Although the VN-Index only slightly increased by 3.24 points (+0.25%) by the end of this morningโs session, it remained above the reference level for the entire duration, indicating a positive overall trend. This can be attributed to investorsโ willingness to purchase at higher price levels. Blue-chip stocks are leading the way in terms of both index gains and liquidity, accounting for more than 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 level, while at its lowest, it was still up by over 1 point. Thus, the range of fluctuations was relatively narrow, and even during the weakest period, there were 192 stocks rising compared to 136 falling, indicating a predominantly positive sentiment in the market.
This development is a positive sign, considering the previous sessionsโ ups and downs, which included dips below the reference level. Currently, investors are comfortable buying at higher prices, and there isnโt a significant presence of sellers at red levels. By the end of the morning session, the VN-Index had 218 gainers and 134 losers, with the liquidity of the rising group accounting for 67% of the total trading volume on the exchange.
In terms of index gains, the blue-chip VN30 group is clearly leading the way. The VN30-Index ended the session with a 0.41% increase, while the Midcap and Smallcap indices rose by 0.34% and 0.36%, respectively. Out of the blue-chip basket, 16 stocks advanced while 11 declined, and their trading volume accounted for approximately 55.7% of the total trading value on the HoSE. Excluding three stocksโMWG, which fell by 1.53%, SSI by 0.91%, and HDB by 0.92%โall other blue-chip stocks with liquidity exceeding 100 billion VND in the VN30 basket recorded gains. Furthermore, out of the top 10 stocks contributing the most to the VN-Indexโs gains, nine were from this basket.
However, in terms of margin, the VN30 group contributed only four stocks to the group of 58 stocks that rose by more than 1%. These included ACB, which increased by 1.96%, HPG by 1.96%, VHM by 1.56%, and MSN by 1.33%. Many stocks witnessed robust trading and healthy liquidity, such as DBC, which rose by 1.88% with a trading volume of 221.6 billion VND; VTP, which climbed by 6.41% with a volume of 186.3 billion VND; KBC, up by 1.99% with a volume of 121.4 billion VND; and HAH, which gained 1.45% with a volume of 113.3 billion VND. Several other stocks, including QCG, SGR, CTR, BMC, SZC, DPG, and KSB, also experienced notable gains of over 2%, despite having significantly lower liquidity.
At present, the VN-Indexโs rate of increase is not high enough to trigger a state of high excitement in the market. While the index doesnโt necessarily reflect the performance of individual stocks, a strong rise in the VN-Index often boosts investor confidence. This morning, however, a decline in some major stocks, such as VCB by 0.55%, BID by 0.1%, GAS by 0.28%, and VNM by 0.44%, had a noticeable impact on the index gains. Additionally, CTG, TCB, and VPB, which are banking pillars, didnโt show significant strength.
Nevertheless, due to a considerable reduction in selling pressure, especially as investors are reluctant to sell at red levels, stock price stability is achievable. While the VN-Index ended the session with 134 stocks in the red, most of these fluctuations were minimal. Only 39 stocks experienced declines of more than 1%, and their trading volume accounted for less than 10% of the market. The majority of these sales were concentrated in MWG, which traded at 540.3 billion VND, resulting in a 1.53% drop.
Foreign investors are also showing improved participation, with their total buying value on HoSE increasing by 60% compared to yesterday morning, reaching 751.8 billion VND. Their selling value also rose by approximately 30%, totaling 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 VND). Notable buying activity was observed in HPG (+111.7 billion VND), TCB (+82.3 billion VND), DBC (+42.8 billion VND), and VTP (+20.2 billion VND).
