Profit-taking pressure emerged, pushing the VN-Index close to the 1,790 point mark.

Opening the trading session on the morning of August 5th, the market continued its positive trend as buying pressure helped the VN-Index rise by more than 13 points at one point, approaching the 1,790 point mark.

However, profit-taking pressure quickly increased as the index approached the strong resistance zone of 1,780 - 1,800 points, causing the upward momentum to gradually narrow.

On the electronic board, green remained dominant, but the increase in the VN-Index was mainly supported by Vingroup stocks and some blue-chip stocks. Meanwhile, the oil and gas sector continued to face downward pressure, while capital tended to shift towards securities, banking, and some real estate and construction companies.

Among small and medium-sized stocks, HII continued to be the focus, recording its fifth consecutive session of hitting the ceiling price, reaching 8,670 VND/share. Despite increased profit-taking pressure causing a surge in trading volume to over 3 million units, the stock still maintained a buy order at the ceiling price of over 1.7 million units, indicating that demand remains high.

GIL also extended its recovery after a sharp drop from 11,400 VND to 6,550 VND due to unfavorable news related to the lawsuit with Amazon.

Positive sentiment spread across the real estate sector, with VIC (+1.1%), VHM (+2.55%), NVL (+4.1%), VPI (+2.36%), KDH (+2.5%), and VRE (+0.38%). Similarly, the basic resources sector saw gains in HPG (+0.23%), MSB (+2.58%), NKG (+0.9%), DHC (+2.2%), and HHP (+0.3%).

Meanwhile, the banking sector saw mixed performance, with TPB (+1.37%), TCB (+0.67%), VPB (+0.67%), CTG (+0.94%), VIB (+0.68%), and STB (+0.27%). Similarly, the financial services sector saw gains of VIX (+0.72%), HCM (+3.19%), SHS (+1.27%), SSI (+0.2%), and VND (+0.88%).

At the close of this morning's trading session, the VN-Index rose 9.04 points to 1,786.27 points (+0.51%) compared to the previous session. Similarly, the HNX-Index increased by 295.23 points (+3.08%), equivalent to 8.82 points. Meanwhile, the UPCoM-Index decreased by 126.88 points (-0.25%), equivalent to 0.32 points.

Market liquidity reached VND 9,082.74 billion, with 354,000 shares traded. Across the sector, 156 stocks increased, 134 decreased, and 64 fell to their reference price.

According to experts at SHS Securities Company, the market continues to recover well after a sharp decline. Investor sentiment has also improved after a period of intense selling pressure, leading to increased trading positions as the market presents many good short-term opportunities.

In addition, after a period of sharp net selling, with foreign ownership falling to 13%, foreign investors have been net buyers for two consecutive sessions. This opens up the prospect that foreign investors may begin to disburse funds when the market is officially upgraded in September.

Investors are advised to consider value investment opportunities in quality, growth companies at attractive price levels. However, there is no recommendation to increase prices or chase the rally when the VN-Index heads towards the resistance zone around 1,800 points.