A surge in trading activity this morning boosted liquidity in the two exchanges by 34% compared to yesterday morning, with the breadth indicating a widespread rise in stock prices. However, the money flow was not evenly distributed and was concentrated on a select group of stocks. FPT and MSN attracted enormous buying interest from both domestic and foreign investors, accounting for 23.2% of the total matched orders on the HoSE and nearly 37% of the VN30 basket.
The money is chasing stocks that are anticipated to report breakthrough business results for Q3 2024. Most of the stocks that surged this morning had their profits projected by securities companies in advance. Although there were 201 gainers and 135 losers on the HoSE, only 45 stocks rose by more than 1%. FPT and MSN stood out with their remarkable performance.
FPT closed the morning session at 140,900 dong, officially reaching a new all-time high with a 4.06% gain compared to the reference price. The blue-chip’s liquidity reached 1,032.2 billion dong, equivalent to nearly 7.41 million shares changing hands, the highest trading volume since the beginning of September. Foreign investors purchased 2.25 million units, accounting for over 30% of the total trading volume. The net buying value amounted to 286.4 billion dong.
While MSN did not receive as much net buying from foreign investors as FPT, it was the stock with the highest liquidity in the market this morning, reaching 1,100.8 billion dong, equivalent to 13.9 million units. MSN’s share price increased by 3.51%. Approximately 4.6 million shares were bought by foreign investors, constituting one-third of the total trading volume, with a corresponding net value of 267.1 billion dong.
FPT is currently the third-largest capitalization stock in the VN-Index, while MSN is smaller, ranking 15th. Nonetheless, the substantial increase in their share prices had a positive impact on the index, with the two stocks contributing approximately three points to the index’s total gain of 7.84 points this morning. In terms of liquidity, compared to yesterday morning, MSN and FPT witnessed an increase of approximately 1,875 billion dong in matched orders, implying that the rise in liquidity on the HoSE and in the VN30 basket was largely driven by these two stocks. Specifically, the increase in liquidity of MSN and FPT accounted for 76% of the HoSE’s liquidity growth and 93% of the VN30’s liquidity improvement.
Aside from the aforementioned prominent blue-chips, the market also witnessed several stocks with positive trading dynamics, albeit without a similar surge in liquidity. DGC, SSI, HDB, FRT, VNM, CMG, and LPB all experienced significant price increases on relatively high trading volumes. The remaining stocks with the strongest gains belonged to the small and mid-cap groups and had low liquidity, such as VFG, APG, CNG, HAG, and LHG…
The VN-Index closed the morning session with a gain of 7.84 points, or 0.61%. This was not the best performance for the index, as it had risen by nearly 21.3 points (+0.97%) intra-day. In the latter half of the session, the upward momentum eased slightly due to profit-taking activities. Several large-cap stocks witnessed price declines, including VCB, which lost 1.29% from its peak, closing the morning session with a 0.88% gain. VHM reversed into a slight loss of 0.24%, down 1.17%. BID fell by 0.9%, ending with a 0.1% increase. CTG dropped by 1.09%, closing with a 0.42% gain. HPG declined by 0.9%, reversing into a 0.18% loss. TCB fell by 0.6%, but still managed a 0.81% increase. GAS slipped by 0.41%, closing with a 0.83% gain. These stocks are all among the Top 10 market capitalization. FPT and MSN also retreated, with FPT giving back 0.28% and MSN almost 1%.
The sharp rise in stock prices may encourage investors to sell more. In fact, the 1300-point level remains a haunting memory for many. The VN-Index touched an intra-day high of 1,294.33 points this morning. Nevertheless, the buying power was also impressive, particularly inspired by the performance of MSN and FPT. The liquidity of the two exchanges increased by 34% compared to yesterday morning, reaching 9,587 billion dong, the highest in the past five morning sessions. Moreover, the supporting buying force maintained a good price correlation, with the HoSE still having 201 gainers versus 135 losers. Almost all the losers declined slightly, and among the 30 stocks that fell by more than 1%, only D2D had slightly higher liquidity, matching 21.8 billion dong at 1.97 dong per share. As for CTF, TCO, BMP, and DVP, which had the highest trading volume after D2D, their trading volume was only a few billion dong.
Foreign investors significantly increased their investment this morning, with a net purchase of 413.7 billion dong on the HoSE, reaching a five-week high of 1,173.2 billion dong. The buying focused on FPT and MSN, with additional purchases in TCB worth 93.2 billion dong. On the selling side, STB, VPB, VHM, and MWG witnessed net selling, with values of -42.7 billion dong, -26.5 billion dong, -26.2 billion dong, and -20.8 billion dong, respectively.
