The Market Beat, February 18th: A Sea of Green, With a Hint of Differentiation

The bulls maintained their dominance with nearly 500 advancing stocks against 320 declining ones. The number of advancing stocks increased significantly towards the end of the session compared to the beginning. While red hues were scattered across most sectors, they weren’t strong enough to overpower the upward momentum.

Insurance stocks witnessed a strong rally today. Almost all the stocks in this sector climbed higher. BVH hit the ceiling price with the leading liquidity in the group. PVI, VNR, BIC, BMI, and MIG rose between 2% and 4%.

In the banking and securities sectors, green hues prevailed, although a few stocks witnessed declines. SSB, EVF, SHB, LPB, ACB, and FTS experienced downturns; however, the downward pressure wasn’t too intense.

Negativity enveloped the mining stock sector, with the leading stock, KSV, closing at the floor price. MSR fell by nearly 7%, while BMC, KCB, and MTA also donned red hues.

Market liquidity weakened towards the end of the session. At the closing bell, the three exchanges recorded a combined trading volume of 16.5 trillion VND, approximately 10% lower than the previous session. Foreign investors continued net selling but narrowed their net sell value to 100 billion VND.

Morning Session: Mining Stocks Reverse Course

After the strong mid-session surge of the benchmark indices, the mixed performance in the materials, industrial, and banking sectors curbed the upward momentum of the VN-Index. At the morning close, the VN-Index gained 5 points to reach 1,277.82, while the HNX-Index rose nearly 2 points to 235.

LPB, VCB, and PNJ were the three stocks with the most negative impact on the VN-Index. Nevertheless, the upward pull remained dominant, driven by CTG, BID, HPG, TCB, VPB, and BVH…

The mining stock sector witnessed a sudden halt. KSV, one of the mining stocks that had been performing well recently, unexpectedly hit the floor price during the morning session. By the end of the morning session, sell orders at the floor price amounted to nearly 270,000 VND.

MTA, KCB, MSR, BMC, and BKC… all reversed course, turning the materials sector, which had been positive earlier, into the worst-performing sector in the morning session. Will the winning streak of mining stocks come to an end today?

Source: ViestockFinance

The real estate sector witnessed a positive session this morning. DIG, VRE, CEO, and NVL… all climbed higher with notable liquidity. This sector also saw TDC and VRE hitting the ceiling price.

The insurance sector was the best-performing sector in the morning session. BVH, VNR, BIC, BMI, PTI, and PGI… all sported positive hues.

Foreign investors continued net selling, offloading stocks worth 212 billion VND in the morning session. MWG, DGC, GMD, and DIG… were the most heavily sold stocks.

10:30 AM: Enthusiastic Market Participation, Widespread Gains

After a cautious start, buying interest quickly spread across the market. By 10:25 AM, the VN-Index had climbed more than 7 points to approach the 1,280 level.

The market breadth tilted strongly in favor of advancers, with nearly 440 stocks rising against 220 declining ones. Almost all sectors witnessed gains, with consumer goods, real estate, automotive, and banking leading the pack.

The upward momentum of the VN-Index was largely driven by the banking sector. CTG, TCB, BID, STB, and VPB were among the top contributors to the index’s rise. This was accompanied by gains in several large-cap stocks, including HPG, VRE, VHM, MWG, and GEE.

Market liquidity also improved. After an hour and a half of trading, the market’s trading value surpassed 6.5 trillion VND. HPG, VIX, and DIG were among the most liquid stocks.

Opening Session: Metal and Mining Stocks Surge

The February 18 session commenced with a positive performance from numerous individual stocks. By 9:20 AM, 24 stocks had hit the ceiling price across the three exchanges, spanning various sectors.

However, the overall market lacked the support of the banking sector, which usually acts as a driving force. Consequently, the indices only witnessed a slight uptick, with the VN-Index hovering slightly above the reference level, gaining just 1 point.

Notable stocks that hit the ceiling price included HUT, X20, MLS, BOT, and DFF. These stocks also led the market in terms of liquidity during the initial minutes of trading.

The materials sector started on a positive note, with metal stocks such as HPG, HSG, NKG, NSH, and KVC… all advancing. Mining stocks continued their upward trajectory, with KCB, MIC, FCM, BMJ, and BKC… all hitting the ceiling price.

Real estate stocks also exhibited positive momentum. Many stocks in this sector climbed higher, with CEO and DIG leading in terms of liquidity.

Yến Chi

– 09:34, February 18, 2025

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The Cautious Mindset Returns

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The VN-Index surged, closely hugging the upper band of the Bollinger Bands, reflecting a highly optimistic investor sentiment. The index has surpassed its previous peak of 1270-1285 points from December 2024 and is now approaching the crucial resistance level of 1300 points. A breakthrough above this level would further enhance the positive outlook. However, the Stochastic Oscillator indicator is venturing deep into overbought territory. Investors are advised to exercise caution in the coming period, as a potential sell signal from the indicator could trigger a shift in market dynamics.

Is Hesitation Creeping In?

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The Ultimate Headline:
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