Technology stocks surge, VN-Index rises nearly 7 points.

The VN-Index maintained its positive momentum thanks to the push from many large-cap stocks. Foreign investors continued their strong net selling trend, negatively impacting investor sentiment.

Entering the January 17th session, caution returned, leading to strong divergence in the overall market. The VN-Index fell below the reference level right from the start of the session, but the decline wasn't too significant as sellers weren't overly decisive. The index lost the 1,240-point mark and fluctuated around it for a short period. Immediately afterward, bargain-hunting demand entered the market, helping the index gradually recover. For the remainder of the morning trading session, the VN-Index fluctuated with alternating periods of gains and losses.

In the afternoon trading session, the market showed a more positive trend as green gradually dominated the electronic board. The VN-Index maintained a good upward momentum until the end of the trading session. However, demand remained weak, so there weren't many significant spikes today. The market continued to rise amidst very low liquidity, indicating that capital was not yet ready to enter the market, and investor sentiment remained skeptical.

At the close of trading, the VN-Index rose 6.75 points (0.54%) to 1,249.11 points. The HNX-Index increased 1.64 points (0.74%) to 222.48 points. The UPCoM-Index gained 0.69 points (0.75%) to 93.11 points.

The entire market recorded 457 gainers, while only 240 declined and 850 remained unchanged/did not trade. Today's session saw 41 stocks hit their upper limit and 20 stocks hit their lower limit.

The VN30 group also saw a dominant green color, with 20 stocks rising while only 5 declined. Stocks like TCB,FPT , HDB, and CTG all saw significant price increases, contributing greatly to the VN-Index's rise. TCB increased by 2.3%, contributing the most to the VN-Index with 0.92 points. FPT rose by 1.7%, contributing 0.87 points. HDB rebounded strongly by 3.7%, also contributing 0.66 points.

Conversely, SAB, VCB, MSN, GAS… were among the few large-cap stocks that declined today, somewhat hindering the VN-Index. VCB fell 0.22% and had the most negative impact on the VN-Index, deducting 0.29 points. SAB fell 1.11% and also deducted 0.19 points from the index.

Top 10 stocks impacting the VN-Index on January 17th.

FPT's breakout boosted the trading activity of numerous technology stocks. ELC, in particular, reached its ceiling price. ICT rose 5.8%, CMG increased 2.9%, and so on. Trading was also positive in the real estate sector, with CEO leading the way. At the close, CEO rose 4% to 12,600 VND per share. Stocks like TCH, NHA, HDC, HDG, NTL… also saw price increases today.

The group of stocks believed to benefit from public investment, while not experiencing a sharp price increase, showed overwhelming gains. KSB rose 1.6%, LCG 1.44%, PLC 1.2%, and so on.

Following that, industrial park stocks including SNZ, DTD, SIP, SZC, VGC… all rose above their reference levels. SNZ increased by more than 8%, DTD by 2.5%, and SIP also increased by more than 2%.

Stocks in the port and shipping sector, as well as textiles, also saw significant price increases today.

Foreign investors were net sellers for the ninth consecutive session.

Market liquidity remained low, with total trading volume on HoSE reaching 433 million shares, equivalent to a trading value of VND 8,206 billion (down 23% compared to the previous session), of which block trades contributed VND 2,072 billion. Trading values on HNX and UPCoM were VND 737 billion and VND 410 billion respectively.

Foreign investors continued their net selling trend with a value of VND 559 billion across the entire market. The strongest net selling was in FPT shares, totaling VND 141 billion. Following closely behind were ACV, with net selling of VND 79 billion, and STB, with net selling of VND 65 billion. Conversely, HDB saw the strongest net buying with VND 30 billion, followed by PVD with a net buying value of VND 13 billion.

The VN-Index maintained its positive momentum thanks to the push from many large-cap stocks. Foreign investors continued their strong net selling trend, negatively impacting investor sentiment.

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