Market Beat on Feb 24th: VN-Index Surges Past 1,300 Points as Trading Volume Improves

Market liquidity increased compared to the previous trading session, with the VN-Index matching volume reaching over 807 million shares, equivalent to a value of more than 18.5 trillion dong; HNX-Index reached nearly 60.1 million shares, equivalent to a value of more than 1.1 trillion dong.

VN-Index faced challenges in the early afternoon session as sellers emerged and put pressure on the index, but buyers quickly regained their footing, helping the index maintain its positive momentum until the end of the session and closing in the green. In terms of impact, HPG, VNM, VCB, and CTG were the codes with the most positive impact on the VN-Index, contributing over 4.2 points to the increase. On the other hand, FPT, FRT, HVN, and VTP were still under selling pressure, but their impact was not significant.

HNX-Index followed a similar trajectory, positively influenced by the codes MBS (+2.81%), IDC (+1.79%), SHS (+2.11%), and PVS (+1.17%)…

The essential consumer goods industry group witnessed the strongest growth with a 0.86% increase, mainly driven by the codes VNM (+3.91%), SAB (+1.16%), QNS (+0.8%), and KDC (+0.17%). This was followed by the financial and utilities sectors, with increases of 0.74% and 0.45%, respectively. Conversely, the telecommunications industry experienced the most significant decline in the market, falling by -3.19%, mainly due to the code VGI (-4.05%), CTR (-1.99%), FOX (-0.1%), and VNZ (-0.8%).

In terms of foreign trading activities, they continued to net sell over 304 billion dong on the HOSE exchange, focusing on the codes FPT (270.01 billion), HPG (151.89 billion), FRT (77.67 billion), and CTG (51.06 billion). On the HNX exchange, foreign investors net bought over 1 billion dong, focusing on the codes SHS (16.52 billion), MBS (2.8 billion), IVS (1.72 billion), and VTZ (1.66 billion).

Morning Session: Market Continues to Diverge

Investor sentiment remained indecisive, unable to surpass the familiar resistance level of 1,300 points. At the midday break, the VN-Index paused slightly below the reference level at 1,297.78 points, while the HNX-Index decreased by 0.24% to 237 points. The market breadth tilted towards the sell-side, with 398 declining stocks and 268 advancing stocks.

The indices fluctuated amid high liquidity. The VN-Index recorded a matching volume of over 444 million units in the morning session, equivalent to a value of nearly 10 trillion dong, an increase of more than 45% compared to the previous week’s closing session. The HNX-Index witnessed a matching volume of over 31 million units, with a value of over 580 billion dong.

Source: VietstockFinance

In terms of impact, HPG stood out as a bright spot, contributing half of the nearly 4-point increase in the top 10 stocks with the most positive influence on the VN-Index. Conversely, the adjustment pressure mainly came from FPT, GVR, and VPB, with a total negative impact of more than 1 point on the index.

The sector indices were gradually turning red. Notably, the telecommunications and information technology sectors experienced the most significant declines, as large-cap stocks in these sectors faced strong selling pressure, such as VGI (-4.05%), CTR (-1.58%), SGT (-2.19%), MFS (-2.56%), FPT (-1.06%), and CMG (-1.12%).

The industrial sector also faced challenges as profit-taking activities occurred across the board, with notable declines in stocks with high liquidity, including CII (-4.84%), HAH (-2.07%), VTP (-3.88%), BCG (-0.81%), GMD (-0.81%), PC1 (-1.26%), VSC (-%), VOS (-1.18%), and ACV (-1.9%),…

The standout performer in the morning session was the steel sector, which surged following the news of the Ministry of Industry and Trade’s temporary anti-dumping duties on hot-rolled steel imports from China. Numerous stocks in this sector witnessed impressive gains, including HPG (+4.54%), HSG (+1.99%), NKG (+2.49%), VGS (+5.57%), and TVN (+5.68%),… However, this positive momentum was not sufficient to keep the materials sector in the green, as many other stocks in the industry experienced deep declines, notably GVR (-1.08%), DPM (-1.21%), DGC (-0.73%), CSV (-2.05%), MSR (-9.83%), and NTP (-1.71%),…

