A spectacular derivatives expiry session. With pressure relieved, sentiment remained cautious throughout the morning, causing the index to continue its downward trend. However, as the afternoon progressed, buying momentum intensified, and the market staged a strong recovery, surging by 7 points to close at 1,286 points. The advance-decline ratio improved significantly, with 224 gainers dominating over 128 losers. The two large-cap groups, banks and real estate, led the index’s rebound, with the former experiencing a broad-based rally, except for HDB, which ended in the red. The remaining banks closed firmly in the green, including STB, LPB, MBB, TPB, and ACB. The large-cap real estate sector also witnessed a strong performance, with notable gainers such as VCB, BID, CTG, and TCB.
The real estate sector shone brightly, with numerous stocks hitting the daily limit-up, such as NHA, PDR, and DXG. Other notable gainers in the sector included CEO, DIG, NVL, HDC, and NLG, reinforcing the sector’s strength. The brokerage group also showcased its prowess, with SSI, VCI, VIX, VND, and MBS climbing by an average of 2%. No sector was left behind, as most other sectors painted a lush-green picture, including Materials, Software, Telecommunications, and Energy.
The market witnessed a substantial influx of funds, with combined trading volume across the three exchanges soaring to VND18,000 billion. Despite foreign investors’ net selling of VND418.8 billion, with VND359.3 billion net sold in the matched orders segment, the market remained resilient.
A deep dive into the foreign investors’ activities reveals that they focused their net buying on the Financial Services and Oil & Gas sectors in the matched orders segment. The top stocks that captured their interest included STB, MSN, DXG, VCI, EIB, SSI, BMP, DIG, NTL, and PLX. On the flip side, their net selling was concentrated in the Real Estate sector, with HDB, DBC, KDH, NLG, VHM, GMD, GVR, VNM, and FPT being the top stocks offloaded.
Individual investors displayed their confidence by net buying VND353.8 billion worth of shares, with a net purchase of VND603.9 billion in the matched orders segment. A sector-wise breakdown of their net buying activity in the matched orders segment reveals that they favored the Real Estate sector the most, followed by Financials and Energy. Their top stock picks included HDB, DBC, NLG, FPT, KDH, VIB, GVR, MSB, VHM, and TCB. On the selling front, they offloaded stocks primarily in the Basic Resources and Telecommunications sectors, with STB, VPB, DXG, EIB, MSN, SSI, BMP, NTL, and VCI being the top sold stocks.
Proprietary traders joined the buying frenzy, net buying VND261.7 billion worth of shares, although they net sold VND38.0 billion in the matched orders segment. In the matched orders segment, they focused their net buying on the Food & Beverage and Construction & Materials sectors. The top stocks that attracted their attention included VPB, VNM, MSN, MBB, PC1, VHM, PNJ, PAN, YEG, and HPG. Conversely, they offloaded bank stocks, with their top net sells comprising VIB, FPT, TCB, CTG, HDB, E1VFVN30, MWG, SHB, STB, and SSB.
Domestic institutional investors took a different stance, net selling VND211.2 billion worth of shares, with a net sell figure of VND206.5 billion in the matched orders segment. In the matched orders segment, they net sold across 15 out of 18 sectors, with the largest net sell observed in the Banking sector. The top stocks offloaded by domestic institutions included PLX, ACB, GVR, VRE, STB, POW, VCI, VNM, MBB, and PNJ. On the buying front, they focused on the Basic Resources sector, with their top purchases being HPG, EIB, DXG, VPB, BWE, HAH, GMD, KDH, GEX, and NAB.
The value of negotiated transactions surged to VND3,251.2 billion, a substantial increase of 85.6% compared to the previous session, contributing 17.5% to the total trading value. A notable negotiated trade occurred in MSB, with a foreign organization transacting 11.3 million shares worth VND152.6 billion.
Individual investors remained active in the Banking sector, with notable negotiated trades in STB, HDB, and SSB. They also participated in transactions involving FPT and GEX, indicating their interest in these sectors.
A sector-wise breakdown of the money flow reveals an increase in allocation to Real Estate, Banking, Securities, Steel, and Textiles. In contrast, sectors such as Construction, Chemicals, Food & Beverage, Retail, and Software witnessed a decrease in allocation.
Focusing on the matched orders segment, the mid-cap sector, VNMID, attracted a larger proportion of the money flow, while the large-cap VN30 and small-cap VNSML sectors witnessed a decrease in allocation.
