Reversing at the last minute of the session thanks to Vingroup shares and bluechip groups, VN-Index increased more than 15 points, bringing the stock back to its highest level over the past 6 weeks.
VN-Index started in the green but was quickly pulled back below reference after completing trading orders at the opening price. Since then, the stock has struggled around the 1,700 point mark. In the second half of the morning, the general index fell completely below the reference when the number of stocks dyed red accounted for about two-thirds of the entire floor. The pillar stocks that had increased strongly before were facing profit-taking pressure which also created a negative impact, notably Vingroup’s VIC.
In the early afternoon, VN-Index gradually improved. After 14:00, the index representing the HoSE floor was pulled up to reference, sometimes approaching 1,720 points. However, the market lowered its height and there was a struggle during the ATC session.
Closing, VN-Index closed at above 1,717 points, up more than 15 points compared to yesterday. This is the 5th consecutive session, the stock has gone up and returned to the mid-October price range, over the past 6 weeks.
The situation of “green on the skin, red on the inside” continued to be recorded for the 4th consecutive session. Today, HoSE has 149 decreasing stocks, while the increasing side has 144 stocks. However, the difference is not as large as in previous sessions, showing that demand has gradually appeared.
VIC continues to be a stock that greatly influences the VN-Index. In the morning, Vingroup’s stock code faced profit-taking pressure and fell, but regained its green color in the afternoon session. VIC closed at 275,000 VND per unit, up 1.9% and continuing to set a new record. This code has the highest liquidity in the market with nearly 1,105 billion VND.
In addition to Vingroup shares, other bluechip codes also actively support the market such as VJC, TCB, VHM or GEE. Including the VN30 basket, the representative index increased nearly 17 points with 20 codes closing in green.
On the contrary, VPB is the stock with the most negative impact on the overall index. VPBank’s stock code decreased by 1.4% to 28,900 VND per unit.
During the session, the score continued to improve, but liquidity on the entire HoSE floor still went backwards. The total transaction value reached nearly 20,800 billion VND, down nearly 300 billion compared to yesterday.
The bright spot is that foreign investors returned to net buy about 637 billion VND. This is the highest level in nearly a month. VJC, VIC, TCB, MBB, VNM and FPT are stocks that attract cash flow from this sector.
In the news before trading hours, VPBank Securities (VPX) said that in the short-term scenario, the market will fluctuate around the 1,690-1,700 point range. Therefore, investors can trade T+ (short-term trading) with a moderate proportion of midcap codes or stock groups that are recovering strongly, but do not chase the resistance area of 1,700-1,710 points.
At the same time, continue to take profits with stocks purchased at the T+ rhythm in previous sessions. Investors need to maintain a portfolio proportion of 40-60% of stocks, prioritizing risk management in groups that have increased rapidly or are close to resistance.