On the other hand, the financial and essential consumer goods sectors were the only two groups that managed to stay in positive territory, albeit weakly, rising by less than 0.2%. This was supported by a few standout names, such as HDB (+1.3%), LPB (+1.24%), EIB (+1.24%), STB (+0.51%); VNM (+1.3%), MML (+1.79%), DBC (+1.07%), and VLC (+2.7%)…

10:40 am: Green and Red Alternating, Indecisive Sentiment at the 1,300-point Level

Buying and selling forces in the market were relatively balanced, resulting in contrasting movements in the main indices. As of 10:30 am, the VN-Index increased by 2.59 points, hovering around 1,299 points. Meanwhile, the HNX-Index decreased by 0.22 points, trading around 237 points.

Stocks within the VN30 basket exhibited a mixed performance, with a relatively balanced distribution of green and red ticks. Specifically, HPG, VNM, STB, and HDB contributed 4.42 points, 0.54 points, 0.52 points, and 0.48 points, respectively, to the overall index. Conversely, FPT, SSB, LPB, and MWG continued to face selling pressure, deducting more than 2.3 points from the VN30-Index.

Source: VietstockFinance

The healthcare sector demonstrated robust growth, providing support to the overall market’s upward trajectory despite some internal divergence. Specifically, on the buying side, DVN rose by 1.1%, TRA by 3.16%, DMC by 3.26%, and DHD by 1.52%… Conversely, several stocks faced selling pressure, including IMP, which declined by 0.52%, DHT by 0.35%, DBD by 0.51%, and TNH by 2.35%…

Following closely, the materials sector also posted a decent increase, although it displayed a mixed performance with alternating green and red ticks. Within this sector, TVN rose by 5.68%, PHR by 2.56%, ACG by 1.8%, HT1 by 0.38%, and VIF by 5.12%… On the other hand, the red ticks persisted in GVR, which fell by 0.46%, KSV by 9.89%, DGC by 0.73%, and MSR by 6.41%…

From a technical perspective, HPG witnessed a strong surge in price, accompanied by a significant increase in volume, surpassing the 20-day average trading volume. This indicates heightened trading activity among investors. Additionally, the stock’s price broke through the SMA 100 and 200-day moving averages, while the MACD and Stochastic Oscillator generated buy signals, further reinforcing the upward momentum.

Currently, HPG is retesting the previous high from December 2024 (approximately 27,600-28,200). If the price successfully surpasses this level, accompanied by improved trading volume, the upward trend is likely to solidify.

Source: https://stockchart.vietstock.vn/

On the flip side, the telecommunications sector encountered strong selling pressure, declining by 3.31%. This downturn was primarily driven by prominent names in the industry, including VGI, which fell by 4.53%, FOX by 0.21%, CTR by 1.49%, and YEG by 0.63%…

Compared to the opening, the market witnessed a tug-of-war between buyers and sellers, resulting in over 940 stocks trading flat and a slight advantage for the sell-side. There were 315 declining stocks (including 5 at the lower limit) and 308 advancing stocks (including 33 at the upper limit).

Source: VietstockFinance

Opening: Materials Stocks Shine from the Start of the Session

At the opening of the session on February 24, the VN-Index edged up slightly by more than 1 point, reaching 1,298.57 points. Similarly, the HNX-Index also witnessed a mild increase, climbing to 238.05 points.

The red ticks temporarily dominated the VN30 basket, with 7 advancing stocks, 22 declining stocks, and 1 stock trading flat. Among them, HPG, SSI, SHB, and VNM were the top gainers, while SSB, PLX, FPT, and VJC led the losing side.

As of 9:30 am, the materials sector took the lead, driving the market’s growth with a 1.14% increase. Notable performers within this sector included HPG, which rose by 6.05%, HSG by 3.13%, NKG by 3.91%, VGS by 8.01%, and TVN by 9.09%,…

Following closely, the essential consumer goods sector contributed to the market

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The market closed with the VN-Index down 0.2 points (-0.02%), settling at 1,302.96, while the HNX-Index gained 0.29 points (+0.12%), closing at 238.6. The market breadth tilted slightly in favor of advancers, with 411 gainers against 365 decliners. However, the large-cap stocks in the VN30 basket witnessed a dominance of red, as 18 stocks fell, 10 advanced, and 2 remained unchanged.

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