VN-Index holds steady at 1,500 points, vibrant cash flow pushes liquidity to exceed 42,000 billion VND

The stock market opened on July 23 in an excited mood, with the VN-Index rising more than 10 points at the beginning of the session thanks to the green covering all industry groups. However, profit-taking pressure increased as the general index approached its record high. This caused the index to gradually retreat to around 1,512 points at the end of the session. At the end of the session, the VN-Index increased by 2.77 points (+0.18%) to 1,512.31 points. The HNX-Index increased by 0.6% and the UPCoM increased by 0.75%. However, the VN30 index decreased by 2.97 points to 1,653 points as many key stocks were under profit-taking pressure.

Two Vingroup stocks led the decline, contributing 3.05 points and 2.21 points, respectively, to the general index. On the other hand, VPBank stocks increased by 3.78% and contributed the most points. Next was Vietjet stocks. This was the second consecutive ceiling price session, pushing the airline's stock price to 108,800 VND/share.

Despite the differentiation, financial stocks still play a leading role in the market. Not only VPB, many banking stocks have increased positively such as HDBank (+4.13%), MBBank (+0.92%) or VIX Securities (+4.84%). Besides the financial group, cash flow also spread to public investment, construction materials, chemicals and energy groups.

Stocks with positive business results recorded positive trading. A series of businesses announced their second quarter business results with quite outstanding business results such as Duc Giang Chemicals (DGC) recorded net revenue of VND 2,894 billion, up 15.6% over the same period in 2024. Although consolidated profit after tax in the second quarter of 2025 only increased slightly by 2.3%, this increase helped DGC surpass and close at VND 105,700/share. Two giants in the plastic industry, Binh Minh Plastics (BMP) and Tien Phong Plastics (NTP), both reached a historical peak in profit. Gemadept (GMD) reported a 32% increase in pre-tax profit in the second quarter. Shares of this group of manufacturing enterprises all closed in the green.

The highlight of today's session was also the active trading activities with record liquidity. Cash flow continued to flow into the market with a total trading value on the three floors reaching over 42,170 billion VND. Of which, HOSE alone contributed over 38,100 billion VND. Up to 5 stock codes reached a liquidity level of over a thousand billion VND, with VPBank 's shares continuing to lead.

Foreign trading today was more positive when returning to a slight net buy, with a total net buy value of over VND200 billion. In particular, FRT continued to lead with a net buy value of over VND343 billion, followed by VPB (nearly VND219 billion). HDB, VNM and SSI stocks were all disbursed over hundreds of billions of VND. On the contrary, some stocks were under pressure to take profits from foreign investors such as VIX (VND238 billion), SHB (VND114 billion) and VHM (over VND100 billion).

According to analysts from VCBS, the VN-Index is still in an uptrend and has not yet breached the positive trend line. However, profit-taking pressure has increased at the historical peak, indicating that the room to open new buying positions is no longer attractive. Investors should prioritize stocks that have not increased rapidly, limit FOMO and maintain a safe margin lending ratio. With strong cash flow, a breakout session above resistance can help establish a new short-term uptrend.

Source: https://baodautu.vn/vn-index-vung-moc-1500-diem-dong-tien-soi-dong-keo-thanh-khoan-vuot-42000-ty-dong-d339461.html