The Middle East tension suddenly escalated before the domestic market opened, heavily impacting the stock market. While the VN-Index was well-supported by some large-cap stocks, a deep plunge was witnessed in hundreds of other stocks. The index closed slightly down by 0.57%, but a staggering 107 stocks witnessed a decline of over 2%, not to mention nearly 70 others that fell between 1% and 2%, or on the HNX.
The day’s breadth recorded 67 gainers/259 losers on the HoSE. With the decline dominating, the VN-Index diverged from the actual market movement.
One of the main supports for the index was the oil and gas sector. The Middle East tension caused oil prices to soar, and this sector witnessed strength from the morning session, sustaining it throughout the day. Among the top 10 stocks contributing the most to the VN-Index’s performance were GAS, up 2.55%; PLX, up 6.95%; BSR, up 5.41%; and PVD, up 5.68%.
Additionally, other oil and gas stocks also witnessed strong performance, such as OIL, up 8.49%; PVC, up 10%; PVB, up 4.21%; PVG, up 1.52%; PVS, up 6.75%; PTV, up 8.11%; and POS, up 6.67%…
Some bank stocks also played a significant role in supporting the index, including CTG, up 3.64%; TCB, up 0.81%; BID, up 0.71%; VCB, up 0.36%; and MBB, up 0.61%. The advantage of these stocks was their large market capitalization, while in reality, only 7 out of 27 stocks in this sector were in the green. Many stocks still declined following the overall trend, with some even witnessing sharp falls, such as SHB, down 3.01%; EIB, down 1.95%; and NVB, down 1.75%…
Selling pressure persisted throughout today’s session despite the VN-Index witnessing several fluctuations and even recovering close to the reference level. By the morning session, the index had lost 10.51 points (-0.79%) and closed the day down 7.5 points (-0.57%). However, while there were over 80 stocks that declined by more than 2% in the morning, this number increased to 107 in the afternoon. This alone indicates that the actual stock prices weakened despite the improved index level.
The selling pressure was immense, with dozens of stocks witnessing high trading liquidity in the range of hundreds of billions of VND, along with sharp declines: VIX, down 2.99%; SSI, down 2.11%; DIG, down 5.9%; VND, down 2.12%; CII, down 2.09%; TCH, down 4.27%; PDR, down 3.74%; VCI, down 2.21%; EVF, down 4.69%… with liquidity ranging from 250 billion to over 800 billion VND each. Many stocks even witnessed declines of 4-5% with very high trading volumes of over 100 billion VND, such as HVN, HDC, VTP, HAG, KBC, and NTL…
Among the 67 stocks that went against the trend, the trading activity was mainly concentrated in the 10 strongest stocks, which were mostly oil and gas and bank stocks. Additionally, DPM, up 1.42% with a matching volume of 256.5 billion VND; CSV, up 2.82% with 157 billion VND; YEG, up 4.3% with 128.2 billion VND; and KHG, up 2.2% with 123.9 billion VND, were among the top performers. These stocks demonstrated a convincing ability to buck the trend, while the remaining stocks mostly had modest trading volumes.
The most significant impact of the slight decline in the index was the creation of a sense of safety as the VN-Index’s trend remained intact. During the session, the index even briefly dipped below the week’s lowest level, reaching 1304.12 points. The large-cap stocks’ support, which reduced the index’s loss, resulted in a “hammer” candle, often considered positive, especially with the HoSE’s liquidity surpassing 26 trillion VND, the highest in the last 35 sessions.
However, in reality, the extremely high liquidity was not entirely positive as stock dumping was widespread, and bottom-fishing to support prices was not evident. The potential for stock recovery is minimal, and numerous stocks remain “submerged” below the reference level. Bottom fishers are taking advantage of the market’s volatility to purchase stocks at very low prices.
Stock Market Outlook for June 9-13, 2025: Intense Tug-of-War
The VN-Index curbed its decline and concluded a volatile trading week, characterized by alternating sessions of gains and losses since dipping below the Middle Bollinger Band. Presently, the index is undergoing a short-term correction, with a crucial support zone hovering around the 1,300-point mark. Maintaining this level is essential to mitigate the risk of further significant declines in the near term. Additionally, a sustained net buying spree by foreign investors would positively influence investor sentiment.
Stock Market Insights: Advantage for the Cash-Rich
The market surprisingly favored the cash holders, even though no one anticipated the overnight missile pass. Much like the tariff tumble, it was a miraculous blessing for the stock market!
The Foreigners’ Session: Net Buying Returns with a Bang, Snapping Up Stocks Worth Over VND 400 Billion, Defying the Sell-Off in Bank Shares
In the buying session, HPG witnessed the strongest net buying across the market, with a value of VND 222 billion.
Technical Analysis for June 13: Risk Signals Start to Emerge
The VN-Index and HNX-Index both witnessed a slight dip in the morning session, accompanied by an uptick in liquidity. This indicates a somewhat cautious sentiment among investors, as they navigate the current market landscape with a touch of hesitancy.
Unlocking Mid-Term Growth Opportunities: Insights from ABS Research
“The ABS Research team’s June strategic report highlights an optimistic outlook for the market’s mid-term growth trajectory. This positive prognosis is attributed to the favorable outcomes of trade negotiations and the government’s proactive efforts.”
