A surge in trading activity this morning boosted the matched liquidity of the two exchanges by 34% compared to yesterday morning, with the breadth indicating a widespread upward trend across the boards. However, the money flow was not evenly distributed and was concentrated on a group of strong stocks. FPT and MSN received enormous buying interest from both domestic and foreign investors, accounting for 23.2% of the total matched value on the HoSE exchange and nearly 37% of the VN30 basket.
The money flow is targeting stocks that are expected 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 the HoSE exchange had 201 rising stocks and 135 falling ones, only 45 stocks in the rising group had gains of more than 1%. FPT and MSN were the most prominent in terms of trading activity.
FPT closed this morning’s session at 140,900 VND, officially setting a new all-time high with a 4.06% increase from the reference price. The blue-chip’s liquidity reached 1,032.2 billion VND, equivalent to nearly 7.41 million shares changing hands, the highest trading threshold since the beginning of September. Foreign investors bought 2.25 million units, accounting for over 30% of the total trading volume. The net buying value reached 286.4 billion VND.
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 VND, equivalent to 13.9 million units. MSN rose 3.51%. About 4.6 million shares were bought by foreign investors this morning, accounting for one-third of the total trading volume, with a corresponding net value of 267.1 billion VND.
FPT is currently the third-largest capitalization stock of the VN-Index, with MSN smaller in size, ranking 15th. Nevertheless, the strong upward momentum has had a positive impact on the index, with these two stocks contributing about three points to the index’s total increase of 7.84 points this morning. In terms of liquidity, compared to yesterday morning, MSN and FPT increased by about 1,875 billion VND in matched orders, implying that the increase in liquidity of the HoSE floor and the VN30 basket was thanks to these two stocks. Specifically, the increase in MSN and FPT’s liquidity accounted for 76% of the HoSE floor’s liquidity increase and 93% of the VN30 basket’s liquidity increase.
In addition to the above-mentioned prominent blue chips, the market also witnessed quite a few stocks trading positively, although liquidity did not see a similar breakthrough. DGC, SSI, HDB, FRT, VNM, CMG, LPB, etc., are all stocks with strong price increases on a large liquidity background. The remaining strongest gainers belonged to the medium and small-cap groups, with low liquidity, such as VFG, APG, CNG, HAG, and LHG…
The VN-Index closed the morning session up 7.84 points, or 0.61%. This is not the best gain for the index, as it rose nearly 21.3 points (+0.97%) during the session. In the second half of the session, the upward momentum slowed down and weakened slightly due to increased profit-taking. Several pillars retreated, with VCB falling 1.29% from its peak, closing the morning session up 0.88%; VHM fell 1.17%, reversing to a slight loss of 0.24%; BID fell 0.9% to a 0.1% gain; CTG fell 1.09% to a 0.42% gain; HPG fell 0.9%, reversing to a 0.18% loss; TCB fell 0.6% to a 0.81% gain; and GAS fell 0.41% to a 0.83% gain. These are all pillars in the Top 10 market capitalization. FPT and MSN also retreated, with FPT giving back 0.28% and MSN nearly 1%.
The strong and sudden upward movement may encourage investors to sell more. In fact, the 1300-point threshold is still a nightmare for many people, and the VN-Index peaked at 1,294.33 points this morning. However, the buying power is also very impressive, especially with the performance of MSN and FPT. The matched liquidity of the two exchanges increased by 34% compared to yesterday morning, reaching 9,587 billion VND, the highest in the last five morning sessions. On the other hand, the supporting buying force also maintained a very good price correlation, with the HoSE floor still having 201 gainers and 135 losers. Almost all the losers were very light, and among the 30 stocks falling by more than 1%, only D2D had slightly higher liquidity than the rest, matching 21.8 billion VND at a price of 1,970 VND. As for CTF, TCO, BMP, and DVP, which had the highest trading volume after D2D, they only matched a few billion each.
Foreign investors this morning disbursed a strong increase of 1,173.2 billion VND on HoSE, of which they net bought 413.7 billion VND. This is the highest disbursement threshold in five weeks. The buying focused on FPT and MSN, with additional TCB of 93.2 billion. The selling side included STB -42.7 billion, VPB -26.5 billion, VHM -26.2 billion, and MWG -20.8 billion.
