VN-Index rises, heading towards the 1,800-point mark.
Strong support from large-cap stocks helped the VN-Index rise during the morning trading session on August 13th.
The Vietnamese stock market surged strongly thanks to the consensus among large-cap stocks. At the close of yesterday's trading session, the VN-Index rose (+1.11%) to 1,793.18 points; the UPCoM-Index also increased slightly (+0.26%) to 127.51 points.
Conversely, the HNX-Index faced downward pressure, falling (-0.85%) to 288.45 points. Trading value on HOSE reached 14,113 billion VND (down 12% compared to the previous session), while HNX reached 705 billion VND (down 13%) and UPCoM reached 353 billion VND (down 8%).
Opening the trading session on the morning of August 13th, the banking sector saw widespread gains, with TCB (+1.75%), CTG (+1.24%), HDB (+0.55%), LPB (+0.56%), VCB (+0.67%), BID (+0.38%), and MSB (+0.9%). Similarly, the financial services sector also saw gains, including SSI (+0.59%), VIX (+0.35%), VND (+1.79%), HCM (+0.96%), SHS (+1.89%), and EVF (+2.8%).
The real estate sector showed divergence, with VIC (-0.74%), VHM (-1.22%), VRE (-0.59%), VPI (+2.01%), BCM (+5.68%), and DXG (+0.9%). Similarly, the oil and gas sector saw BSR (+1.51%), PVS (-0.28%), PLX, PVD, and OIL decline to their reference prices.
At the close of trading, the VN-Index rose 2.36 points to 1,795.54 points (+0.13%) compared to the previous session. Similarly, the UPCoM-Index increased by 128.5 points (+0.78%), equivalent to 0.99 points. Meanwhile, the HNX-Index decreased by 287.99 points (-0.16%), equivalent to 0.46 points.
Market liquidity reached VND 6,334.68 billion, with 248 million shares traded. Across the sector, 140 stocks increased, 136 decreased, and 73 fell to their reference price.
According to experts from Asean Securities Company, the VN-Index is consolidating its main upward trend, closing at 1,793 points, establishing a firm position on the MA10 and MA20 lines, along with the consensus from technical indicators RSI (56) and MFI (66), showing that upward momentum and money flow are clearly improving.
With a long green candlestick closing near the day's high, buyers are in control, opening up the scenario that the index will continue its recovery to test the 1,810-1,820 point resistance zone in the coming sessions.
Given this situation, short-term investors should maintain a strategy of buying during corrections rather than chasing prices, prioritizing sectors with supporting narratives such as state divestment, private sector development, and market upgrades, while being prepared to take partial profits when approaching resistance levels.
According to experts at AIS Securities Company, the VN-Index recorded a positive gain, officially surpassing the 200-day moving average, although liquidity was low. The main support came from the Vingroup, banking, and industrial sectors. Conversely, downward pressure was present in the telecommunications sector.
Although trading volume continued to decline compared to the previous session and remained below the average of the last 20 trading sessions, the current rally indicates that capital flows are more selective and focused.
The next target is to move towards the resistance zone of 1,800-1,810 points. Investors should prioritize holding stocks that are attracting capital inflows.
