Today’s trading session lacked any significant catalysts to drive market activity. Neither the buyers nor the sellers showed strong conviction, resulting in low liquidity. The HoSE exchange recorded approximately 9,520 billion VND in matched transactions, with four out of the last six sessions falling below the 10,000 billion VND threshold. Stock prices mostly fluctuated within a narrow range, particularly the large-cap stocks, causing the Vn-Index to hover around 1,251 points. It briefly dipped into negative territory but managed to eke out a minor gain of 0.75 points by the end of the session.
Despite the slight gain in the index, the market breadth leaned towards decliners, with 221 losing stocks compared to 147 gainers. The banking sector emerged as the main pillar of support for the index, with notable advances in stocks such as VCB and LBP, contributing almost two points to the index. Additionally, CTG, BVH, and PNJ from the financial services sector also played a crucial role in pushing the index above the reference level.
The telecommunications sector garnered positive attention, registering a collective gain of 2.3%. Meanwhile, the materials sector mirrored this performance, climbing by 0.44%. On the flip side, the real estate and securities sectors underwent mild corrections, with the former witnessing an average decline of over 1% in stocks like VHM, KDH, DXG, PDR, and NLG. In contrast, the industrial real estate group remained resilient, sporting lush green gains.
The food and beverage, energy, and information technology sectors also faced selling pressure, weighing down the index. The top stocks dragging the index included FPT, BID, GAS, MSN, and VIC. Combined, these stocks exerted a downward force on the market.
Total matched transactions across the three exchanges reached 13,400 billion VND, with foreign investors registering strong net selling after six consecutive sessions of net buying. Their net selling value exceeded 424.5 billion VND, and specifically in matched transactions, they net sold 310.2 billion VND.
Foreign investors focused their net buying on the banking, consumer goods, and household goods sectors. The top stocks they net bought included CTG, TCB, VPB, LPB, PNJ, TLG, VND, MWG, FUEVFVND, and HVN. On the other hand, they net sold stocks in the real estate sector, with FPT, VRE, KDH, STB, HPG, NLG, VIC, MSN, and KDC being the top stocks in this category.
Individual investors net bought 442.4 billion VND, with 339.9 billion VND in net buying for matched transactions. In matched transactions, they net bought 11 out of 18 sectors, primarily focusing on the real estate sector. Their top net bought stocks included VRE, STB, VHM, SSI, KDH, HPG, MSN, VIC, NLG, and VCB. On the selling side, they net sold 7 out of 18 sectors, mainly offloading consumer goods, construction, and materials stocks. The top stocks in this category were LPB, CTG, VCI, FPT, TLG, VGC, VND, REE, and BWE.
Proprietary trading resulted in a net buy position of 69.9 billion VND, while matched transactions showed a net sell position of 147.0 billion VND. In matched transactions, proprietary trading showed a net buy position in 4 out of 18 sectors, with the information technology and chemicals sectors being the most prominent. The top net bought stocks by proprietary trading included FPT, DCM, HAH, SBT, FRT, DBC, HCM, GVR, HT1, and SIP. Conversely, they net sold stocks in the banking sector, with the top stocks in this category being VHM, HPG, VPB, TCB, MBB, VNM, MSN, ACB, PNJ, and TPB.
Domestic institutional investors net sold 208.1 billion VND, while their net buying in matched transactions stood at 117.3 billion VND. In matched transactions, domestic institutions net sold 9 out of 18 sectors, with the chemicals sector witnessing the highest net selling value. The top net sold stocks by these investors included TCB, SSI, DCM, MWG, PNJ, CTG, SIP, FRT, VHM, and FUEVFVND. Conversely, they focused their net buying on the information technology sector, with FPT, HPG, VCI, VCB, VGC, KDH, ACB, REE, MBB, and BWE being the top stocks in this category.
Block trades today amounted to 2,911.5 billion VND, a substantial increase of 42.7% compared to the previous session, contributing 21.7% to the total trading value. Notably, there was a significant block trade involving VPB, where domestic institutions net sold 12.5 million units worth 247.5 billion VND to proprietary trading. Additionally, there were block trades between foreign institutions in stocks like ACB, MBB, FPT, PNJ, and TNH.
Individual investors remained active in the banking sector stocks (EIB, MSB, LPB, HDB) and large-cap stocks (FPT, VHM, HPG) and KDH. In terms of fund flow, the real estate, banking, construction, steel, oil and gas, warehousing, and logistics sectors witnessed increased allocations, while the securities, agricultural and marine products, food, retail, software, and textile sectors experienced reduced allocations.
Specifically, in matched transactions, the mid-cap sector, VNMID, attracted a higher proportion of funds, while the large-cap, VN30, and small-cap, VNSML, sectors witnessed a decrease in fund allocation.
