Market Beat 18/09: Selling Pressure Mounts Towards Session’s End, VN-Index Retains Green Tint

Market liquidity increased compared to the previous trading session, with the VN-Index‘s matched trading volume reaching over 598 million shares, equivalent to a value of more than 14.8 trillion VND. The HNX-Index reached over 57.3 million shares, equivalent to a value of more than 947 billion VND.

The VN-Index began the afternoon session on a less favorable note, with selling pressure increasing again, but buying demand remained strong, helping the index stay in the green at the end of the session. In terms of impact, CTG, VCB, FPT, and HVN were the stocks with the most positive influence on the VN-Index, with an increase of over 2.8 points. On the other hand, HPG, VIC, VRE, and SAB had the most negative impact, but the impact was negligible.

Similarly, the HNX-Index also had a positive performance, with positive influences from stocks such as MBS (+2.55%), SHS (+2%), PVS (+0.5%), and IDC (+0.34%)…

The telecommunications sector was the group with the strongest gain, increasing by 7.77%, mainly driven by stocks such as VGI (+9.76%), CTR (+6.98%), FOC (+2.15%), and ELC (+2.94%). This was followed by the information technology sector and the healthcare sector, with increases of 1.36% and 0.97%, respectively. On the other hand, the materials sector saw the largest decline in the market, falling by -0.18%, mainly due to HPG (-0.59%), DGC (-0.18%), DCM (-0.4%), and GVR (-0.14%).

In terms of foreign investors’ transactions, they continued to net buy over 306 billion VND on the HOSE exchange, focusing on stocks such as SSI (139.79 billion), FPT (104.58 billion), TCB (53.07 billion), and TPB (52.43 billion). On the HNX exchange, foreign investors net bought over 6 billion VND, focusing on IDC (13.63 billion), PVI (5.53 billion), PVS (3.54 billion), and MBS (2.85 billion).

Morning session: Expanding the gain

The market continued its positive recovery trend on September 18, 2024. By midday, the VN-Index rose sharply by 12.02 points, or 0.95%, to 1,270.97 points, while the HNX-Index increased by 0.51% to 233.49 points. Buying pressure dominated the market, with 426 stocks rising and 172 falling.

Liquidity also improved in the morning session, with the VN-Index‘s matched trading volume reaching over 302 million units, equivalent to a value of more than 7.7 trillion VND, an increase of nearly 64% compared to the previous low. The HNX-Index recorded a matched trading volume of over 30 million units, with a value of nearly 505 billion VND.

Source: VietstockFinance

VCB, CTG, and BID were the three main pillars positively influencing the market, helping the VN-Index increase by more than 4 points. On the other hand, the stocks with the most negative impact included BCM, NAB, and KDH, but the impact was insignificant.

All industry groups were covered in green. Notably, the telecommunications group stood out with a 7.79% increase. Large-cap stocks in this group surged, including VGI (+9.76%), CTR (+6.98%), FOX (+2.14%), and VNZ (+4.31%).

Following closely were the information technology and healthcare sectors, with increases of 1.54% and 1.27%, respectively. Notable performers in these two groups included FPT (+1.43%), CMG (+3.93%); IMP and FIT hit the ceiling price, LDP (+8.81%), DAN (+9.28%), DVN (+2.72%), and DTP (+1.81%).

In the financial sector, most securities stocks recorded outstanding gains, typically HCM (+5.86%), VDS (+4.65%), VFS (+3.76%), MBS (+3.64%), SHS (+3.33%), and SSI (+3.06%). In addition, most of the “king” stocks were also covered in green, contributing significantly to the rise of the overall index, such as VCB (+1.44%), BID (+1.13%), CTG (+3.58%), TCB (+1.32%), STB (+1.68%), SSB (+1.62%),… However, several insurance stocks witnessed negative performance, notably BIC (-1.29%), PVI (-0.44%), PTI (-2.05%), and AIC (-1.72%). Meanwhile, BVH, MIG, and BMI gained slightly below 1%.

Foreign investors continued to net buy in the morning session, with a value of over 200 billion VND on the HOSE exchange. FPT remained the stock favored by foreign investors, with the highest net buying value of over 88 billion VND. In contrast, VPB and KDH were the two stocks that foreign investors net sold the most (over 50 billion VND).

10:30 am: Investors’ sentiment continues to improve

The positive sentiment from the previous gaining session helped the main indices maintain their upward momentum. The VN-Index rose 5.53 points to around 1,264 points, while the HNX-Index gained 0.63 points to trade around 232 points.

The breadth of the VN30 constituent stocks was mostly positive. Notably, VHM, FPT, SSB, and MWG contributed 0.99 points, 0.69 points, 0.38 points, and 0.35 points to the VN30 index, respectively. On the other hand, HDB, ACB, HPG, and SHB were the stocks with the most negative impact, but their influence on the index was not significant.

Source: VietstockFinance

Telecommunications stocks were in the green zone from the beginning of the session. Specifically, VGI rose by 5.37%, CTR increased by 4.74%, FOC gained 1.69%, and ELC advanced by 1.47%… In addition, this industry group has outperformed the VN-Index year-to-date. Although it experienced a significant decline from July 2024 to the present, it remains the top-performing sector in the market.

Source: VietstockFinance

Following closely, the healthcare sector also contributed to the market’s upward momentum, although the performance was still mixed. Specifically, on the recovery side, IMP rose by 6.93%, DCL increased by 1.12%, DBD gained 0.95%, and DVN advanced by 1.95%… Meanwhile, NDC, PMC, TRA, and DMC remained unchanged, while some stocks faced selling pressure, such as DP3 falling by 0.78%, DTG dropping by 2.02%, and TNH declining by 0.23%…

Compared to the opening, buying pressure remained dominant. There were 362 advancing stocks and 173 declining stocks.

Source: VietstockFinance

Opening: Caution from the start

On September 18, 2024, at 9:30 am, the VN-Index fluctuated around the reference level, reaching 1,258.09 points. Meanwhile, the HNX-Index gained slightly, climbing to 232.56 points.

The government has recently issued Resolution No. 143/NQ-CP dated September 17, 2024, on key tasks and solutions to urgently overcome the consequences of Storm No. 3 (Yagi), quickly stabilize the situation of the people, promote production and business recovery, actively boost economic growth, and control inflation.

According to the resolution, the total damage caused by Storm No. 3 is estimated at over 50,000 billion VND. It is predicted that the storm may reduce the country’s GDP growth rate by about 0.15% compared to the scenario of achieving a growth rate of 6.8-7%. The economic growth rate of many localities such as Hai Phong, Quang Ninh, Thai Nguyen, and Lao Cai may decrease by more than 0.5%.

As of 9:30 am, large-cap stocks like GVR, VHM, and GAS led the market with an increase of nearly 1 point. On the other hand, stocks such as VCB, ACB, and VPB weighed on the market, dragging the indices down by more than 0.5 points.

Ly Hoa

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