VN-Index misses the 1,300-point mark.

The HoSE index touched 1,300 points in the morning session of September 27, but then failed to maintain this level as selling pressure intensified.

Increased liquidity, coupled with the rise of blue-chip stocks, has given investors confidence that the market can break through the 1,300-point resistance level. The VN-Index started the final trading session of the week on a positive note, with green dominating the trading screen.

The HoSE index surpassed the reference level after the opening auction (ATO), continuing its upward momentum a few minutes later. By mid-morning, the VN-Index officially returned to the 1,300-point mark. The surge in bank stocks – the group with the highest weighting in the market capitalization basket – helped the market accelerate rapidly.

However, the peak only lasted a few minutes. The VN-Index quickly narrowed its gains as selling pressure increased. In less than 30 minutes, the index fell back to near the reference level. Investors attempted to push the market back up, but hesitant observation caused the HoSE index to touch 1,296 points before correcting.

In the afternoon session, red dominated. Selling pressure at resistance levels caused many stocks to fall below their reference prices. The upward momentum of the banking sector, the leading group driving the market in recent sessions, also narrowed. The VN-Index closed at 1290.92 points, down slightly by 0.57 points compared to the previous session.

The VN30-Index maintained its gain of nearly 2 points (0.13%) to 1,352.57 points. On the Hanoi Stock Exchange, the HNX-Index and UPCOM-Index closed with minimal changes.

Total market liquidity reached over 24,000 billion VND. Of this, liquidity on the HoSE exchange accounted for nearly 21,600 billion VND, a slight increase compared to yesterday's session. Foreign investors were net buyers of nearly 250 billion VND, for the third consecutive session.

By the end of the session, red dominated, with 228 stocks declining on the HoSE exchange compared to 148 that rose.

Investor capital remains concentrated in three main sectors: banking, real estate, and financial services.

CTG was the stock that contributed the most to the VN-Index, adding 0.8 points as it rose 1.65% to 37,000 VND. Conversely, VHM was the stock that dragged the index down the most, closing down more than 2.2%.

Within the VN30 index, banks remained the most active group. Besides CTG, STB, andSHB , all rose by over 2% during the market correction. TPB added 1.5%, while VPB, BID, and TCB closed above their reference prices.

Conversely, PLX, MWG, and GVR fell by more than 1%, while GAS, VIC, BCM,FPT , and several bank stocks also retreated below the reference price. The rest of the sector, including real estate, oil and gas, retail, telecommunications, and chemicals, mostly closed in the red.

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