10 others rising between 1% and 2%.
With 52% of the total matched value on the HoSE floor this morning focused on the VN30 basket, the blue-chip group is attracting impressive investment flows. The VN30-Index rose 0.94% with 26 gainers and only 2 losers. Many large caps surged, including VCB up 1.44%, BID up 1.13%, FPT up 1.43%, CTG up 3.58%, VHM up 1.36%, and TCB up 1.32%. These are all among the top 10 stocks by market capitalization on the VN-Index. The only decliners were SHB and BCM, which had minimal impact.
The strength of the index is being bolstered by the blue-chip group, and this easily explains the margin of increase over the past two sessions. Yesterday, the VN-Index gained nearly 19.7 points, and this morning it added more than 12 points. In just 1.5 sessions, it recovered the losses of the previous six sessions.
Of course, mid- and small-cap stocks also benefited from the strong index gains. Midcap closed the morning session up 0.77%, while Smallcap rose 0.68%, with many stocks posting strong gains. The HoSE floor recorded 94 stocks rising over 1%. HCM and VCI were among the top performers, but there were also CTR up 6.98% with a liquidity of 125.5 billion VND; PDR up 1.61% with a matching value of 123.7 billion VND; VIX up 1.33% with 94 billion VND; VND up 2.06% with 92 billion VND; VTP up 5.25% with 88.9 billion VND; and DXG up 1.61% with 81.8 billion VND… The group of stocks with high gains and lower liquidity includes FIT, IMP, TSC, VDS, and HVH, all up more than 4%.
The market’s performance this morning gradually picked up speed and broke out when it gained momentum. The tug-of-war lasted until around 10:30 am before a clear change occurred. In the first half of the session, there were times when the VN-Index was in the red. However, this was mainly due to the influence of some large caps, such as VCB, which fell by 0.88%, VIC down 0.5%, and HPG down 0.59%… At its weakest, the VN30 basket had only 6 gainers. The drag from these large caps affected the VN-Index, but the breadth indicated that trading was not bad. When the VN-Index hit its intraday low, down more than 1 point, the breadth was still 146 gainers and 109 losers. By 10:30 am, the green side had completely dominated, with 218 gainers and only 101 losers. At the morning close, the HoSE floor had 272 gainers and only 85 losers.
Liquidity on this exchange doubled yesterday’s level, reaching approximately 7,739 billion VND, the highest in 18 sessions. Including HNX, the matched orders on the two exchanges totaled 8,243 billion VND, up 92%. Clearly, there is a significant change in money flow, from a hesitant wait-and-see attitude yesterday to a strong chase for prices today. Compared to yesterday’s afternoon session, this morning’s trading volume on the two exchanges also increased by 16%.
Foreign investors continued to be net buyers. HoSE received a net buy value of 219.7 billion VND, with a total buy value of about 1,021 billion VND, the highest in 8 morning sessions. The stocks that were bought strongly included FPT (+88.2 billion VND), SSI (+58.4 billion VND), TPB (+40.4 billion VND), VCB (+35.4 billion VND), VNM (+28.8 billion VND), VHM (+27.7 billion VND), and TCB (+20.7 billion VND). On the selling side, VPB (-52.3 billion VND), KDH (-51.2 billion VND), CTG (-41.3 billion VND), and HPG (-31.1 billion VND) stood out.
The Foreign Buying Frenzy Continues: Institutional Investors Scoop Up 300 Billion Dong, Heavily Investing in Three Key Securities
On the HOSE, foreign investors recorded a net buy value of 311 billion VND.
