VN-Index recovers, MSN stock surges.
The VN-Index recovered slightly after initial volatility as green gradually spread across the board.
Opening the trading session on the morning of September 22nd, after a period of volatility, the market gradually showed signs of recovery as green spread across the electronic board.
However, a cautious sentiment prevailed, resulting in mostly exploratory buying activity. Most sectors saw only slight gains, leading to relatively modest increases in the VN-Index and trading volume after more than an hour of trading.
Among individual stocks, SSB continued to face strong profit-taking pressure and fell to its floor price of 20,900 VND/share. Conversely, MSN rose by around 4%, with the second highest trading volume in the entire market.
Meanwhile, VIC edged up just over 1% but remained one of the most significant contributors to the VN-Index's rise.
Banking group: VPB (-1.58%), HDB (-1.09%), TPB (+1.07%), MBB (-0.99%), TCB (+0.16%), MSB (+1.92%) and VCB (+0.34%). Financial services group: SSI (+0.48%), VIX (+0.78%), VCI (+1.24%), ORS (+0.76%), VND (+1.02%) and SHS (+0.71%).
Real estate group: VIC (+1.28%), VHM (+0.88%), VRE (+0.61%), IDC (+1.51%) and CEO (+1.72%). Food group: MSN (+2.95%), VNM (+0.83%), MCH (-0.56%), BAF (-1.41%) and SAB (+1.37%).
At the close of trading, the VN-Index rose 9.55 points to 1,809.22 points (+0.53%) compared to the previous session. Similarly, the HNX-Index increased by 277.46 points (+1.12%), equivalent to 3.08 points. Meanwhile, the UPCoM-Index decreased by 126.21 points (-0.11%), equivalent to 0.14 points.
Market liquidity reached VND 5,633.13 billion, with 216 million shares traded. Across the sector, 150 stocks increased, 132 decreased, and 65 fell to the reference price.
According to experts at AIS Securities Company, the VN-Index unexpectedly reversed course and fell sharply during the session following the official upgrade to emerging market status. However, the key technical support, the 200-day moving average, remained successfully maintained.
Short-term downward pressure mainly stems from large-cap stocks such as VHM and VIC. However, the market expects key sectors like banking and securities to stabilize soon and regain momentum in the coming trading sessions.
The nearest support zone is around the 200-day moving average (MA200), corresponding to 1,790 - 1,800 points. This is a key technical level that needs to be maintained to keep the index's outlook positive.
In the scenario where this support level is lost, the market will face the risk of a short-term trend reversal.
Investors should prioritize holding stocks and banks that maintain strong cash flow; at the same time, they should proactively tighten risk management in groups under selling pressure.