Stock market reverses course

Trading below the reference level since late morning, a sudden influx of capital at the end of the day helped the VN-Index close the session up more than 6 points, ending a streak of 4 consecutive days of declines.

At the opening of today's session, the benchmark index of the HoSE exchange showed an upward trend. However, the VN-Index quickly fluctuated, at times falling below the reference level, before recovering but within a narrow range. Towards the end of the morning, selling pressure increased, causing the index to retreat below the reference level.

The red color persisted into the afternoon session. Around 2 PM, strong buying and selling pressure emerged, after which investors unexpectedly accumulated shares in individual stocks with strong capital inflows, causing the index to rise rapidly. At the close of the session, the VN-Index reached over 1,111.7 points, gradually recovering to the level seen at the end of last week.

On the HoSE exchange, 298 stocks increased, more than double the number that decreased. According to statistics from Vietcombank Securities Company (VCBS), active buying accounted for 65% of the market, indicating that bottom-fishing capital is gradually returning.

Leading the market in both liquidity and points were the financial, industrial, real estate, and materials sectors. According to VNDirect, the top 10 stocks today were mostly real estate companies, led by CII, followed by EVG, NTL, LDG, and HHV.

The real estate sector's stock market was dominated by green. Three stocks saw double-digit price increases (LAI, E29, and BVL) and four hit their upper limit (LDG, NTL, CII, and ITC), but most had low liquidity. CII alone attracted over 434 billion VND in inflows, ranking third on the HoSE exchange with a 6.9% increase in market value. Many other large-cap stocks in the sector also saw strong gains, such as KBC, DXG, PDR, and NVL.

The securities sector today held the two most liquid stocks on the market. VND recorded nearly 570 billion VND in trading value, with its share price increasing by 2.1%. Meanwhile, SSI had a liquidity of nearly 488 billion VND, with its share price increasing by 1.2%. Most stocks in this sector gained additional share price compared to the reference price.

Liquidity on the Ho Chi Minh City stock exchange decreased slightly today to over 13,600 billion VND. This is the lowest level since May 26th. Foreign investors continued to be net sellers with a net selling amount of over 400 billion VND. VNM, SSI, and VCB were the three stocks that recorded the most selling by foreign investors.

Tat Dat

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