The market rally’s slip-up is no longer a significant event for investors. All attention is now on the Q3 earnings season, with exceptional growth forecasts compared to the same period last year and higher than the previous quarter’s increase. The VN-Index opened positively, and despite occasional dips, it closed strongly, gaining nearly 10 points to reach the 1,281 level.
Breadth was impressive, with 255 gainers and 114 losers. Except for energy, which faced adjustment pressure, most sectors breathed a sigh of relief. Large-cap real estate stocks performed well, with notable gainers like VHM, up 2.16%; VIC, up 1.71%; DXG, up 1.31%; SZC, up 3.44%; and KBC, up 1.62%.
Banks, as usual, took center stage, with ACB up 2.94%; STB, 1.34%; MBB, 1.59%; and TCB, 1.02%. They were joined by VPB and CTG. The transportation sector saw VTP actively trading from the start, closing at the ceiling price, while HVN gained 3.19%, and ACB rose 6.55%. Materials benefited from news about anti-dumping duties on imported steel, with HPG soaring.
Today’s top performers, contributing 5.81 points to the market, included VHM, HPG, ACB, BID, MSN, VIC, and FPT. Bottom fishing strengthened, with matched orders across three exchanges reaching 18,800 billion VND, higher than the previous day’s volume.
Foreign investors sold a net 142.9 billion VND, with a net sale of 15.2 billion VND in matched orders. Their main net purchase in matched orders was in Basic Resources, Food & Beverages, and included HPG, TCB, FPT, DBC, VHM, VNM, FRT, VTP, EIB, and VCI.
On the selling side, their main net sale in matched orders was in Banks, including VPB, MWG, HDB, CTG, STB, SSI, VCB, PLX, and BID.
Individual investors sold a net 71.3 billion VND, with a net sale of 148.1 billion VND in matched orders. In matched orders, they bought seven out of 18 sectors, mainly Banks. Their top buys included VPB, HDB, STB, VNM, VCB, SSI, CTG, MBB, PVD, and MSN.
On the selling side, they sold 11 out of 18 sectors in matched orders, mainly Basic Resources and Industrials. Their top sales included HPG, TCB, DBC, VHM, HAH, FPT, FRT, MWG, and EIB.
Proprietary trading bought a net 53.8 billion VND, with a net purchase of 143.1 billion VND in matched orders. In matched orders, proprietary trading bought 12 out of 18 sectors, with the strongest being Retail and Industrials. Their top buys in matched orders were MWG, HAH, HPG, VHM, FPT, DPR, DBC, BVH, NLG, and HDB. On the selling side, Banks led, with VPB, VNM, STB, SSI, TPB, EIB, CTG, SAB, ACB, and SSB being sold.
Domestic institutions bought a net 63.7 billion VND, with a net purchase of 20.1 billion VND in matched orders. In matched orders, they sold 12 out of 18 sectors, with the largest value being Food & Beverages. Their top sales in matched orders included TCB, VNM, MBB, VCB, MSN, NLG, VIX, FPT, ACB, and VGC. On the buying side, their largest net purchase in matched orders was in Basic Resources, including VPB, HPG, VIB, DBC, STB, VHM, PLX, HSG, HAH, and TPB.
Block trades today reached 1,310.4 billion VND, up 55.8% from the previous session, contributing 7.0% of the total trading value.
Noteworthy block trades occurred in VIC, with over 5.7 million shares worth 236.4 billion VND changing hands between individual investors. Additionally, there was a block trade of 4.8 million HDB shares (valued at 129.6 billion VND) between domestic institutions.
Money flow allocation increased in Banks, Retail, Food & Beverages, Agriculture, Software, and Courier Services, while decreasing in Securities, Real Estate, Steel, Chemicals, and Oil & Gas.
In matched orders, money flow allocation increased in large-cap stocks (VN30) and decreased in mid-cap (VNMID) and small-cap (VNSML) stocks.
The Ever-Rising Bridge Tolls: A Costly Commute
Although the VN-Index only slightly increased by 3.24 points (+0.25%) during the morning session, the index traded above the reference level for most of the time, with a positive market breadth. This is a result of buying power pushing the market to higher price levels. Blue-chips are leading the gains and dominating market liquidity, accounting for more than half of the total trading volume.
Stock Market Blog: Short-Term Psychology Returns, Mid and Small-Cap Stocks Underperform
The enthusiastic upward momentum in the morning triggered short-term profit-taking trades in the afternoon, creating noticeable pressure. The VNI once again climbed close to the 1300 mark, and a defensive stance emerged.
The Savvy Investor’s Take: Unraveling the HPG Sell-Off
Individual investors sold a net 71.3 billion VND, including 148.1 billion VND in matched orders. Top stocks sold included HPG, TCB, DBC, VHM, HAH, FPT, FRT, MWG, and EIB.
The Flow of Funds: Consecutive Failures at the 1300-Point Peak, Is There Still a Chance for a Breakthrough?
Over the past five trading sessions, the VN-Index has witnessed two attempts to breach the 1300-point mark, yet it failed to sustain this level. The notable surge in trading volume during these failed attempts leaves a stark impression of distribution activities.
The Market Beat: Energy Stocks Fail to Prop Up the Index, VN-Index Still in the Red
The market closed with the VN-Index down 4.36 points (-0.34%) to 1,287.84, while the HNX-Index fell 1 point (-0.42%) to 235.05. Bears dominated today’s session, with 440 declining issues versus 248 advancing issues. The large-cap VN30-Index painted a mixed picture, as 19 stocks lost ground, 10 tickers climbed, and 1 stock stayed flat.
