Retail stocks attract cash flow

Stocks like FRT, MWG, and DGW surged, making retail one of the standout sectors in today's nearly 9-point stock market rally.

The VN-Index opened in the red, still reeling from the sell-off in the previous session. The HoSE index then recovered to its reference level. Around 10 am, the index fluctuated again but quickly rebounded thanks to increased buying pressure and a widespread green trend across the board, especially in the midcap group.

In the afternoon, the index maintained its upward momentum, fluctuating only slightly. The VN-Index closed at 1,173 points, up nearly 9 points from yesterday.

On the HoSE exchange, 270 stocks rose, while 177 stocks declined. The chemical, technology, and retail sectors led the gains in the sector index.

Retail stocks attracted investment from the morning and maintained strong performance until the close of trading. MWG was the second most liquid stock on the market, with its share price increasing by 2.7%. FRT, despite having lower trading volume, accumulated a 3.1% gain. DGW also closed 1.5% higher than its reference price. PNJ edged up slightly by 0.2%.

The chemical and technology group saw two prominent stocks: GVR andFPT . Shares of Vietnam Rubber Industry Group surged to the ceiling price and ranked second among the stocks contributing the most to the VN-Index increase. FPT led the market in liquidity with nearly 770 billion VND, and its share price increased by 4.4%.

The market repeated the pattern of liquidity contrasting with the index. The total trading value on the HoSE reached nearly 15,300 billion VND, a decrease of more than 8,000 billion VND. Foreign investors continued to be net buyers for the third consecutive session, but the value decreased to just over 60 billion VND. They focused on buying PNJ, HPG, and MWG.

Vietcombank Securities (VCBS) advises investors to refrain from chasing rallies when stock prices have already risen sharply. Instead, they should consider taking advantage of upward movements to realize partial profits on stocks that have already experienced good gains. This analysis team believes that selling pressure still has the potential to unexpectedly increase at the strong resistance level around 1,180-1,190 points, especially in the remaining sessions before the long Lunar New Year holiday.

Siddhartha

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