The market opened relatively flat this morning, with a slight downward trend, as investors took profits from the previous two sessions, particularly in the banking sector with ACB and STB, and a few select large-cap stocks like VIC and GVR feeling the pressure. However, towards the end of the morning session, buying interest picked up, notably in large-cap stocks (MWG, BCM), and the banking sector turned positive, helping to lift the VN-Index. This was further bolstered by a strong performance from insurance stocks, with MIG and BIC hitting the daily limit-up.
Insurance stocks lead the charge.
The afternoon session saw even stronger buying momentum, especially in the insurance sector and large-cap stocks such as FPT, BID, VCB, and HPG. By the closing bell, consecutive waves of buying helped push the index to its intraday high.
In terms of contributions, FPT, VCB, and BID were the top three positive influencers, adding a combined total of more than 3.6 points to the index. On the other hand, VHM, VIC, and EIB were the top three negative influencers.
Market breadth was positive, with 16 out of 19 sectors ending in the green, except for real estate, utilities, and media.
The insurance sector stood out with a remarkable gain of 5.11%, making it the best-performing sector. BVH and MIG hit the daily limit-up, while PVI rose 2.7%, PTI climbed 4.29%, and BIC advanced 5.29%.
Actual trading liquidity showed signs of improvement, with the combined trading value of all three exchanges reaching nearly VND 14,660 billion.
Foreign investors extended their net buying streak to the sixth consecutive session, with a larger net purchase value compared to recent days. They net bought over VND 362 billion on the market, focusing on FPT, MSN, and HPG. On the selling side, the VinGroup duo of VRE and VHM, along with HDB, saw the strongest net selling.
At the close, the VN-Index gained 8.35 points (+0.67%) to reach 1,250.46, with 222 gainers and 147 losers. Total trading volume reached 502.8 million shares, and value was VND 13,497 billion. Block trades contributed over 74.8 million shares, valued at VND 1,946 billion.
The HNX-Index climbed 1.07 points to 224.64, with 78 gainers and 58 losers. Trading volume and value were over 51.8 million shares and VND 818 billion, respectively, marking increases of 51% and 43% from the previous session. Block trades added another 10.2 million shares, valued at VND 225 billion.
The UPCoM-Index rose 0.39 points to 92.74, with 181 gainers and 109 losers. Trading volume and value were over 32.3 million shares and VND 342 billion, respectively, representing a 23% increase in volume and a 4% decrease in value compared to the previous day. Block trades contributed an additional 3.2 million shares, valued at VND 23 billion.
In the derivatives market, all four futures contracts posted gains.
Technical Analysis for the Session Closing November 28th: A Mix of Positive and Negative Signals
The recent volatile trading sessions of the VN-Index and HNX-Index, characterized by a tug-of-war between buyers and sellers and erratic liquidity, reflect the fragile sentiment among investors.
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“The Week Ahead: Uptrend Momentum Sustained”
The VN-Index extended its gains from the previous week, forming a bullish White Marubozu candlestick pattern. This indicates strong buying pressure as the index closed near its high. Additionally, the VN-Index has crossed above the 200-week SMA, reflecting a positive long-term outlook and an increasingly optimistic investor sentiment. However, the MACD indicator is currently showing a sell signal, and a drop below the zero line could trigger a short-term correction. If this occurs, the likelihood of a downward adjustment increases.
Technical Analysis for the Session on November 29: Investor Sentiment Continues to Improve
The VN-Index and HNX-Index both climbed, with a notable surge in trading liquidity during the morning session, indicating a positive shift in investor sentiment.
The Roaring Tide of Insurance Stocks: What’s the Driving Force?
Similar to the end of August this year, insurance stocks once again reacted strongly to the news of the State Bank “loosening credit room”.
Market Beat: Telecoms Rebound, VN-Index Surges Over 8 Points
The market ended the session on a positive note, with the VN-Index climbing 8.35 points (0.67%) to reach 1,250.46, while the HNX-Index gained 1.07 points (0.48%), closing at 224.64. The market breadth tilted in favor of buyers, with 402 tickers advancing against 279 declining ticks. The VN30 basket painted a similar picture, as bulls dominated with 21 gainers, 6 losers, and 3 unchanged stocks, ending the day in the green.
