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Despite market breadth leaning towards the selling side, cash flow still shows signs of improvement as liquidity increases on both exchanges.
At the close of trading on November 28, the VN-Index rose 6.67 points to 1,690.99 points, in contrast to the HNX-Index which fell 1.52 points to 259.91 points.
Although the VN-Index rose, the number of declining stocks was overwhelming, with 417 stocks falling compared to only 289 that rose. Within the VN30 basket, red dominated with 17 stocks declining, 10 rising, and 3 remaining unchanged.
Market liquidity increased compared to the previous session, with HOSE recording over 632 million shares traded, equivalent to VND 18,300 billion; HNX reached over 61.7 million shares, worth over VND 1,200 billion.
The afternoon session saw strong selling pressure, causing the index to narrow its gains, but buying pressure emerged, pushing the VN-Index above the reference level and closing in positive territory.
The Vingroup conglomerate continued to act as a pillar of support with VIC, VPL, and VHM. Alongside them, leading food and beverage stock VNM rose 3.23%. Conversely, VCB,FPT , GEE, and BID were the biggest losers, hindering the overall index's upward momentum.
The HNX-Index performed more negatively, impacted by KSV's 9.99% drop, KSF's 1.08% drop, HUT's 3.49% drop, and SHS's 1.87% drop.
In terms of sectors, real estate led the gains thanks to VIC's 5% increase, VHM's 0.39%, VRE's 1.78%, NVL's 2.6%, and BCM's 0.3%. Following closely were the non-essential consumer goods and energy sectors. Conversely, information technology saw significant declines due to FPT's 2.41% drop, CMG's 0.4% decrease, and DLG's 0.37% decline.
Foreign investors returned to net buying of over 310 billion VND on the HOSE, focusing on VNM (241.6 billion VND), VIC (130.79 billion VND), VIX (106.19 billion VND), and VPB (99.54 billion VND). On the HNX, they also net bought over 13 billion VND, mainly in PVS (26.25 billion VND), SHS (17.37 billion VND), VFS (4.68 billion VND), and IDC (4.29 billion VND).
Today's trading session showed strong tug-of-war between buying and selling pressure, but a late-session recovery helped the VN-Index maintain its upward momentum. Capital flows tended to be more selective, focusing on key sectors such as real estate and some large-cap stocks, while other sectors continued to diverge. The return of net buying by foreign investors is a positive sign for market sentiment. However, the contrasting movements of the indices and the breadth leaning towards selling suggest that the overall trend remains cautious. Investors are advised to maintain a watchful and risk-management strategy in the short term.
Source: https://vtv.vn/vn-index-vuot-moc-1690-diem-100251128170816137.htm
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