Although the VN-Index only gained slightly by 3.24 points (+0.25%) by the end of this morning’s session, it remained above the reference line throughout, and the breadth showed that gainers outnumbered losers. This was a result of buying power 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 this morning was no exception. At its peak, the VN-Index rose 4.8 points above the reference line, and at its lowest, it was up by just over 1 point. Thus, the amplitude of fluctuations was relatively narrow, and the breadth, at its weakest, still showed 192 gainers and 136 losers, indicating a predominantly tug-of-war state on the green territory.
This is a positive development compared to the previous sessions’ ups and downs, which included dips below the reference line. Currently, buying power is accepting higher prices, and selling pressure is not significant at red levels. By the end of the morning session, the VN-Index had 218 gainers and 134 losers, with the liquidity of the gaining group accounting for 67% of the total trading volume on the exchange.
In terms of index points, the blue-chip VN30 group is clearly leading the way. The VN30-Index ended the session up 0.41%, while the Midcap and Smallcap indices rose 0.34% and 0.36%, respectively. Of the blue-chips, 16 stocks advanced while 11 declined, and their matching order liquidity accounted for approximately 55.7% of the total matching order value on the HoSE. Excluding three stocks, MWG, which fell 1.53%, SSI, down 0.91%, and HDB, down 0.92%, all blue-chips with liquidity exceeding 100 billion VND in the VN30 basket rose in price. Furthermore, nine of the ten stocks that contributed the most to the VN-Index’s gain were from 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%, namely ACB, up 1.96%, HPG, up 1.96%, VHM, up 1.56%, and MSN, up 1.33%. The HoSE still had 58 stocks that rose by more than 1%, mainly in the mid- and small-cap groups, but these stocks had a minor impact on the index. Many stocks witnessed robust trading and strong buying interest, including DBC, up 1.88% with a matching volume of 221.6 billion VND; VTP, up 6.41% with a matching volume of 186.3 billion VND; KBC, up 1.99% with a matching volume of 121.4 billion VND; and HAH, up 1.45% with a matching volume of 113.3 billion VND. Stocks such as QCG, SGR, CTR, BMC, SZC, DPG, and KSB had significantly lower liquidity but saw their prices rise by more than 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, declines in 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 losers, but most of these fluctuations were relatively narrow, with only 39 stocks falling by more than 1%, and their liquidity accounted for less than 10% of the market. In fact, most of this selling pressure was concentrated in MWG, which matched 540.3 billion VND in trading volume and fell by 1.53%.
Foreign investors are also showing improved net buying, with total buying value on HoSE increasing by 60% compared to yesterday morning, reaching 751.8 billion VND. 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).
