VN-Index rises, Vingroup stocks soar.
The stock market saw gains in the morning session of April 14th, driven by large-cap stocks, particularly those in the Vingroup conglomerate.
Opening the trading session this morning, the market showed quite positive developments in terms of points, with the VN-Index reaching 1,780 points and the green color expanding across the electronic board, with large-cap stocks maintaining significant gains.
After one hour of trading, liquidity remained at an average level, and as soon as VIC, the largest capitalized stock on the market, cooled down, the VN-Index stalled, narrowing its gains and retreating to near 1,770 points.
Most stock sectors are receiving only cautious, exploratory capital flows, with relatively subdued trading. Even small, highly speculative stocks haven't produced any names significant enough to make a significant impact on the market.
At the close of the morning trading session on April 14th, Vingroup's stocks recorded gains, with VIC (+2.31%), VHM (+0.73%), and VRE (+0.54%).
In the real estate sector, there was strong divergence with NVL (-1.74%), CEO (-0.58%), DXG (-0.65%), DIG (-0.34%), and TCH (+1.17%). Similarly, in the food and beverage sector, MSN (+0.26%), HAG (+0.61%), VHC (+0.83%), KDC (+0.41%), NAF (-0.2%), and NVM (-0.96%) were also volatile.
The banking sector saw widespread gains, with MBB (+0.76%), HDB (+1.35%), EIB (+1.09%), ACB (+0.84%), and TCB (+0.94%). Similarly, the financial services sector also benefited from gains, including SSI (+0.35%), SHS (+0.56%), VND (+1.5%), MBS (+0.49%), and VPX (+0.69%).
Meanwhile, the oil and gas sector recorded declines, with BSR (-1.1%), PVS (-0.51%), PVD (-1.31%), OIL (-1.33%), and PLX (-0.12%). Similarly, the chemical sector saw declines in DCM (-2.34%), DPM (-1.19%), GVR (-0.31%), and DDV (-0.35%).
The VN-Index rose 10.69 points to 1,769.65 points (+0.61%) compared to the previous session. Similarly, the HNX-Index increased by 252.43 points (+0.31%), equivalent to 0.77 points, and the UPCoM-Index increased by 127.83 points (+0.1%), equivalent to 0.13 points.
Market liquidity this morning reached VND 9,998.934 billion with 382,000 shares traded. Within the VN30 group, 5 stocks declined, 3 fell to their reference price, and 22 increased.
From a technical perspective, experts at Vietcombank Securities Company believe that the VN-Index closed the first trading session of the week with a slight increase, mainly due to the contribution of the Vingroup group.
On the daily chart, the general index is continuously rising towards the resistance zone at 1,770 points, which is also the upper Bollinger Band. Technical indicators are generally also trending upwards and showing slight increases, reflecting the consensus that active buying pressure is dominant in the market.
On the hourly chart, the VN-Index showed a positive reaction, holding firm at the MA20 line and surging strongly, completely erasing the morning session's losses.
Although the MACD line has signaled a crossover, the gap between the signal line and the main line is gradually narrowing, indicating that selling pressure is not yet strong enough to break the current trend.
Given the current technical pattern, the next resistance level that the VN-Index needs to conquer is 1,770 points.
According to experts at Tien Phong Securities Company, the VN-Index rose with slightly lower trading volume compared to the previous session, and also lower than the 20-day average, indicating that the market is still in a short-term accumulation phase after a rapid recovery from the 1,580-point bottom.
The forecast for the VN-Index is not only a recovery but also has the potential to expand into a new upward trend, possibly heading towards the 1,850 point level in the immediate rally.
