SSI shares have become a bright spot among blue-chip stocks.
Cautious investor sentiment, low liquidity, and mostly exploratory demand caused the VN-Index to fall nearly 10 points on the morning of July 21st.
Opening the trading session on the morning of July 21st, the downward momentum continued to dominate the market, quickly pulling the VN-Index back down to near the 1,720 point mark before bargain hunting emerged, helping the index narrow its decline and rebound.
After more than an hour of trading, the VN-Index only edged slightly above the reference level before fluctuating within a narrow range. Liquidity remained low, indicating that cautious sentiment still prevailed in the market, while capital flows were primarily exploratory.
The bright spots were only seen in a few individual stocks. VVS surged to its maximum limit of 102,700 VND/share, despite trading volume reaching only over 160,000 units.
Among blue-chip stocks, SSI rose over 3% with more than 9 million shares changing hands, becoming one of the most actively traded stocks on the market.
The banking sector showed divergence, with SHB (-0.42%), VPB (+0.8%), BVB (+1.15%), TCB (-0.17%), ACB (+0.22%), and CTG (-0.16%). Similarly, the basic resources group saw divergence, with HPG (+0.97%), NKG (+0.96%), MSR (-0.85%), M7G (+2.69%), and DHC (-0.83%).
Financial services group: SSI (+1.75%), VCI (+1%), VIX (+0.39%), MBS (+1.08%), VND (-0.29%) and HCM (-1.75%). Real estate group: VIC (-1.45%), VHM (-0.44%), VPI (+0.82%), DXG (-2.64%) and PDR (-3.54%).
At the close of this morning's trading session, the VN-Index fell 8.88 points to 1,734.63 points (-0.51%) compared to the previous session. Similarly, the HNX-Index decreased by 284.15 points (-0.09%), equivalent to 0.26 points, and the UPCo M-Index decreased by 125.16 points (-0.93%), equivalent to 1.18 points.
Market liquidity reached VND 6,827.38 billion, with 302,000 shares traded. Across the sector, 136 stocks increased, 164 decreased, and 56 fell to their reference price.
According to experts at AIS Securities Company, the VN-Index recorded a sharp decline, officially breaking through the strong support level of the 200-day moving average (1,770 - 1,780 points).
Widespread selling pressure engulfed the entire market, particularly impacting key sectors such as securities, banking, and real estate.
Currently, the psychological level of 1,700 points is the expected support zone, where the market is likely to see technical rebounds as many stocks have fallen deep into oversold conditions.
In the current environment, the top priority strategy remains risk management. Investors need to aggressively remove stocks with weak price trends.
According to experts at Asean Securities Company, technically, the VN-Index is sending clear negative signals as it closed at 1,744 points, confirming a weakening state with a breach of the MA10 and MA20 moving averages, and selling pressure dominating the session.
With RSI (14) retreating to the 30 level and MFI at 34, both upward momentum and cash flow are drying up, pushing the index into a less favorable scenario where it is highly likely to continue testing the support zone of 1,740 - 1,750 points in the next session.
Given the prevailing downtrend, short-term investors should prioritize risk management by reducing their holdings during technical rallies, absolutely avoiding leverage, and only considering investing when there are signs of a bottom formation accompanied by improved liquidity.
