Stocks are attracting capital inflows.
Cash flow remains cautious and blue-chip stocks have yet to generate clear momentum, while some securities stocks have shown bright spots with a series of fairly positive increases.
Opening the trading session on the morning of August 11th, the market continued to fluctuate around the reference level right from the start of the session as the VN-Index approached a strong resistance zone. Cautious sentiment prevented significant capital inflows, while blue-chip stocks lacked the momentum to create a substantial boost for the index.
In the mid-cap and small-cap stock group, the flow of money has not yet spread significantly, mainly concentrating in a few individual stocks.
Notably, the securities sector is trading more positively, with DSC, TVB, CTS, FTS, and HCM rising from nearly 3% to over 4%. Most other stocks in the sector remain in positive territory, but the gains are not significant.
The stock market saw widespread gains, with VIX (+3.23%), HCM (+4.24%), VCI (+2.71%), SHS (+1.88%), ORS (+2.11%), TCX (+1.63%), and CTS (+4.2%).
The real estate sector showed divergence, with VIC (-0.05%), VHM (+0.56%), VRE (-0.98%), KDH (+0.55%), BCM (+0.36%), and CEO (+0.82%). Similarly, the banking sector saw divergence, with MBB (+1.49%), SHB (+0.42%), VCB (+0.17%), HDB (+0.19%), TCB (-0.58%), HDB (+0.19%), and VPB (-0.19%).
Food and beverage group: VNM (+1.13%), MSN (+0.3%), BAF (+1.47%), HAG (+2.13%), NAF (+0.1%), SAB (-0.97%) and MCH (-0.37%).
At the close of trading, the VN-Index rose 2.81 points to 1,779.58 points (+0.16%) compared to the previous session. Similarly, the UPCoM-Index increased by 127.56 points (+0.19%), equivalent to 0.24 points, and the HNX-Index increased by 288.82 points (+0.43%), equivalent to 1.24 points.
Market liquidity reached VND 7,718.35 billion, with 305 million shares traded. Across the sector, 168 stocks increased, 130 decreased, and 65 fell to their reference price.
According to experts at Asean Securities Company, the VN-Index is sending a neutral signal, closing at 1,777 points with a Doji candlestick pattern, reflecting a tug-of-war and temporary balance between supply and demand, while technical indicators such as RSI and MFI are both anchored at the 50 level.
Although the index maintained its position above the MA10 and MA20, and buying pressure slightly prevailed towards the end of the session, the market still needs a breakout from the 1,790-1,800 point resistance zone or confirmation of a loss of the 1,770-1,780 point support zone to establish a clearer trend.
In a scenario where the market continues to fluctuate within a narrow range, short-term investors should maintain an average proportion of stocks, avoid chasing rallies, and focus on sectors with unique stories such as state divestment, economic development resolutions, and market upgrade roadmaps.
According to experts at SHS Securities Company, state-owned stocks continue to react positively and are driving the VN-Index towards the 1,800-point mark.
Investors should remain cautious as the index heads towards the 1,800-point mark. However, market quality is still improving quite well.
At the same time, it is possible to assess and consider good investment opportunities, focusing on leading companies in sectors that are growing better than the overall market, such as finance, energy, insurance, and telecommunications.
