Although the VN-Index only slightly increased by 3.24 points (+0.25%) by the end of this morning’s session, it remained above the reference level for the entire period, with the breadth of the market showing a dominant uptrend. This is a result of buying pressure accepting higher price levels. Blue-chips are leading the way in terms of both index points 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 level, while at its lowest, it was up by just over 1 point. Thus, the amplitude of oscillations was relatively narrow, and even at its weakest, the breadth showed a predominance of advancing stocks, with 192 gainers and 136 losers, indicating a tug-of-war between supply and demand in the green zone.
This dynamic is quite positive when compared to the previous sessions’ ups and downs, which included dips below the reference level. Currently, buying pressure is accepting higher prices, and selling pressure is not significantly present at lower price levels. The VN-Index closed the morning session with 218 gainers and 134 losers, and the liquidity of the advancing stocks accounted 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 with a 0.41% gain, while the Midcap and Smallcap indices rose 0.34% and 0.36%, respectively. Out of the blue-chip basket, 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 blue-chips with liquidity exceeding 100 billion VND in the VN30 basket rose in price. Furthermore, out of the top 10 stocks contributing the most points to the VN-Index, nine were from this basket.
However, in terms of amplitude, the VN30 group contributed only four stocks to the group of gainers with increases 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 from the mid-cap 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 trading volume of 221.6 billion VND; VTP, up 6.41% with a volume of 186.3 billion; KBC, up 1.99% with a volume of 121.4 billion; and HAH, up 1.45% with a volume of 113.3 billion. Stocks like QCG, SGR, CTR, BMC, SZC, DPG, and KSB had significantly lower liquidity but still 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 the market. In fact, while the index does not necessarily reflect the full picture of individual stock movements, a strong upward trend in the VN-Index typically boosts investor confidence. This morning, declines in VCB (-0.55%), BID (-0.1%), GAS (-0.28%), and VNM (-0.44%) significantly weighed down the index. Additionally, CTG, TCB, and VPB, which are banking pillars, lacked strength.
Nevertheless, due to a significant reduction in selling pressure, especially as investors are reluctant to sell at lower prices, stock price support has become more feasible. At the end of the session, the VN-Index still had 134 stocks in the red, but most of these movements were relatively narrow. Only 39 stocks declined by more than 1%, and their trading volume accounted for less than 10% of the market. In fact, the majority of this selling pressure was concentrated in MWG, which traded 540.3 billion VND in value and fell by 1.53%.
Foreign investors are also showing improved participation, with total buying value on the HoSE increasing by 60% compared to yesterday morning, reaching 751.8 billion VND. The selling value also increased by about 30%, amounting 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).
