The upward trend of the VN-Index continued throughout the morning session, but the peak is gradually decreasing. The trading volume on the HoSE exchange remained similar to yesterday’s morning session, and the major stocks remained relatively stable.
The VN-Index saw another increase right at the opening bell and peaked at 9:55 am, gaining 8.5 points (+0.68%) compared to the reference price. For the rest of the morning, the index continuously slipped, ending the morning session with a gain of 2.01 points (+0.16%). The breadth of the market clearly showed a widespread trend of price suppression: At the peak, the index recorded 258 gainers and 61 losers. By the end of the session, there were 182 gainers and 155 losers. Nearly 100 stocks reversed course, not to mention most of the remaining stocks retreated, indicating a certain level of selling pressure.
The blue-chip group is still holding up quite well, but it is also the group that witnessed the most significant decrease in peak prices. All 30 stocks in the VN30 basket retreated, including the largest pillars: VHM reversed from green to red with a margin of up to 1.42% just in the morning session, ending the session down 0.36%. TCB reversed 1.05% to a 0.21% loss compared to the reference price. CTG reversed 1% to a 0.28% loss. In total, nine stocks in the basket fluctuated with a decline of more than 1% from their peak prices. The basket ended the session with 12 gainers and eight losers, and the representative index slightly increased by 0.1%.
On a positive note, among the 10 largest stocks by market capitalization on the VN-Index, six stocks remained in the green: VCB rose by 0.43%, FPT increased by 0.14%, HPG climbed by 0.95%, GAS gained 0.29%, VIC advanced by 0.37%, and VPB rose by 0.52%. The only three red stocks were CTG, VHM, and TCB, which were also the stocks with the largest reversal margins. These stocks also recorded the most significant losses in the basket, indicating that the selling pressure from the sellers was not strong enough and was mainly controlling the trading in the green price region.
Looking at the broader HoSE exchange, although the breadth of the market changed quite noticeably, indicating a widespread trend of price reversals, the decline in margins was not significant. This is partly because the initial gains were quite good, so it took time to gradually decrease the peak prices. Moreover, the trading volume did not show a sudden increase, which means that the trading activities were normal and slow, similar to the previous session.
Among the 155 losing stocks of the VN-Index, 45 stocks decreased by more than 1%, but most of them did not have significant trading volume. The two most actively traded stocks were HDG with a trading volume of VND63.4 billion, down 1.03%, and VOS with a trading volume of VND14.6 billion, down 1.29%. In this group, only seven stocks had trading volumes ranging from VND1 billion to VND5 billion. The total trading volume of this group accounted for 2.3% of the matched orders on the exchange.
The group of gaining stocks performed better, not only in terms of the number of stocks (182 stocks) but also in terms of the concentration of trading volume. Specifically, 46 stocks increased by more than 1%, accounting for 14.7% of the trading volume on the exchange. ORS, FRT, VTP, DBD, CTR, and HAG were the stocks with the best liquidity.
In essence, the market remains in a balanced state: 73% of the stocks in the VN-Index fluctuated within a narrow range and accounted for 83% of the trading volume.
Nevertheless, the price slide in the latter half of the morning session is noteworthy. This was the morning session with the most evident price suppression, despite a positive start. The market is still within a technical resistance zone, where short-term profit-taking is common. If investors want to take profits on the upside, a trend like this morning’s is typical.
Foreign investors are also making slight changes in their trading activities, reducing their buying. Specifically, a net sell value of VND63.8 billion was recorded on the HoSE exchange, not because of an increase in selling volume. On the contrary, the selling volume decreased by nearly 8% compared to yesterday’s morning session, reaching VND574.4 billion. However, as the buying volume decreased by 28%, reaching only VND510.6 billion, the net selling value was recorded. This group of investors is still actively buying FPT with nearly VND110.4 billion and MSN with VND36.9 billion. Notable stocks on the selling side included HDB (-VND43.3 billion), SSI (-VND40.2 billion), VCB (-VND28.7 billion), and STB (-VND20.1 billion). There were not many notable stocks on the selling side, but this group of investors sold a wide range of stocks.
Stock Market Blog: Are Bottom-Fishing Stocks a Thing of the Past?
The upward momentum significantly stalled in today’s session, yet the market managed to maintain a delicate balance between supply and demand. The volatility was relatively subdued, with narrow fluctuations in both indices and individual stocks. Notably, the combined trading volume of the two exchanges once again dipped below the 10 trillion dong threshold, indicating that investors are holding onto their stocks rather than engaging in short-term trading.
The Market Beat: Rising Pressure Wipes Out VN-Index’s Early Gains
The market remained under pressure during the afternoon session, with indices retreating from reference levels. At the close on November 28, the gains were modest, with the VN-Index edging up 0.14 points to 1,242.11, the HNX-Index climbing 0.47 points to 223.57, and the UPCoM-Index advancing 0.38 points to 92.35.
Stock Market Blog: Short Squeeze Still Not “Potent” Enough
The intraday pullback rhythms persist daily, and today’s range is slightly wider than the previous two days. The ability to curb the uptrend and push prices down is always an indication of selling pressure, but this pressure is not strong enough to cause significant damage to the price.
The Most Notable Stocks of the Day: A Pre-Market Rundown
“A deep dive into the recent stock market trends: Unveiling the top gainers and losers as per Vietstock’s statistical insights.”
The Flow of Funds: Is It Time to Buy Big?
The market’s initial response to the psychological support level of 1200 points was positive last week. However, liquidity concerns have experts uncertain about a significant bottom formation around this level.
