Shares of state-owned enterprises surged across the board.
In the morning trading session on August 10th, state-owned enterprise stocks continued to attract attention as they all rose sharply following the new directive on implementing the restructuring of state capital in enterprises.
Opening the trading session on the morning of August 10th, the VN-Index continued its upward trend, rising nearly 5 points amidst a situation where the number of advancing stocks was more than double the number of declining stocks. The VN30 group played a major supporting role, with most stocks in the basket trading positively, helping the VN30 index increase by more than 8 points.
Notably, the securities sector stocks are becoming the focus of the market. While last week this group lagged behind the general trend due to selling pressure, this morning's improved demand has helped many stocks recover simultaneously, and liquidity has also become more active. Currently, only TVC and CSI in the entire sector are trading below their reference prices.
State-owned stocks all rallied, with BCM hitting the ceiling price, while GVR (+5.04%), GAS (+5.63%), ACV (+2.43%), and SAB (+2.79%) also surged.
Positive sentiment spread across the banking sector, with TCB (+1.52%), MBB (+0.41%), ACB (+1.56%), CTG (+0.92%), VPB (+1.4%), BID (+1.02%), and BID (+0.9%). Similarly, the financial services sector saw gains of SSI (+2.25%), VIX (+2.21%), VND (+1.5%), VCI (+1.84%), SHS (+1.28%), and TCX (+1.53%).
Chemicals group: DPM (+1.37%), DCM (+0.53%), TRC (+5.47%), PHR (+1.19%) and DPR (+0.6%). Real estate group: VIC (-0.05%), VHM (-0.68%), NVL (+1.44%), VPI (+0.16%) and VRE (+2%).
At the close of trading, the VN-Index rose 12.34 points to 1,780.4 points (+0.7%) compared to the previous session. Similarly, the UPCoM-Index increased by 127.57 points (+0.54%), equivalent to 0.69 points. Meanwhile, the HNX-Index decreased by 288.79 points (-1.58%), equivalent to 4.65 points.
Market liquidity reached VND 7,051.29 billion, with 286 million shares traded. Across the sector, 211 stocks increased, 96 decreased, and 55 fell to their reference price.
According to experts at Asean Securities Company, in the last trading session of the week, the VN-Index showed signs of cautious recovery, closing at 1,768 points, establishing a position above the MA10 and MA20 lines with buying pressure dominating the session.
However, the neutral state of the RSI(14) indicator at 50 and the weakening money flow (MFI 43) show that the market still lacks momentum consensus to confirm a sustainable uptrend.
The base scenario for the next session leans towards a sideways consolidation within a narrow range before a clearer trend emerges. Therefore, short-term investors should maintain an average portfolio weighting, avoid chasing prices, and focus on trading within the 1,760-1,790 point range.
At the same time, priority should be given to stock groups with unique stories, such as state divestment, market upgrades, and economic development resolutions.
For medium- and long-term strategies, partial disbursement during corrections to support levels remains a top priority, focusing on sectors with strong fundamentals and high liquidity such as banking, securities, retail, public investment, and oil and gas.
According to experts at AIS Securities Company, the VN-Index recorded its second consecutive weekly recovery attempt last week, successfully regaining support at the 50-week moving average (MA50).
Cash flow has spread more positively across most sectors, especially banking, securities, and real estate. In addition, foreign investors have resumed net buying, contributing to a more positive sentiment among domestic investors.
