Vingroup shares support the market, VN-Index maintains positive performance.
Vingroup's group of stocks became the market's anchor, helping the VN-Index maintain its positive momentum despite the divergence on the trading screen.
Opening the trading session on the morning of April 3rd, the Vingroup stocks VPL and VHM became the market's anchor, contributing significantly to the 10-15 point increase in the VN-Index after just a few hours of trading. Despite the highly divergent trading board and the average level of trading volume and cash flow, the VN-Index maintained its positive performance.
At the close of this morning's trading session, Vingroup stocks showed strong gains, with VPL (+3.22%), VHM (+2.88%), VRE (+1.29%), and VIC (+2.07%).
The real estate sector showed mixed performance, with NVL (+2.8%), CEO (+0.6%), TCH (-1.74%), and IDC (-4.58%), while DXG and DIG both fell to their reference prices.
The banking sector saw declines, with HDB (-0.78%), VPB (-1.14%), BID (-1.01%), EIB (-1.53%), and ACB (-0.64%). Similarly, the financial services sector experienced declines, including SSI (-0.18%), VIX (-0.6%), VCK (-0.95%), VND (-0.31%), and TCX (-0.98%).
The retail sector saw widespread declines, with MWG (-2.57%), FRT (-1.43%), PET (-1.03%), and DGW (-2.94%). Similarly, the chemical sector also experienced declines, with DCM (-2.5%), GVR (-0.62%), DPM (-1.36%), and CSV (-1.94%).
Contrary to the market trend, the oil and gas sector saw gains with BSR (+2.9%), PVS (+0.25%), PLX (+0.87%), and PVC (+0.57%).
The VN-Index edged up 4.52 points to 1,699.34 points (+0.27%) compared to the previous session. Meanwhile, the HNX-Index fell 248.96 points (-0.46%), or 1.4 points, and the UPCoM-Index dropped 126.9 points (-0.29%), or 0.37 points.
This morning's market saw liquidity of 8,004.582 billion VND with over 295,000 shares traded. Within the VN30 group, 13 stocks rose, 12 fell, and 5 remained below their reference price.
From a technical perspective, experts at ACB Securities Company believe that the VN-Index fluctuated around the psychological level of 1,700 points and closed the session with a slight decrease of more than 8 points. Liquidity decreased slightly compared to the previous session, indicating that demand was actively absorbing selling pressure at the current price level.
Notably, buying pressure continued to be concentrated on VHM shares, becoming an important pillar as this stock alone contributed more than 7 points to the overall increase, thereby significantly narrowing the index's decline.
In the coming period, the current recovery momentum is expected to continue, pushing the VN-Index toward testing the important resistance zone around 1,740 points.
Market outlook: Experts from Kien Thiet Vietnam Securities Company stated that the VN-Index reversed course and corrected after yesterday's strong increase. The decline was not too large, and liquidity decreased (trading volume was 14.4% lower than the 20-day average), so the negative impact was not too significant.
The VN-Index retested yesterday's upward gap and retreated towards the end of the session, indicating that the recovery momentum from the previous two sessions has not been extinguished.
Investors should maintain a holding strategy and take advantage of market fluctuations to increase their holdings in profitable stocks.
