VIX shares lead in liquidity.
The market came under downward pressure with widespread red and pressure from the large-cap pair VIC-VHM, causing the VN-Index to retreat to 1,744 points.
Opening the trading session on the morning of August 14th, the market continued to face downward pressure, with the VN-Index at one point falling to test the 20-day moving average support level around 1,740 points. Buying pressure then increased, helping the index narrow its decline and recover above 1,750 points after more than an hour of trading.
The main pressure still comes from the duo VIC and VHM, although the decline has narrowed to just over 2%. Besides that, red still dominates the trading board, while weak capital flows and cautious investor sentiment are hindering the market's recovery.
Among the stocks with outstanding liquidity, VIX led with over 33 million units traded, far surpassing the rest despite only a slight decrease in share price. Following closely behind was DXG with nearly 9 million shares traded; this stock had at one point surged to its ceiling price before narrowing its gains.
The real estate sector was dominated by red, with VIC (-2.07%), VHM (-2.92%), VRE (-2.03%), NVL (-0.37%), and KDH (-0.56%). Similarly, the banking sector saw declines, including HDB (-0.37%), VPB (-0.39%), LPB (-1.12%), MSB (-0.31%), ACB (-0.23%), and VCB (-0.5%).
In the financial services group, VIX (-2.52%), VCI (-0.46%), SSI (-1.2%), ORS (-1.7%), FTS (-0.69%), and TCX (-1%) fell to their reference prices. In the resources group, HPG (-0.46%), NKG (-1.36%), HHP (-2%), and HSG all dropped to their reference prices.
At the close of trading, the VN-Index fell 20.88 points to 1,744.75 points (-1.18%) compared to the previous session. Similarly, the UPCo M-Index decreased by 127.74 points (-0.25%), equivalent to 0.32 points, and the HNX-Index decreased by 279.98 points (-1.19%), equivalent to 3.36 points.
Market liquidity reached VND 7,027.22 billion, with 282 million shares traded. Across the sector, 66 stocks rose, 228 fell, and 56 dropped to their reference price.
According to experts at Asean Securities Company, the VN-Index is sending a neutral signal with short-term weakness, closing at 1,766 points, below the MA10 but still anchored above the MA20. Meanwhile, the RSI at 49 and MFI at 66 indicate that capital flows continue to improve despite prevailing selling pressure.
With the index closing at its lowest point of the day, the risk of retesting nearby support levels remains, however, the current selling pressure is not yet overwhelming enough to confirm a clear downtrend.
The base scenario for today's session is a period of sideways trading within a narrow range before the market establishes a clearer trend.
Therefore, short-term investors should maintain an average portfolio weighting, avoid chasing rallies, and focus on trading within the 1,760-1,790 point range, while prioritizing stock groups with unique stories such as state divestment, market upgrades, and economic development resolutions.