The market bounced back strongly today after a historic rout, with a broad-based recovery across all sectors. The VN-Index closed nearly 14 points higher, climbing towards the 1,211 level, a gain of 1.16%, with a positive breadth of 416 gainers versus 120 losers.
Real estate continued to lead the overall market, with VHM up 1.75% and other real estate stocks surging, including VRE (6.55%), BCM (5.77%), DXG (5.36%), and KDH, DIG, IDC, NVL, and KBC among others. Many small-cap stocks also hit the daily limit-up, such as DXS, SZG, and SCR. There was a notable rotation in the banking sector, as VCB, STB, SHB, and SSB, which had driven the market higher yesterday, retreated today, while CTG, BID, TCB, MBB, ACB, and LPB gained ground.
Overall, only four stocks declined, with the rest of the market in positive territory. Securities stocks soared, with EVS, APG, and SBS hitting the daily limit, while larger peers like SSI, VCI, HCM, and MBS also posted solid gains. In the mid- and small-cap space, telecommunications stocks shone, with CTR reaching the daily limit, VGI surging 9.93%, and FOX climbing 1.78%. In the materials sector, HSG and BMP also hit the ceiling price, alongside strong gains in HPG, GVR, VGC, MSR, DGC, and DPM.
The market is currently supported by a significant amount of sidelined capital, ready to step in on any sharp dips. Today’s total matched volume across the three exchanges reached nearly VND 21,000 billion, with foreign investors net selling VND 114.6 billion. However, when excluding block trades, they were net buyers, focusing on the Food & Beverage and Real Estate sectors. Their top net bought stocks via matched orders were BAF, VIC, HPG, BMP, MSN, VHM, DXG, VNM, TCH, and FRT. On the selling side, they offloaded FPT, MBB, SHB, FTS, VPB, TPB, GMD, HAH, and VCG.
Individual investors net sold VND 516.1 billion, with a net sell figure of VND 541.1 billion via matched orders. When excluding block trades, they net bought 8 out of 18 sectors, mainly in Financial Services. Their top net bought stocks were MBB, FPT, GMD, VIX, GVR, SHB, KBC, FTS, HCM, and VCG. On the net selling side, they offloaded 10 out of 18 sectors, primarily in Real Estate and Food & Beverage. Their top net sold stocks were VHM, VIC, MSN, ACB, STB, BAF, DXG, MWG, and HPG.
Proprietary trading accounts were net buyers to the tune of VND 663.1 billion, with a net buy figure of VND 667.5 billion via matched orders. Excluding block trades, they net bought 10 out of 18 sectors, with the strongest purchases in Banking and Food & Beverage. Their top net bought stocks via matched orders were FPT, ACB, VIC, TCB, VPB, MWG, VNM, LPB, MSN, and HPG. On the selling side, they offloaded Construction and Materials stocks, with top sells including VCI, VRE, CTR, BCM, VHC, BCG, BMP, FRT, PNJ, and REE.
Local institutions net sold VND 55.2 billion, with a net sell figure of VND 15.1 billion via matched orders. Excluding block trades, they net sold 10 out of 18 sectors, mainly in Financial Services. Their top net sold stocks were TCB, VNM, EIB, HPG, VIX, GMD, DCM, GVR, HCM, and KBC. On the buying side, they focused on Real Estate. Their top net bought stocks were VHM, VRE, STB, MSN, VIC, DXG, REE, VPB, CTD, and VSC.
Block trades today amounted to VND 2,144.4 billion, down 12.8% from the previous session, contributing 10.4% of the total trading value. Notably, there was a block trade in LGC, with over 3.8 million shares worth VND 167.5 billion changing hands between local institutions. Individual investors continued to trade in the Banking sector (SSB, EIB, STB, HDB, TCB, VIB), large-cap stocks (VHM, FPT, MSN), and KDC.
The money flow across sectors showed an increase in allocation towards Real Estate, Chemicals, Agriculture & Seafood, Software, Building Materials & Interiors, Plastics & Rubber, and a decrease in allocation towards Banking, Securities, Construction, Electrical Equipment, Oil & Gas, and Power & Utilities.
Focusing on matched orders, the money flow across market caps showed an increase in allocation towards large-cap (VN30) and small-cap (VNSML) stocks, while mid-cap (VNMID) stocks saw a decrease in allocation.
“The Super Pillar” Returns: VN-Index Surges Past 1220 Points as Foreign Investors Turn Net Buyers
The morning’s trading conundrum continued for a few minutes into the afternoon session, culminating in an explosive surge. VIC and VHM, the prominent large-cap stocks, led the charge, propelling a host of other blue-chips to significant gains. The VN-Index closed above the crucial 1220-point mark, as foreign investors also unexpectedly ramped up their buying activity.
The Red Hot Electric Board: VN-Index Plunges Below the 1200-Point Mark, Foreigners Sell Off in the Highest 7 Sessions
The significant weakening of pillars, coupled with unfavorable developments in the international market, sent Vietnamese stocks into a sharp decline this morning. Investors tried to offload their positions, and while it didn’t quite turn into a panic sell-off, it still resulted in hundreds of stocks plunging. The VN-Index tumbled to 1,189.07 points…
The Roaring Mid and Small-Caps
The blue-chips’ steady hand is guiding the market with a confident stride. Lower liquidity and selling pressure advantageously brightened the mid and small-cap space this morning.
The Stock Market Slump: VN-Index Plunges Towards 1200 Points
Concerns about pressure from large-cap stocks, particularly VIC, are being realized. VCB is the sole pillar trying to swim against the tide, but it’s unable to counterbalance the decline of numerous other large-cap stocks. The VN-Index plummeted throughout the morning session, closing at its lowest point, down nearly 13 points, or -1.06%, at 1,206.15.
Bank Stocks Under Pressure, VN-Index Holds Firm Above 1,220 Points
The stellar performance of VIC and VHM was instrumental in keeping the VN-Index firmly above the 1,220-point mark and driving a strong finish to the session. The rebalancing activities of the VN30-tracking ETF funds put significant selling pressure on bank stocks, but the resilience of these two heavyweights helped offset this.
