Market liquidity increased compared to the previous trading session, with the VN-Index matching volume reaching over 510 million shares, equivalent to a value of more than VND 12.1 trillion; HNX-Index reached over 48.5 million shares, equivalent to a value of more than VND 952 billion.
The VN-Index began the afternoon session with a fierce tug-of-war between buyers and sellers, and unexpectedly, strong selling pressure pushed the index below the reference level. However, buying support at the end of the session quickly lifted the VN-Index back into positive territory. In terms of impact, TCB, FPT, HVN, and VCB were the most positive influences on the VN-Index, contributing over 1.6 points to the gain. On the other hand, BID, HPG, MSN, and DIG had the most negative impact, but their influence was negligible.
| Top 10 stocks impacting the VN-Index on August 30, 2024 |
In contrast, the HNX-Index had a rather negative performance, impacted by declines in PVI (-2.25%), NVB (-3.13%), BAB (-0.83%), and HUT (-0.58%)…
The healthcare sector was the top-performing group with a gain of 0.77%, mainly driven by TNH (+3.89%), IMP (+2.57%), DVN (+0.39%), and DHG (+0.56%). This was followed by the consumer staples and information technology sectors, with increases of 0.73% and 0.7%, respectively. On the other hand, the telecommunications services sector recorded the largest decline in the market, falling by -0.09%, mainly due to losses in VGI (-0.59%), YEG (-0.87%), SGT (-0.36%), and VNB (-1.75%).
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Source:Â VietstockFinance
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In terms of foreign trading, foreign investors returned to net buying on the HOSE exchange, focusing on stocks such as FPT (VND 184.44 billion), FUEVFVND (VND 47.16 billion), VCB (VND 32.59 billion), and FUESSVFL (VND 31.91 billion). On the HNX exchange, foreign investors net sold over VND 17 billion, mainly offloading SHS (VND 33.57 billion), TNG (VND 10.87 billion), NTP (VND 1.97 billion), and GKM (VND 1.25 billion).
| Foreign trading net buy-sell activity |
Morning session: Thin liquidity as investors take an early holiday break?
The market maintained a positive tone throughout the morning session, but low trading volume indicated that investors remained cautious ahead of the extended National Day holiday. At the midday break, the VN-Index rose 0.20% to 1,284.04 points, while the HNX-Index dipped 0.24% to 237.3 points. The market breadth was relatively balanced, with 307 gainers and 301 losers.
The trading volume of the VN-Index reached over 197 million shares in the morning session, equivalent to a value of more than VND 4.8 trillion, a decrease of nearly 40% compared to the previous morning. The HNX-Index recorded a trading volume of over 19 million shares, with a value of over VND 387 billion.
 Source:Â VietstockFinance
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In terms of impact, VCB single-handedly contributed nearly 1 point to the VN-Index‘s gain. This was followed by VIC, FPT, and VNM, which also traded positively, adding over 1.2 points to the index. Conversely, CTG, VHM, and BCM were the most negative influences, but their impact was not significant.
Sector performance continued to be mixed, with mild fluctuations. The information technology sector, led by FPT (+0.75%) and CMT (+1.43%), temporarily topped the market, rising 0.69%. This was followed by the consumer staples sector, which climbed 0.58%, driven largely by VNM (+0.95%), MCH (+1.48%), SAB (+1.39%), and SBT (+0.8%). However, many stocks in this sector remained in negative territory, including QNS, KDC, VCF, HAG, HNG, DBC, ANV, and VLC.
On the flip side, the energy sector lagged, falling 0.33%. This was mainly due to pressure from large-cap stocks in the industry, such as BSR (-0.42%), PVS (-0.25%), and PVD (-0.18%). The non-essential consumer goods and telecommunications services sectors were the other two groups that faced selling pressure, declining slightly by more than 0.1%.
10:40 am: Market continues to fluctuate
The buying side remained weak, causing the main indices to move in opposite directions and hover around the reference level. As of 10:30 am, the VN-Index rose 2.71 points to trade around 1,284 points, while the HNX-Index dropped 0.82 points to trade around 237 points.
A clear divergence was observed within the VN30 basket, but the bullish side slightly prevailed, with 14 gainers and 16 losers. Notably, VIC lifted the index by 0.69 points, FPT by 0.68 points, VCB by 0.43 points, and VNM by 0.41 points. Conversely, only a few stocks like MWG, CTG, SSI, and VHM faced selling pressure, but the declines were not significant.
Source:Â VietstockFinance
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The healthcare sector led the market with a modest gain of 0.76%. Standouts included TNH, which rose 4.97%, DHG up 0.75%, DHT up 0.29%, and NDC soaring 14.97%… Conversely, significant selling pressure was observed in some stocks, such as DCL down 0.19%, DVM down 1.92%, and FIT down 1.16%… These stocks were hindering the sector’s performance.
Additionally, the materials sector was among the top five sectors supporting the indices, with bullish momentum prevailing. Specifically, buying interest focused on GKM (+2.78%), DCM (+0.8%), CSV (+1.42%), and DPM (+0.72%)… It’s worth noting that DGC saw a strong uptick right at the market open, surging 2.52%.
From a technical perspective, DGC stock witnessed a sharp rise in volume, surpassing its 20-day average, indicating a positive investor sentiment. Moreover, the stock’s price remained above the Middle Bollinger Band in recent sessions after successfully testing the SMA 200-day, suggesting a potential recovery after a period of correction. Furthermore, the MACD indicator continued to trend upward after generating a buy signal. This reinforces the recovery scenario, with the indicator expected to cross above the zero level in the near future.
Source: https://stockchart.vietstock.vn/
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On the other hand, the energy sector experienced mixed performance, but selling pressure prevailed, causing the group to post the largest loss in the market, falling 0.49%. Specifically, BSR declined 0.42%, PVB dropped 0.34%, and TMB slipped 0.42%… Most of the remaining stocks, including PVS, PVD, PVC, and CST, were range-bound.
Compared to the opening, the market continued to fluctuate, with the buying side holding a slight advantage. There were 286 gainers and 277 losers.
Source:Â VietstockFinance
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Market Open: Modest gains at the start
On August 30, as of 9:30 am, the VN-Index opened in positive territory, climbing to 1,286.03 points. Meanwhile, the HNX-Index also edged higher, reaching 238.01 points.
Bullish momentum prevailed in the VN30 basket, with 5 decliners, 22 advancers, and 3 stocks ending unchanged. Among them, VCB, TCB, and VIB were the top losers, while CTG, SSI, and BCM were the biggest gainers.
The healthcare sector was one of the most prominent industries in the early morning session. Stocks in this sector traded firmly in the green, including NDC, which hit the daily limit (+14.97%), DHT (+0.72%), AMV (+3.33%), TNH (+0.65%), and PBC (+1.35%)…
Additionally, the utilities sector contributed positively to the market’s performance this morning. Notable performers included GAS (+0.48%), STW, which surged to the daily limit (+14.76%), QTP (+0.68%), BWE (+0.68%), and BWS (+2.42%)…
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