VN-Index recovers strongly.

VTV.vn - Following a sharp decline on March 9th, the Vietnamese stock market experienced a relatively positive recovery on March 10th as investor sentiment improved.

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Right from the start of the session, strong buying pressure across the board helped the indices surge. At one point in the morning session, the VN-Index rose by as much as 64.3 points to 1,716.21 points. The VN30 basket even surged more sharply, at one point increasing by 69.83 points, equivalent to 3.88%.

The upward trend spread across the market, with the HNX-Index at one point rising by as much as 6.74% and the UPCOM-Index by 4.19%. Green dominated the market with hundreds of stocks gaining in price; many of the leading stocks even hit their upper limit.

However, after reaching 1,716 points, profit-taking pressure began to increase, causing the market to narrow its gains. Part of the selling pressure came from investors seeking to realize profits after the rapid rebound, while many margin accounts had to sell off shares to reduce risk after the previous sharp decline.

At the close of trading on March 10th, the VN-Index rose 23.94 points to 1,676.73 points, with the VN30 basket playing the main supporting role as the VN30-Index increased by more than 56 points to 1,837 points. On the HOSE exchange, there were 258 gainers, 88 losers, and 37 stocks unchanged.

The HNX-Index rose 4.71 points to 240.07 points, while the UPCOM-Index increased 2.9 points to 122.25 points. Total market liquidity reached nearly 45,400 billion VND, with HOSE alone exceeding 41,700 billion VND and over 1.53 billion shares traded.

The main driving force of the market came from the banking sector stocks, which surged across the board. Many stocks recorded significant gains, such as MBB and STB hitting their upper limit; NVB increased by 7.84%; ACB by 6.68%; PGB by 6.31%; CTG by 5.57%;SHB by 5.08%; VCB by 5.41%; and BVB by 5.31%. The breakout of the banking sector became a crucial driving force helping the VN-Index recover.

In addition, several leading stocks such as VNM, HPG, and DGC hitting their upper limit also contributed to the market's upward momentum. The positive trend also spread to technology and telecommunications stocks.

Contrary to the general trend, the oil and gas sector faced strong downward pressure as world oil prices cooled rapidly. The energy sector index fell 2.17%, with many oil and gas stocks experiencing sharp declines such as PEQ, PLX, and PTV hitting the floor limit; BSR fell 6.37%; OIL fell 12.17%; POS fell 6.15%; PVB fell 6.97%; PVC fell 6.21%; and PVS fell 8.06%.

On March 10th, Brent crude oil traded around $92.46 per barrel, a sharp drop from the previous day's peak of nearly $120 per barrel. Prior to that, on March 9th, Brent crude had surged to $119.50 per barrel, and US WTI crude had touched $119.48 per barrel.

Another bright spot in the March 10th trading session was the return of foreign capital after a series of net selling days. Foreign investors made net purchases of nearly VND 1,080 billion across all three exchanges.

On the HOSE alone, foreign investors made net purchases of over 1,132 billion VND, equivalent to approximately 17.2 million shares. HPG led the list of stocks with net purchases of 582 billion VND, equivalent to about 21.7 million shares. MWG,FPT , and VNM also saw strong net purchases with values ​​of 562.6 billion VND, 317.1 billion VND, and 223 billion VND respectively.

Conversely, STB was the stock with the strongest net selling pressure, valued at VND 385.4 billion, followed by VIC with VND 188.6 billion. In addition, foreign investors also net sold VPB, GEX, VHM, VCI, BID, VIX, TPB, and VCB.

On the HNX exchange, foreign investors sold a net of nearly 52.9 billion VND; PVS was the most heavily sold stock with 37.9 billion VND. Meanwhile, IDC and TNG were two stocks that saw significant net buying.

On UPCOM, foreign investors sold a net of approximately 1.2 billion VND. ACV topped the list of stocks with the highest net selling, while F88 and QNS were the stocks with the highest net buying.

The recovery seen on March 10th indicates that investor sentiment has somewhat stabilized after the previous sharp decline. However, the significant narrowing of gains compared to the intraday high reflects continued caution, particularly given ongoing profit-taking pressure and the need to reduce margin ratios. In the short term, the market is likely to continue fluctuating sharply as investors seek opportunities to buy at the bottom while simultaneously managing risk after the significant volatility.

Source: https://vtv.vn/vn-index-phuc-hoi-manh-me-10026031016215913.htm