Blue-chip stocks put pressure on the VN-Index, causing it to fall below 1,810 points.

Opening the trading session on the morning of September 21st, the market performed positively as green quickly returned across the board. This was also the first trading session since the Vietnamese stock market was officially upgraded to emerging market status by FTSE.

However, the upward momentum did not last long as selling pressure increased on blue-chip stocks. Entering the continuous trading session, the VN-Index began to fluctuate before reversing and falling.

After more than an hour of trading, the VN-Index fell by about 6 points, dropping below the 1,810 point mark. The pressure mainly came from large-cap stocks, with VIC continuing to be one of the stocks significantly impacting the index.

While the banking sector saw only slight gains, with BID, CTG, TCB, ACB, and VPB all rising by around 1%, SSB faced profit-taking pressure after a series of seven strong upward sessions.

In the banking sector, VPB (+1.46%), HDB (-1.17%), HDB (-0.55%), SHB (-1.69%), TCB (+0.47%) and MBB (+0.75%) saw gains. In the financial services sector, SSI (-1.4%), VIX (-0.75%), VCI (-1.45%), VND (-1.32%), HCM (-1.57%) and ORS (-0.37%) were also positive.

Real estate group: VHM (-1.83%), VIC (-1.53%), NVL (+0.39%), KDH (+1.27%), CEO (+2.51%) and IDC (+1.2%). Oil and gas group: BSR (+3.15%), PVD (+0.78%), PVS (+0.3%) and OIL (+1.4%).

At the close of trading, the VN-Index fell 9.22 points to 1,806.44 points (-0.51%) compared to the previous session. Similarly, the HNX-Index decreased by 274.92 points (-0.13%), equivalent to 0.37 points. Meanwhile, the UPCoM-Index increased by 126.77 points (+0.29%), equivalent to 0.37 points.

Market liquidity reached VND 6,266.67 billion, with 231 million shares traded. Across the sector, 123 stocks increased, 178 decreased, and 48 fell to the reference price.

According to experts from AIS Securities Company, the VN-Index continued to experience a week of sideways trading around the 20-week moving average (MA20), closing at 1,815.66 points (+1.14%).

The main support came from the securities sector. Conversely, downward pressure was present in the energy sector and large-cap banks.

Cash flow has shown a significant improvement with a sharp increase in trading value. Foreign investors also made a sudden surge in net buying, indicating that they are seeking opportunities in several key stocks with positive prospects in the Vietnamese market.

This trading week, investors need to closely monitor market supply and demand after funds complete their restructuring. The nearest support zone is around the 20-day and 200-day moving averages (MA20 and MA200), equivalent to 1790-1800 points, which is a crucial technical level that needs to be held.

Simultaneously, prioritize holding strategies for stocks in the securities and banking sectors that are attracting capital inflows, while managing risks in sectors under pressure for correction.

According to experts at Asean Securities Company, with both RSI and MFI indicators anchored in the neutral zone, the market currently lacks clear breakout momentum and is likely to continue fluctuating within a narrow range of 1,810-1,840 points before establishing a new trend.

In a context where supply and demand are in a delicate balance, short-term investors should maintain an average proportion of stocks in their portfolios, avoid chasing rallies, and focus on trading within support and resistance zones.