Towards the end of the session, investors became bearish on VCB (-0.53%) and TCB (-1.2%). However, strong momentum from BID (+1.92%) continued to prevent the VN-Index from dipping too low. Trading volume also remained unchanged at 15.1 trillion VND from the previous day.
HPG (+0.84%) led the top 5 stocks in terms of trading volume with 19 million units. Others on the list were VHM (14.5 million), SHB (12.3 million), SSI (11.8 million), and TCB (11.3 million).
Foreign investors resumed net buying and reached 132 billion VND despite VHM (-0.11%) still witnessing a net sell-off amounting to 232 billion VND. Since the beginning of April, foreigners have net bought the most MWG (+0.58%) with 685 billion VND, followed by MBB (-0.21%) with 427 billion VND. On the contrary, VHM faced a net sell-off of 1.5 trillion VND, followed by MSN (-0.97%) with 537 billion VND.
| Top foreign-bought and -sold stocks on April 11, 2024 |
The manufacturing and machinery industry group led the gains at 2.16%, with a significant impact from NHH (+6.14%). The April 11 session saw a rise in oil and gas stocks. This included PVC (+3.8%), PVB (+2.86%), PVD (+0.47%), and PVS (+2.89%).
The retail sector was also not an exception this time around, with gains from FRT (+3.71%), MWG (+0.58%), and DGW (+1.29%).
2:00 PM: Success and failure in banking
Moving into the afternoon session, the VN-Index turned green, rising by 4 more points than the closing price of the morning thanks to strong support from BID.
While the largest index in the Vietnamese market suffered negative effects from the banking group and ended up decreasing in points in the morning session, BID (+0.77%) became the saving grace immediately at the beginning of the afternoon. The most notable negative impact still came from TCB (-0.77%) and VCB (-0.11%), but it was no longer significant.
The construction materials group was leading the race with an increase of 0.88%. The major contributors were familiar names such as HPG (+1.18%), HSG (+2.21%), and NKG, which rose by up to (+4.23%).
The real estate sector saw strong growth in some stocks such as DIG (+2.79%), KDH (+1.1%), and TCH, which hit the ceiling at (+6.23%). The retail sector had MWG (+0.96%) and FRT (+3.5%) showing significant uptrends.
TCH and SSI (+1.08%) received net buying from foreign investors, amounting to 80 billion VND for each stock. Net buying of MWG (+0.96%) also continued to increase.
Morning session: HPG and FPT became the pain relievers
Positive information from the 2024 annual general meeting of shareholders helped the stocks of HPG and FPT turn bullish during the morning session of April 11.
The release of preliminary first-quarter business results and expectations of a recovery in the steel industry this year helped HPG increase by 0.67% during the morning session.
Specifically, the leaders of HPG stated that the revenue for the first quarter of 2024 reached approximately 31,000 billion VND, with after-tax profit amounting to 2,800 billion VND. The group increased sales volume compared to the same period last year and sold out high-priced inventory. Hoa Phat has never reduced its inventory as low as it is now. According to the Chairman of the Board of Directors, Trần Đình Long, this measure may not bring immediate profits but will benefit the business results in the following quarters.
A similar story with FPT, as mentioned earlier this morning, helped increase this stock by 0.79%.
HPG and FPT contributed to the increase of the VN-Index by more than 0.5 points, closing the morning session at 1,253.47, a decrease of 5 points (0.4%) compared to the previous session. Meanwhile, the banking group, led by VCB (-0.63%), continuously caused the VN-Index to decrease by more than 1.6 points, besides CTG (-0.89%), TCB (-0.55%), and MBB (-0.63%).
 Source: VietstockFinance
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The liquidity in the morning session on April 11 was not high, averaging around 7.4 trillion VND. Meanwhile, the 10-day average is around 10.5 trillion VND.
Foreign investors continued their net selling at 179 billion VND, with the most significant impact on VHM (-0.34%) at 160 billion VND. Conversely, SBT (-0.4%) and SSI (+0.14%) were the two stocks favored by this group for net buying, at 58 billion VND and 36 billion VND respectively.
| Top foreign-bought and -sold stocks up to the morning session of April 11, 2024 |
10:30 AM: VCB hits its lowest point in 3 weeks
VCB faced strong selling pressure, with the stock falling to its lowest point in 3 weeks. The VN-Index continued to struggle around the 1,255-point
