Bluechip groups are divided, VN-Index has "firmly established" above the 1,600 point mark

The Vietnamese stock market closed the trading week with more stable signals, despite continued weakening liquidity and a still prevailing cautious sentiment.

VN-Index stable, midcap group dominates, cash flow cautious

After yesterday's session, VN-Index formed a Doji candlestick pattern, which symbolizes indecision, but the slight decrease in liquidity shows that investors have calmed down. Notably, the Stochastic Oscillator indicator has given a buy signal in the oversold zone. If this signal is maintained and leaves the oversold zone in the coming sessions, the short-term outlook of the market will improve significantly.

In the last session of the week on November 14, VN-Index increased by 4.02 points, equivalent to +0.25%, to 1,635.46 points. Although green returned, HoSE order matching liquidity only reached 18,158 billion VND, down more than 8% compared to the previous session and pulled the average trading volume this week to the lowest level in 20 weeks, down 21% compared to the previous week. The sharp decrease in cash flow may be a cause for concern, but in the period when the market is "probing the bottom", low liquidity reflects cautious sentiment, rather than selling pressure.

In fact, the market fluctuated very narrowly throughout the session. About 60% of stocks in the VN-Index fluctuated a maximum of less than 2%, the index itself only fluctuated 0.94%. This shows that the balance of supply and demand is returning, with no clear advantage for buyers or sellers. With the previous correction being quite strong, the fact that stocks stopped falling and accumulated again is an important bright spot. Investors who do not use margin are holding a stable mentality, not under pressure to sell at all costs.

There was a clear divergence in the large-cap group. The VN30-Index closed up 0.39% with 11 stocks increasing and 13 stocks decreasing, but the amplitude was mainly around ±1%. Only MSN (-1.27%) and STB (-1.33%) decreased significantly. On the upside, LPB led with +2.04%, followed by MWG (+1.62%), VNM (+1.62%), HPG (+1.32%) andFPT (+1.11%). However, even pillars like HPG and FPT only ranked 8th and 10th in terms of points contribution - showing that the bluechip group did not play a leading role in the session.

On the contrary, the midcap group is the center of attracting money. HoSE recorded 64 stocks increasing by more than 1%, but only 5 stocks belong to VN30. The liquidity of the group of stocks with the strongest increase accounts for 41% of the total HoSE matching orders, reflecting that the cash flow is prioritizing stocks with the ability to recover quickly and fluctuate strongly.

Many mid-range stocks increased impressively: VIX (+3.2%), HAG (+6.97%), CII (+2.65%), GEX (+1.92%), PVD (+2.1%), NVL (+6.79%), DIG (+2.25%), HDG (+4.64%)... Some codes even closed at the ceiling price, such as NVL, C32, HID and HAG.

The most notable point isSHB when this stock leads the whole market in liquidity, more than 62.8 million units, but the price only returns to the reference level - showing that supply and demand are both strong but balanced, reflecting the tug of war of large cash flows.

On HNX, the HNX-Index increased by 1.32 points (+0.50%), reaching 267.61 points with liquidity of VND 1,812 billion. High-order matching groups such as PVS, SHS, IDC, CEO... all maintained green from 0.7% to more than 2%, showing that cash flow is still selective and prioritizes leading codes.

NAG shares, although up over 8% in the morning, gradually weakened towards the end of the session, closing at only +3.7%.

On UPCoM, the index was almost flat, increasing slightly by 0.05 points to 120.09 points. Two small stocks BCR and HTP held their ceiling prices and were among the highest liquidity groups on UPCoM, a sign that retail money is returning but quite cautiously.

Derivatives recorded the 41I1FB000 futures contract increasing by 6.7 points to 1,869.7 points, matching more than 245,900 units - reflecting cautious but not pessimistic expectations of risk-hedging investors.

Warrants are clearly differentiated: CSTB2528 decreased more than 7%, while CVNM2511 increased 3.4%.

Foreign investors net sold 672 billion VND on HoSE, but transactions focused on a few stocks: STB (-210.7 billion), VCI (-177.4 billion), VIC (-145.5 billion), HDB (-106.7 billion). The buying direction was very positive with VNM (+309 billion), HPG (+193 billion), FPT (+84.5 billion). This shows that the net selling trend is not widespread, but only concentrated on a few stocks that are in the process of technical adjustment.

At the end of the week, VN-Index increased by a total of 36.36 points (+2.27%), recovering all the losses of the first two sessions of the week and closing firmly above 1,635 points. This is a positive signal as the selling pressure at the end of the week was not large, helping the index maintain a wide range of points and create room in case the market retests the 1,600 point mark.

The “bottom-fishing” cash flow also showed great patience: investors did not immediately take profits, causing selling pressure to decrease significantly. In the context of low liquidity and stable psychology, the probability of the 1,600 point mark acting as the bottom of the current correction is gradually increasing.

With signals from technical indicators, reasonable differentiation between bluechip and midcap groups, and the fact that foreign investors are not selling heavily across the board, VN-Index is gradually regaining confidence and consolidating its price base. The market is expected to continue to fluctuate positively next week, especially if cash flow improves and major pillars operate more consistently.

Source: https://thoibaonganhang.vn/nhom-bluechip-phan-hoa-vn-index-da-chac-chan-tren-moc-1600-diem-173588.html