Market Beat on August 21: VN-Index Nears 1,285 Points Despite Foreigners’ Net Selling

Market liquidity decreased compared to the previous trading session, with the VN-Index matching volume reaching over 715 million shares, equivalent to a value of more than VND 17.8 trillion; HNX-Index reached over 57.2 million shares, equivalent to a value of more than VND 1,245 billion.

VN-Index started the afternoon session with a strong comeback from buyers, helping the index turn from a tug-of-war to a surge and closing in positive territory. In terms of impact, VCB, BID, CTG, and FPT were the most positive influences on the VN-Index, with more than a 6.7-point increase. On the other hand, PLX, SAB, VNM, and BCM had the most negative impact, but the impact was negligible.

HNX-Index also had a positive performance, with positive influences from SHS (+2.48%), PVI (+1.73%), PVS (+0.99%), DNP (+6.06%), among others.

The telecommunications services sector was the group with the strongest increase, up 2.45%, mainly driven by VGI (+3.24%), ELC (+0.83%), and FOX (+0.53%). This was followed by the finance and information technology sectors, with increases of 1.6% and 1.39%, respectively. On the other hand, the healthcare sector saw the biggest decline in the market, down -0.21%, mainly due to TNH (-1.12%), IMP (-2.27%), DCL (-3.28%), and DVN (-1.75%).

In terms of foreign trading, foreigners net sold over VND 326 billion on the HOSE exchange, focusing on HPG (VND 151.61 billion), MWG (VND 122.01 billion), VPB (VND 77.08 billion), and MSN (VND 74.51 billion). On the HNX exchange, foreigners net sold over VND 92 million, focusing on PVS (VND 28.91 billion), PVI (VND 18.25 billion), NTP (VND 16.84 billion), and MBS (VND 8.75 billion).

Morning Session: Market fluctuates, foreigners continue net selling

After a morning of tug-of-war trading amid rising liquidity, buyers and sellers remained undecided. At the end of the morning session, the main indices hovered around the reference level. Specifically, the VN-Index closed near the 1,273.22-point level, up 0.05%; the HNX-Index fell 0.02% to 237.27 points. The market breadth tilted slightly towards sellers, with 349 declining stocks and 313 advancing stocks. Foreigners also added pressure by net selling over VND 740 billion in the first half of the day.

The trading volume of the VN-Index exceeded 355 million units, equivalent to a value of more than VND 8.5 trillion. The HNX-Index recorded a trading volume of nearly 32 million units, with a value of over VND 682 billion.

VCB, BID, and FRT were the main pillars contributing positively to the VN-Index, adding more than 2.2 points to help the index stay in positive territory. In contrast, VHM, TCB, and PLX were the negative factors, but the impact was not significant.

The market tended to be sector-specific, with more than half of the sectors advancing and nearly half declining. Among them, the telecommunications services sector temporarily led with a 2.34% increase, mainly contributed by VGI (+3.24%), FOX (+0.11%), and CTR (+0.47%).

The non-essential consumer goods sector also saw positive trading, but the upward momentum narrowed compared to the strong breakthrough at the beginning of the session. Notably, FRT and PET touched the ceiling price at one point but ended the morning session with gains of only 4.6% and 4.3%, respectively, while DGW, which had risen nearly 4% earlier, ended up with a gain of just over 2%.

On the other hand, the real estate sector took a step back after shining in the previous session, falling 0.4% at the end of the morning session. Most of the stocks in the industry were adjusting: VHM (-0.63%), VIC (-0.12%), BCM (-0.83%), KDH (-1.19%), NLG (-0.86%), DIG (-2.2%)… A few remaining stocks managed to stay in positive territory, such as PDR (+3.91%), KBC (+0.37%), DXG (+0.32%), and CEO (+0.6%)…

Foreigners were also a negative factor, net selling over VND 740 billion on the three exchanges. The largest net sell volume was in MWG and HPG, with values of VND 100 billion and VND 92 billion, respectively. Conversely, FPT was the most net bought stock by foreign investors in the morning session, with a value of nearly VND 67 billion.

10:40 am: Real estate “loses steam,” market tug-of-war intensifies

Investors’ indecision caused the main indices to fluctuate strongly around the reference level. As of 10:40 am, the VN-Index fell 2.79 points, trading around the 1,269-point level. The HNX-Index fell 0.24 points, trading around the 236-point level.

Stocks in the VN30 basket showed a mixed performance, but buying pressure was slightly stronger. Specifically, HPG, VPB, ACB, and MSN contributed 0.53 points, 0.48 points, 0.4 points, and 0.32 points to the index, respectively. Conversely, VJC, STB, VNM, and TCB faced strong selling pressure and took away more than 1 point from the VN30-Index.

Source: VietstockFinance

The telecommunications services sector recorded the strongest gain in the market. Notably, VGI rose 2.95%, CTR increased 0.71%, YEG climbed 0.3%, and ELC advanced 0.42%… Meanwhile, the red color persisted in a few small-cap stocks, such as MFS falling 1.75%, SGT losing 0.36%, and DST dropping 3.13%…

From a technical perspective, the telecommunications services sector index continued to move sideways after a significant correction from mid-July 2024, while volume remained below the 20-session average, indicating investors’ cautious sentiment. Additionally, the sector index was well supported by the SMA 100-day moving average, and the MACD and Stochastic Oscillator indicators continued to trend upward after generating buy signals, suggesting a potential recovery for this sector if liquidity conditions improve.

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

Following this upward momentum was the energy sector, with the green color mainly concentrated in the large-cap oil and gas stocks. Specifically, BSR rose 0.83%, PVS climbed 1.49%, PVD advanced 1.27%, and PVB gained 4.21%…

In contrast, the real estate sector witnessed a slight decline, and the red color spread across the group. Notably, DIG fell 2.4%, VHM lost 0.63%, DXG slipped 0.32%, and NVL dropped 1.18%… On the upside, the green color remained in a few stocks, such as PDR rising 2.44%, NTL climbing 0.2%, and KBC advancing 0.37%…

Compared to the opening, the market continued to fluctuate and show strong divergence, with more than 1,000 reference stocks. The number of advancing and declining stocks was relatively balanced, with 283 gainers and 295 losers.

Source: VietstockFinance

Opening: Tug-of-war from the start

On August 21, as of 9:40 am, the VN-Index edged higher slightly, with cautious sentiment as it continuously fluctuated around the reference level. However, the index received positive contributions from the telecommunications services and energy sectors.

Large-cap stocks such as BID, GAS, and HPG led the market higher, contributing nearly a 1.5-point increase. On the other hand, stocks such as CTR, VCB, and VPB weighed on the market, dragging the index down by more than 0.5 points.

The green color prevailed in the morning session, with several stocks in the telecommunications services sector shining from the opening bell. Notably, VGI jumped 3.98%, CTR climbed 1.09%, ELC rose 1.09%, FOX gained 0.53%, VTK advanced 1.73%, and YEG increased 0.55%.

Following this positive momentum was the energy sector, with positive contributions from stocks such as BSR, PVD, PVS, and PVC, which rose 2.08%, 1.81%, 2.73%, and 3.73%, respectively.

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