Weak liquidity causes VN-Index to show a "green outside, red inside" pattern.

The final trading week before the long holiday break began with a cautious trading session.

After the VN-Index closed the week at 1,249.11 points, recording a 1.51% increase for the week, with trading volume down 11.4% and only 60% of the average, the stock market witnessed continued caution at the start of the week, with weak demand and cautious investor sentiment. The VN-Index maintained a slight upward trend, challenging the strong resistance zone around 1,250 points, although there were some minor corrections due to increased selling pressure after three consecutive recovery sessions. However, the index still held its upward momentum and ended the morning session in slightly positive territory, marking its fourth consecutive day of gains.

Market liquidity remained unimpressive, with trading volumes staying low. This reflects the lack of strong capital inflows and a clear divergence between sectors. While some sectors like banking and manufacturing still recorded slight gains, the real estate and construction sectors continued to struggle, putting pressure on the overall index.

However, foreign investors maintained a net selling trend, focusing on a few large-cap stocks, which also somewhat affected the overall market sentiment. In addition, international news that Donald Trump will begin his second presidential term on January 20, 2025, has raised concerns among investors about tariff policies and their impact on exchange rates, adding further uncertainty to the market in the short term.

In the afternoon session, trading became more cautious, and the number of declining stocks gradually increased. This caused the VN-Index to fluctuate only around the reference point, with alternating periods of gains and losses. The index closed slightly in the green thanks to support from some key stocks.

At the close of trading, the VN-Index rose 0.44 points (0.04%) to 1,249.55 points. Meanwhile, the HNX-Index fell 0.79 points (-0.36%) to 221.69 points. The UPCoM-Index decreased 0.31 points (-0.33%) to 92.8 points.

Across the market, 326 stocks rose, 383 fell, and 865 remained unchanged/did not trade. The market still recorded 27 stocks hitting the ceiling price and 12 stocks hitting the floor price.

The VN-Index rose today, mainly thanks to strong support from stocks such as BID, MBB, GAS, HDB,FPT , and SAB. BID increased by 1% and had the most positive impact on the VN-Index, contributing 0.66 points. Following closely behind, MBB contributed 0.51 points with a 1.63% increase. HDB also attracted attention, continuing its upward trend with a 2.22% increase to 23,000 VND per share. Thus, HDB has gained nearly 9% since hitting its low point on January 6th, 2025.

Top 10 stocks impacting the VN-Index

Conversely, stocks such as VCB, BSR , LPB, MSN, HVN… all fell into the red, negatively impacting the overall market. VCB dropped 0.86% and was a key factor causing the VN-Index to fluctuate, taking away 1.07 points. BSR, a "newcomer" on the HoSE exchange, also contributed to the decline, losing 2.55% today. This stock was listed on the HoSE on January 17, 2025, with a reference price of 21,300 VND per share.

Meanwhile, divergence was strong among mid- and small-cap stocks, but red dominated in most cases. In the securities sector, stocks such as VDS, VND, SHS, APS, MBS… all declined. VDS fell sharply by 3.9% after announcing negative business results with a loss of approximately 21 billion VND in Q4/2024.

The steel sector also saw many stocks decline in price, with HPG falling slightly by 0.19%, but NKG dropping sharply by 1.8%, and SMC also falling by 1.83%.

Foreign investors continued to be net sellers.

Market liquidity remained low. Total trading volume on the HoSE reached 441 million shares, equivalent to a trading value of VND 9,995 billion (down 3% from the previous session), of which block trades contributed VND 2,200 billion. Trading values on the HNX and UPCoM reached VND 677 billion and VND 502 billion respectively. HDB topped the list of actively traded stocks with a value of VND 468 billion. FPT and HPG traded VND 332 billion and VND 257 billion respectively.

Foreign investors continued to net sell over 280 billion VND across the market, with the strongest net selling in VCB shares at 116 billion VND. VNM followed with a net selling value of only 38 billion VND. Conversely, HDB saw net buying of 113 billion VND, and FPT also saw net buying of 75 billion VND.

Source: https://baodautu.vn/thanh-khoan-yeu-vn-index-xanh-vo-do-long-d241525.html