The morning session saw an even stronger upward momentum, helping bottom-fishers reap impressive profits. The VN-Index rose healthily, entering the 1240-point region, which was previously a breached support level. This triggered more profit-taking activities. However, buying pressure remained robust, pushing liquidity to a high level.
The total matched orders on HoSE and HNX in the morning session increased by nearly 52% compared to the previous morning, reaching VND 6,712 billion, the highest in four sessions. HoSE also witnessed a 52% increase in trading value, amounting to VND 6,292 billion. The improved liquidity indicated a significant shift in market sentiment, with both buyers and sellers actively participating: Sellers were content with their bottom-fishing profits, and the VN-Index entering a technical resistance zone prompted them to offload their positions. Conversely, buyers were optimistic about the market’s potential recovery from the recent correction and were willing to invest more substantially. This harmony between supply and demand facilitated successful transactions, resulting in enhanced liquidity.
The VN-Index climbed steadily for most of the session, surpassing the 1240-point mark by around 10:00 AM. It peaked at 10:45 AM, gaining over 12.1 points (+0.98%) compared to the reference level. However, the upward momentum eased in the remaining trading hours. The index closed the session with a gain of 9.8 points (+0.79%). The slight drop-off was merely a balancing fluctuation typical of the session’s latter part.
The market breadth was highly impressive, with the number of advancing stocks far outpacing the declining ones throughout the session. At its peak, the index recorded 293 gainers versus 63 losers, and at the close, it stood at 286 gainers versus 80 losers. Thus, only a small fraction of stocks reversed their gains to end the session in negative territory.
However, a restraining force emerged towards the session’s end, pulling back some stocks from their intraday highs. While most stocks maintained their upward trajectory, a few started to retrace their steps. Out of the stocks traded on HoSE, 76, or approximately 21.9%, witnessed a decline of more than 1% from their daily highs. Nevertheless, this pullback was not significant enough to shift the overall market sentiment.
Real estate stocks stood out, with dozens of tickers climbing over 1% compared to the previous close. QCG, KHG, TCH, HDC, DXG, IDJ, CEO, PDR, NTL, SJS, DXS, and NLG were the most notable performers in this sector, with gains of at least 2%. In terms of liquidity, DXG, PDR, and DIG stood out with trading values exceeding VND 100 billion, placing them among the most actively traded stocks.
The securities sector also shone brightly, with no losers and around 25 tickers climbing over 1%. VIX led the pack with a 3.26% gain and a liquidity of VND 191.4 billion. HCM followed closely with a 2.33% increase and a matched volume of VND 182.1 billion. SSI, with a 1.22% uptick and a trading value of VND 149.5 billion, completed the trio of strongest securities stocks.
With the market breadth overwhelmingly tilted towards the green, every sector boasted strong representatives. Among the 286 advancing stocks in the VN-Index, 106, or 53% of the total matched orders value on HoSE, climbed by at least 1%. However, even the strongest performers with the best liquidity failed to sustain their intraday peaks, except for NHA, EVG, and QCG, which hit the ceiling and maintained decent trading volumes. The leading stocks in the real estate and securities sectors, such as DXG, PDR, DIG, VIX, HCM, and SSI, also witnessed varying degrees of retracement from their highs.
The declining camp was both numerically small and lacking in liquidity, with no significant impact on the index’s performance. Out of the 80 losers, only 27 stocks fell by more than 1%, and only a handful of them had relatively high trading volumes: NO1 plunged to its floor price, dropping 6.85% with a matched volume of VND 26.2 billion. VTP fell by 3.05% with a liquidity of VND 108.1 billion. HAG slipped by 1.24%, transacting VND 24.4 billion worth of shares. TRC declined by 1.28%, recording VND 2.8 billion in trading value, and GEE fell by 2.58% with a liquidity of VND 1.9 billion.
Foreign investors sent a positive signal by significantly reducing their selling pressure and engaging in mild buying. Specifically, they offloaded VND 551.6 billion worth of shares on HoSE while purchasing VND 603.6 billion, resulting in a net buy position of VND 52 billion. This marked the first net buy morning session after 23 consecutive net sell mornings. Notable net buys included MSN (+VND 66 billion) and FPT (+VND 42 billion). On the selling side, DXG (-VND 33.5 billion), VPB (-VND 22.4 billion), and DGC (-VND 22.3 billion) stood out.
The VN-Index closed the morning session at 1244.5, firmly within the technical resistance zone of 1240 points. This level was previously breached in September 2024 but has now been reclaimed. Such a rebound is typically viewed as a technical correction. Consequently, short-term investors tend to offload their positions within this zone, anticipating a chance to buy back at lower prices.
