VN-Index surpasses the psychological threshold of 1,300 points, more than 21,000 billion VND poured into the market

Báo Đầu tưBáo Đầu tư28/02/2025

Liquidity was vibrant with transaction value reaching the highest level in the past 5 months. Although the green color was not really overwhelming, the rise of many pillars, especially Hoa Phat, helped VN-Index break through the 1,300 point mark.


VN-Index surpasses the psychological threshold of 1,300 points, more than 21,000 billion VND poured into the market

Liquidity was vibrant with transaction value reaching the highest level in the past 5 months. Although the green color was not really overwhelming, the rise of many pillars, especially Hoa Phat, helped VN-Index break through the 1,300 point mark.

For the third time since May 2022, the VN-Index has maintained a closing price above the 1,300-point mark, after the last time in June 2024 and further in June 2022. The breakout from the psychological threshold today comes after a week of gains (+1.62%) and a strong improvement in liquidity (+22.8%). The stock market traded sideways for most of the time but broke out in the second half of the afternoon session and closed at its highest level.

In the morning session, buying and selling forces were equal, VN-Index continuously fluctuated around the reference level in the morning session of February 24. Although there were times when the index increased positively, surpassing 1,300 points, the selling pressure increased as the index approached the important resistance level, causing the increase to narrow.

  In the afternoon session, in the context of VN-Index failing to challenge the 1,300-point mark, this increased selling pressure and pushed many stocks back below the reference level. VN-Index therefore also reversed and decreased again. However, the differentiation was quite strong and the market still had good support from many other large-cap stocks, which helped the decline of VN-Index not be too strong. Unexpected developments occurred after 2 p.m., demand increased and focused strongly on some pillar stocks as well as stocks with leading factors such as securities, steel, banking, etc.

At the end of the trading session, VN-Index increased by 7.81 points (0.6%) to 1,304.56 points. HNX-Index increased by 0.92 points (0.39%) to 239.49 points. UPCoM-Index decreased by 0.4 points (-0.4%) to 100.21 points.

Hoa Phat shares became the focus of the session on February 24.

Green did not really dominate the market when 379 stocks increased, but there were also 373 stocks decreased and 802 stocks remained unchanged/no trading. The whole market recorded 40 stocks hitting the ceiling but there were also 15 stocks hitting the floor.

Hoa Phat shares were the bright spot of the market right from the beginning of the session. Last weekend, on February 21, 2025, the Ministry of Industry and Trade issued Decision No. 460/QD-BCT on the application of temporary anti-dumping tax on some hot-rolled steel products originating from the Republic of India (India) and the People's Republic of China (China). Accordingly, the temporary anti-dumping tax (CBPG) applied to investigated goods from China is from 19.38% to 27.83%. The decision will take effect 15 days after its issuance.

HPG shares hit the ceiling price of VND28,300/share. However, selling pressure immediately increased, causing this stock to only hit the ceiling price in a very short time after the opening order matching session (ATO). However, demand for HPG was still very good, so this stock closed up 4.73% to VND27,700/share. Other steel stocks such as TVN, TLH, NKG, HSG... also increased in price in today's session.

Large-cap stocks traded actively, creating a big boost for the VN-Index to surpass 1,300 points. VNM unexpectedly increased by nearly 4% to VND63,800/share. HPG and VNM were the two stocks that contributed the most to the VN-Index's rise. These two stocks contributed 1.91 points and 1.2 points to the index, respectively. In addition, stocks such as VCB, CTG, HDB, BID, etc. also increased in price well.

In terms of industry groups, the stock market recorded an explosive trading session. In the context of the market slowing down during the session, this group of stocks increased in price and helped the cash flow spread more. BSI was pulled up to the ceiling price, FTS increased by 6.6%, VDS increased by 3.5%, SSI increased by 2%, HCM increased by 2.34%.

On the other hand, two stocks, FPT and FRT, put great pressure on the general market. FPT fell 1.06% and took away 0.53 points from the VN-Index. FRT fell sharply by 2.8% and took away 0.17 points. Some stocks that negatively affected the VN-Index today include HVN, VTP, BCM, etc. Strong selling pressure also appeared in the group of mineral stocks after a few recovery sessions, but selling pressure was recorded. Stocks KSV, MGC, MTA, etc. were all pulled down to the floor price. MSR also fell nearly 14%.

Foreign investors continue to net sell.

The total trading volume on HoSE reached more than 892 million shares, equivalent to a total trading value of VND21,100 billion, up 32% compared to the previous session, with negotiated transactions contributing VND2,550 billion. The trading value on HNX and UPCoM reached VND1,113 billion and VND832 billion, respectively. HPG ranked first in terms of total market transactions with a value of VND2,068 billion. FPT ranked second with a value of VND1,052 billion.

In this conquest of the 1,300-point mark, the VN-Index's efforts to increase points from mid-January 2025 to now have not been accompanied by foreign capital flows. The number of net buying sessions by foreign investors in the past month can be counted on the fingers of one hand.

In today's session, despite the market booming with a sudden increase in transaction cash flow, the value in both buying and selling directions did not increase too much. Foreign investors' buying and selling values ​​were similar to previous sessions. Foreign investors continued to net sell 282 billion VND in the whole market, in which foreign investors net sold the most FPT code with 250 billion VND. HPG and FRT were net sold 152 billion VND and 71 billion VND respectively. In contrast, VNM was net bought the most with 193 billion VND. MWG and SHB were net bought 130 billion VND and 50 billion VND.



Source: https://baodautu.vn/vn-index-vuot-nguong-tam-ly-1300-diem-hon-21000-ty-dong-do-vao-thi-truong-d248819.html

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