Right from the beginning of the session on July 18, strong buying pressure helped VN-Index hit the psychological mark of 1,500 points twice in the morning. However, profit-taking pressure after a long increase quickly appeared, causing the index to trade sideways for the rest of the session. Although it could not hold the 1,500 point mark, green still dominated all three exchanges.
At the end of the session, VN-Index increased slightly by 2.18 points to 1,477.65 points. HNX-Index increased by 1.47 points to 243.82 points, while UPCoM-Index increased by 0.53 points to 104.74 points. On the three exchanges, the number of stocks increasing in price was much higher than the number of stocks decreasing. Statistics showed that there were 69 stocks hitting the ceiling price, 436 stocks increasing in price, while only 372 stocks decreased and 12 stocks hit the floor price.
Notably, although the two largest capitalization stocks, Vingroup (VIC) and Vietcombank (VCB), both fell and took away 2.63 points and 0.57 points from the VN-Index, respectively, the overall index remained green. The top 5 stocks that had the most positive impact on the index today included TCB, VHM, STB, MSN and VPB.
Of which, MSN increased by nearly 4% to VND89,000/share, thanks to expectations for the WinCommerce retail segment after reporting positive business results. Several other businesses also recorded a clear impact after announcing their second quarter financial reports. VIX Securities reported a second quarter profit of VND380 billion, up 92% year-on-year. This positive information helped VIX shares hit the ceiling in today's session.
On the contrary, profit-taking pressure appeared in hot sectors such as real estate and securities, causing the overall growth momentum to narrow.
Market liquidity remained high, with total trading value reaching VND34,302 billion, of which HOSE alone reached VND28,967 billion. Nearly 10 stocks recorded liquidity of over VND1,000 billion. Leading the way was Techcombank (TCB) with a trading value of over VND1,300 billion, followed by STB, SSI, VIX - stocks with active trading in the banking and securities group.
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| Top stocks net bought/sold by foreign investors |
Foreign investors continued to net sell for the second consecutive session, with a net selling value of nearly VND170 billion on HOSE. The most sold stocks included FPT (VND186 billion), VCB (VND97 billion), GEX (VND83 billion), GMD (VND77 billion) and DXG (nearly VND76 billion). On the buying side, foreign investors still net bought many large-cap stocks, contributing significantly to the overall price increase. Notably, in the top 10 net bought stocks, only SSI closed in red.
The stock market closed the trading week with positive signals. In 3/5 sessions of the week, the VN-Index increased by more than 10 points, accompanied by "explosive" liquidity with an average value of nearly 34,000 billion VND per session.
According to analysts from VCBS, the VN-Index tended to move within a large range last week, but still maintained its upward momentum thanks to large-cap stocks such as VIC, VHM, MSN, TCB, VPB taking turns leading. Cash flow showed a rapid rotation through many industry groups with decisive moves. However, the market gradually saw profit-taking forces after the hot increase since the end of the morning session today. Therefore, according to VCBS representatives, the occurrence of fluctuations in the upward trend to high scores of the general index is inevitable. Investors can continue to observe the market strength, limit chasing and limit increasing the proportion of stocks that have increased hotly in the past few sessions.
Source: https://baodautu.vn/vn-index-lan-dau-cham-moc-1500-diem-sau-3-nam-dong-tien-soi-dong-luan-chuyen-nhanh-d334841.html
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