The market rally’s slip-up is no longer a significant event for investors. All attention is now on the Q3 earnings season, with forecasts of outstanding growth compared to the previous year and higher than the previous quarter’s increase. The VN-Index opened positively, and despite occasional dips, it closed with a strong gain of nearly 10 points, approaching the 1,281 price level.
The breadth was impressive, with 255 gainers and 114 losers. Except for the energy sector, which faced adjustment pressure, most other sectors breathed a sigh of relief. Large-cap real estate stocks performed well, with notable gainers such as VHM, up 2.16%; VIC, up 1.71%; DXG, up 1.31%; SZC, up 3.44%; and KBC, up 1.62%.
Familiar names in the banking sector included ACB, up 2.94%; STB, up 1.34%; MBB, up 1.59%; and TCB, up 1.02%, accompanied by VPB and CTG. In the transportation sector, VTP saw active trading from the start, closing at the ceiling price, while HVN gained 3.19%, ACB rose 6.55%, and HAH climbed 1.57%. The materials sector benefited from news about anti-dumping duties on imported steel, boosting HPG.
The top stocks driving the market today were VHM, HPG, ACB, BID, MSN, VIC, and FPT, contributing a total of 5.81 points to the overall market. Bottom-fishing momentum continued to strengthen, with matched transactions on three exchanges reaching 18.8 trillion VND, higher than the previous day’s volume.
Foreign investors sold a net amount of 142.9 billion VND, and their net selling value in matched transactions was 15.2 billion VND. Their main net buying sectors in matched transactions were Basic Resources, Food and Beverage. The top net bought stocks by foreigners in matched transactions were HPG, TCB, FPT, DBC, VHM, VNM, FRT, VTP, EIB, and VCI.
On the selling side, foreigners net sold the Banking sector in matched transactions. The top net sold stocks by foreigners in matched transactions were VPB, MWG, HDB, CTG, STB, SSI, VCB, PLX, and BID.
Individual investors net sold 71.3 billion VND, including 148.1 billion VND in net selling value in matched transactions.
In matched transactions, they net bought 7 out of 18 sectors, mainly the Banking sector. Their top net bought stocks included VPB, HDB, STB, VNM, VCB, SSI, CTG, MBB, PVD, and MSN.
On the net selling side in matched transactions, they net sold 11 out of 18 sectors, mainly Basic Resources and Industrial Goods & Services. Their top net sold stocks included HPG, TCB, DBC, VHM, HAH, FPT, FRT, MWG, and EIB.
Proprietary trading accounts net bought 53.8 billion VND, and their net buying value in matched transactions was 143.1 billion VND.
In matched transactions, proprietary trading accounts net bought 12 out of 18 sectors. The sectors with the highest net buying value were Retail and Industrial Goods & Services. The top net bought stocks by proprietary trading accounts today were MWG, HAH, HPG, VHM, FPT, DPR, DBC, BVH, NLG, and HDB. On the net selling side, the Banking sector dominated. The top net sold stocks included VPB, VNM, STB, SSI, TPB, EIB, CTG, SAB, ACB, and SSB.
Domestic institutional investors net bought 63.7 billion VND, and their net buying value in matched transactions was 20.1 billion VND.
In matched transactions, domestic institutions net sold 12 out of 18 sectors, with the highest net selling value in Food and Beverage. Their top net sold stocks were TCB, VNM, MBB, VCB, MSN, NLG, VIX, FPT, ACB, and VGC. On the net buying side, the sector with the highest net buying value was Basic Resources. The top net bought stocks were 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 today included VIC, with over 5.7 million shares worth 236.4 billion VND traded 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 Banking, Retail, Food & Beverage, Agriculture & Fisheries, Software, and Courier sectors, while it decreased in Securities, Real Estate, Steel, Chemicals, and Oil & Gas.
In matched transactions, the money flow allocation increased in the large-cap VN30 sector while decreasing in the mid-cap VNMID and small-cap VNSML sectors.
The Flow of Funds: Will the Market Break Through After Consecutive Failures at the 1300-Point Peak?
Over the past five trading sessions, the VN-Index has witnessed two attempts to breach the 1300-point mark, yet it fell short of success. The notable surge in trading volume during these failed attempts leaves a vivid impression of distribution activities.
The Savvy Investor’s Take: Unraveling the HPG Sell-Off
Individual investors sold a net amount of 71.3 billion VND, including 148.1 billion VND in matched orders. The top stocks sold were HPG, TCB, DBC, VHM, HAH, FPT, FRT, MWG, and EIB.
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 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.
