Although the VN-Index only gained slightly by 3.24 points (+0.25%) in the morning session, it remained above the reference line for the entire time, and the breadth showed that gainers outnumbered losers. This was a result of buying pressure accepting higher price levels. Blue-chips are leading the way in terms of both index and liquidity, accounting for more than half of the market.
The trading dynamics continue to exhibit constant fluctuations, and the morning session was no exception. At its peak, the VN-Index rose 4.8 points above the reference line, while at its lowest, it was up just over 1 point. Thus, the amplitude of oscillations was quite narrow, and at its weakest, 192 stocks were in the green versus 136 in the red, indicating a predominantly tug-of-war state on the green territory.
This is a positive development considering the ups and downs of previous sessions, which included moments of falling below the reference line. Currently, buying pressure is accepting higher prices, and selling pressure is not evident at red price levels. The VN-Index closed the morning session with 218 gainers and 134 losers, with the liquidity of the gaining side accounting for 67% of the total trading volume on the exchange.
In terms of index points, the blue-chip VN30 is clearly leading the way. The VN30-Index ended the session up 0.41%, while Midcap and Smallcap rose 0.34% and 0.36%, respectively. Of the blue-chips, 16 stocks advanced while 11 declined, and their trading volume accounted for approximately 55.7% of the total trading volume on the HoSE. Excluding three stocks, MWG, which fell 1.53%, SSI down 0.91%, and HDB down 0.92%, all other blue-chips with liquidity exceeding 100 billion VND in the VN30 basket posted gains. Additionally, nine out of the ten stocks that contributed the most to the VN-Index’s gain belonged to this basket.
However, in terms of amplitude, the VN30 group contributed only four stocks to the group of gainers with an increase of more than 1%: ACB (+1.96%), HPG (+1.96%), VHM (+1.56%), and MSN (+1.33%). The HoSE still had 58 stocks that rose more than 1%, mostly from the mid- and small-cap groups, but these stocks had a minor impact on the index. Several stocks witnessed robust trading and strong buying interest: DBC (+1.88%) with a trading volume of 221.6 billion VND, VTP (+6.41%) with 186.3 billion VND, KBC (+1.99%) with 121.4 billion VND, and HAH (+1.45%) with 113.3 billion VND. Other stocks, including QCG, SGR, CTR, BMC, SZC, DPG, and KSB, had significantly lower liquidity but posted gains of over 2%.
At present, the amplitude of the VN-Index’s rise is not sufficient to stimulate a highly enthusiastic state. In fact, the index does not necessarily reflect the full picture of stock transactions, but when the VN-Index rises sharply, investors always feel more excited. This morning, the decline of VCB (-0.55%), BID (-0.1%), GAS (-0.28%), and VNM (-0.44%) significantly hindered the index’s performance. CTG, TCB, and VPB, which are banking pillars, also lacked strength.
Nevertheless, due to a significant reduction in selling pressure, especially as investors are reluctant to sell at red prices, stock price support is relatively favorable. At the end of the session, the VN-Index still had 134 stocks in the red, but most of them oscillated within a very narrow range, and only 39 stocks declined by more than 1%. The liquidity of this group accounted for less than 10% of the market, with most of it concentrated in MWG, which traded 540.3 billion VND and fell by 1.53%.
Foreign investors are also stepping up their investments, with total buying value on HoSE increasing by 60% compared to yesterday morning, reaching 751.8 billion VND. The selling value also increased by about 30% to 829.4 billion VND, resulting in a slight net sell-off of 77.6 billion VND. The largest selling transactions were in MWG (-123.7 billion VND), STB (-48.2 billion VND), HDB (-47.6 billion VND), SSI (-44 billion VND), VPB (-32.2 billion VND), CTG (-28.3 billion VND), and PVD (-23.6 billion VND). Notable buying transactions included HPG (+111.7 billion VND), TCB (+82.3 billion VND), DBC (+42.8 billion VND), and VTP (+20.2 billion VND).
