The morning’s aggressive clearance sale caused the VN-Index to plummet by over 16 points (-1.03%) at one point, indicating a potential failed week-ending session. However, bottom-fishing funds continued to flow in during the afternoon, pushing the index up by 3.14 points (+0.2%) at the close.
The recovery of the index was undoubtedly influenced by large-cap stocks, but bottom-fishing activities were also widespread. The best evidence for this is the breadth of the VN-Index, which had 92 gainers and 214 losers at its lowest point but ended with 177 gainers and 155 losers. Such a balanced breadth couldn’t have been achieved by merely pulling a few major stocks to boost the index.
The three stocks with the most significant impact among the large-cap group were VIC, VPB, and GAS. VPB staged the most impressive comeback, plunging in the morning session from a 2.07% increase right after the market opened to a 3.28% decrease before the lunch break. The afternoon session witnessed a complete reversal, with the stock recovering to its morning high, a 2.07% gain compared to the reference price. VPB’s liquidity ranked among the top five in the market today, reaching VND 1,303.1 billion.
Regarding the remaining stocks, VIC rose by 1.74%, and GAS increased by 1.59%, being the only other notable gainers among the top-tier stocks. On the other hand, VHM, BID, TCB, CTG, HPG, and MBB were in the red, with BID dropping by 1.85%, TCB by 1.43%, and HPG by 1.75%. The VN30 basket had only 11 gainers and 18 losers, and its representative index even decreased by 0.33% compared to the reference price. Some mid-cap stocks in this basket, such as VIB, PLX, SSB, and DGC, also rose by over 1%, but their impact on the index was very limited. Conversely, the declining side of the basket included ten stocks that fell by more than 1%, many of which belonged to the largest market capitalization group.
The rest of the market also experienced significant volatility with wide swings – the breadth of the HoSE floor clearly reflected this – but it, too, witnessed a reasonably good recovery afterward. However, buying power was uneven. Out of the 177 green codes at the close, 104 stocks recorded gains of more than 1%, and about 35 of them traded in the hundreds of billions of VND in liquidity. PDR, CII, PVD, HAG, and GEE were among the ceiling-hit stocks with excellent liquidity. The group with lower liquidity included DPM, BIC, TCD, TDC, OGC, HTN, BCG, and HT1, which also hit the ceiling.
The remaining stocks were mainly mid-caps, with only seven from the VN30 basket. VND and DIG were two stocks with liquidity exceeding a thousand billion VND, with prices surging by 1.27% and 3.4%, respectively. DXG, GEX, NVL, BSR, DCM, DBC, TCH, POW, and KDH were the remaining stocks with matching orders of over 300 billion VND. The mid-cap index closed up 1.05%, outperforming all other capitalization group indices. Liquidity in this group also increased by 25.5% compared to the previous day, while VN30 and Smallcap rose by 3.4% and 9.4%, respectively.
On the downside, the buying-to-cover also proved effective. At its worst, the HoSE floor had 193 stocks falling by more than 1% compared to the reference price, but at the close, only 77 stocks remained in that category. Nonetheless, the selling pressure to push prices down was considerable. Although there were only 77 stocks, their liquidity accounted for about 32% of the total matching value on this floor. Dozens of stocks witnessed transactions in the billions of VND, and some even in the trillions, like HPG, which fell by 1.75%, SHB by 1.06%, and TCB by 1.43%. Others, such as VCI, which dropped by 2.15%, EIB by 1.48%, EVF by 3.45%, FTS by 2.34%, and VSC by 3.28%, also had transactions in the hundreds of billions of VND each.
Foreign investors resumed net selling today, focusing on the morning session. In the afternoon, this group recorded a net buy of VND 146.3 billion, while in the morning, they net sold VND 980.1 billion. The most sold stocks were BID (-VND 216 billion), SSI (-VND 202.1 billion), HPG (-VND 148.6 billion), FPT (-VND 134.1 billion), VCB (-VND 105.8 billion), and VRE (-VND 97.4 billion)… Just today, the VN30 basket experienced a net sell-off of VND 902.7 billion. On the net buying side, there were VPB (VND 224.7 billion), GEX (VND 132.2 billion), CII (VND 124.7 billion), DCM (VND 123.4 billion), PDR (VND 82 billion), VIC (VND 79.4 billion), and PVD (VND 75 billion)…
“Seizing” Profits: How Bottom-Feeding Funds Turned the Tide with Timely Trades
The morning sell-off sent the VN-Index plunging over 16 points (-1.03%), indicating a potential disappointing end to the week. However, a resilient bottom-fishing cash flow in the afternoon session pulled the index back up, resulting in a positive close of 3.14 points (+0.2%) by the end of the trading day.
Stock Market Blog: The Fierce Battle of Supply and Demand Rages On
The market witnessed significant profit-taking spells, but the selling pressure wasn’t intense enough to drive down stock prices substantially. This is because the buying support at lower levels remained robust, and the VNI still held its ground, paving the way for a potential recovery rally.
Foreign Investors Reverse Course: From Net Buyers to Sellers, Contrasting the Massive Buying Spree of a Bank Stock
The FPT stock witnessed a significant sell-off in the afternoon, making it the most heavily sold-off stock in today’s session with a value of VND 369 billion.
Stock Market Outlook for Tomorrow, August 8: As VN-Index Hits New Highs, What Should Investors Do?
Despite the sell-off pressure in the session on August 7-8 not being too significant, Dragon Vietnam Securities Joint Stock Company forecasts that the session on August 8 will see strong competition between supply and demand for stocks.
Market Beat: VN-Index Recovers in Afternoon Trade, Energy Stocks Shine
The trading session concluded on a positive note, with the VN-Index climbing 3.14 points (+0.2%) to reach 1,584.95, while the HNX-Index rose 1.6 points (+0.59%) to 272.46. The market breadth tilted slightly in favor of advancers, as 439 stocks gained compared to 363 decliners. However, the large-cap VN30 index painted a different picture, with 18 stocks closing lower, 11 advancing, and one remaining unchanged, resulting in a sea of red.
