Although the VN-Index only slightly increased by 3.24 points (+0.25%) by the end of this morning’s session, it remained above the reference line throughout, indicating a positive overall trend. This can be attributed to the influx of buying power, even at higher price points. Blue-chip stocks are leading the charge in terms of both points and liquidity, accounting for over half of the market.
The trading dynamics continue to exhibit frequent fluctuations, and this morning was no exception. At its peak, the VN-Index rose 4.8 points above the reference line, while at its lowest, it was still up by more than 1 point. The narrow range of fluctuations and the dominance of green prices are evident, with 192 stocks rising and 136 falling at the narrowest point.
This development is a positive sign, given the previous sessions’ volatility, which saw the index briefly dipping below the reference line. Currently, buyers are comfortable with higher price points, and sellers are less aggressive at red prices. By the end of the morning session, the VN-Index had 218 gainers and 134 losers, with the winners accounting for 67% of the total trading volume on the exchange.
The blue-chip VN30 index is leading the charge in terms of point gains, ending the session 0.41% higher. Midcap and Smallcap indices also posted gains of 0.34% and 0.36%, respectively. Out of the blue-chip basket, 16 stocks rose while 11 fell, with their matching orders accounting for approximately 55.7% of the total matching value on the HoSE. Excluding MWG, which fell by 1.53%, SSI by 0.91%, and HDB by 0.92%, all other blue-chip stocks with liquidity exceeding 100 billion VND in the VN30 basket rose in value. Additionally, 9 out of the top 10 stocks contributing the most to the VN-Index’s gain belonged to this group.
However, in terms of margin, the VN30 group only contributed 4 stocks to the group that rose by more than 1%, namely ACB (+1.96%), HPG (+1.96%), VHM (+1.56%), and MSN (+1.33%). The HoSE floor still had 58 stocks rising by more than 1%, mostly in the medium and small groups, but they had little impact on the index. Many stocks with strong liquidity and good money flow include DBC, up 1.88% matching 221.6 billion; VTP up 6.41% matching 186.3 billion; KBC up 1.99% matching 121.4 billion; HAH up 1.45% matching 113.3 billion. Codes such as QCG, SGR, CTR, BMC, SZC, DPG, and KSB have much smaller liquidity but have all increased by 2% or more.
The current rate of increase in the VN-Index is not sufficient to stimulate a highly excited state. In reality, the index does not necessarily reflect the full picture of stock transactions, but when the VN-Index rises sharply, investors always feel more excited. This morning, VCB fell by 0.55%, BID by 0.1%, GAS by 0.28%, and VNM by 0.44%, significantly impacting the index. CTG, TCB, and VPB, the banking pillars, also showed weakness.
However, due to the significant reduction in selling pressure, especially as investors are reluctant to sell at red prices, stock price support is relatively favorable. At the end of the session, the VN-Index still had 134 red codes, but most fluctuated within a very narrow range, with only 39 stocks falling by more than 1%, and their liquidity accounted for less than 10% of the market. Most of the selling pressure was concentrated in MWG, which matched 540.3 billion VND, with the price falling by 1.53%.
Foreign investors are also stepping up their investments, with total buying value on HoSE increasing by 60% compared to yesterday morning, reaching 751.8 billion VND. Selling value also increased by about 30% to 829.4 billion VND, resulting in a slight net sell-off of 77.6 billion VND. The largest selling transactions were in MWG (-123.7 billion VND), STB (-48.2 billion VND), HDB (-47.6 billion VND), SSI (-44 billion VND), VPB (-32.2 billion VND), CTG (-28.3 billion VND), and PVD (-23.6 billion) . Notable buying transactions included HPG (+111.7 billion VND), TCB (+82.3 billion VND), DBC (+42.8 billion VND), and VTP (+20.2 billion VND).
