Shares of a jewelry company surged.
Cash flow has appeared in a number of individual stocks, most notably PNJ and the financial services and construction sectors.
Opening the trading session on the morning of July 28th, strong selling pressure caused the VN-Index to quickly break through the 1,650-point mark. After one hour of trading, the VN-Index approached the reference level thanks to a return to balance in the large-cap stock group.
Despite an improvement in the index compared to the beginning of the session, red still dominated the trading board. Low liquidity indicates that investors remain quite cautious, while selling pressure on many small and medium-sized stocks continues to hinder the market's recovery efforts.
The standout performer was PNJ, which unexpectedly attracted strong buying interest, surging 7% to 35,200 VND per share. Nearly 6 million units of this stock were traded, resulting in a complete lack of sellers, a stark contrast to its previous sessions of pressure.
In addition, cash flow also showed signs of improvement in some real estate and construction stocks. Stocks such as DXG, GEE, CII, KDH, CTD, and DIG all increased from nearly 3% to over 4%, becoming the leading group in the market's recovery.
The banking sector showed divergence, with SHB (-0.87%), ACB (-0.22%), VPB (-1.02%), MBB (+0.46%), CTG (+0.52%), and TPB (+0.72%). Similarly, the real estate sector also saw divergence, with VIC (-0.09%), VHM (+0.08%), VPI (-0.8%), DIG (+3.2%), and CEO (+3.7%).
Positive sentiment spread across the financial services sector, with VIX (+4.26%), VCI (+6.78%), VND (+3.91%), SSI (+3.18%), and MBS (+2.97%).
At the close of this morning's trading session, the VN-Index rose 4.39 points to 1,673.4 points (+0.26%) compared to the previous session. Similarly, the HNX-Index increased by 269.38 points (+0.01%), equivalent to 0.03 points. Meanwhile, the UPCoM-Index decreased by 125.9 points (-0.29%), equivalent to 0.36 points.
Market liquidity reached VND 7,666.98 billion, with 378,000 shares traded. Across the sector, 130 stocks increased, 165 decreased, and 59 fell to their reference price.
According to experts at Asean Securities Company, the VN-Index is sending clear negative signals as it closed at 1,669 points, confirming a weakening state with a breach of the MA10 and MA20 moving averages, and overwhelming selling pressure pushing the index to its lowest point of the day.
Although technical indicators such as RSI (27) and MFI (20) are in the oversold zone and weakening cash flow, suggesting the possibility of a short-term technical rebound, the downtrend is still dominant with the risk of retesting near support zones.
In a less favorable scenario, the index could continue to retreat to the support zone at the beginning of the next session before a clearer trend emerges towards the end of the day. Therefore, the optimal strategy at this time is to prioritize risk management, reduce leverage, and only disburse funds when there are signs of a bottom formation accompanied by improved liquidity.
For short-term investors, the focus should be on observing the reaction in the 1,660-1,670 point range, while also potentially screening stocks with unique stories such as state divestment, resolutions on economic development, and market upgrade roadmaps.