Stocks return to green

After yesterday's slight adjustment session, the stock market immediately opened with fluctuations. In the morning, the HoSE representative index fluctuated around the reference level when trading was quite gloomy. Buyers and sellers struggled but there was no clear trend. The fluctuation range was around 3-4 points.

From late morning to early afternoon, more take-profit orders were placed, causing the red color to last longer. After that, the market tended to regain balance. Demand began to dominate before stocks entered the ATC session, providing good support for the general index.

VN-Index reversed to increase by more than 2.5 points, to about 1,285.3 points at the end of the session. The gap between the increasing and decreasing stocks was not too large, 172 and 212 stocks, respectively.

Bluechips provided quite positive support in today's session. VN-Index increased mainly thanks to GVR, HPG, CTG, VNM, BID. The VN30 basket had 13 stocks increasing, the most prominent was BVH when accumulating 3.3%.

By industry, the securities group had a much more positive performance. HCM increased by 2.7% and some stocks closed at prices 1% higher than the reference price such as SSI, FTS, CTS. The increase amplitude was not high but the industry's electric board was mainly green.

The total trading value of the Ho Chi Minh City market increased by more than VND1,200 billion to over VND16,800 billion. Liquidity improved mainly thanks to the support of demand in the last minutes of the session. Today's cash flow continued to show that stocks are facing a strong support level. However, investor sentiment is not as easily shaken as before when they have no reason to sell stocks at a lower price than expected.

Foreign investors prioritized selling for the third consecutive session, but the net selling value was only 17% compared to yesterday, about 80 billion VND. HPG continued to be the focus of their selling.

Overall for the week, VN-Index accumulated more than 33 points with a decrease on August 22. In the increasing sessions, cash flow tended to become active again with stable demand.

After a good increase, Vietcombank Securities (VCBS) believes that there is a high probability that stocks will accumulate for 3-5 sessions before heading towards the 1,300 point zone, so the market fluctuations will be a good opportunity for investors to increase their proportion. Therefore, this analysis group recommends that investors continue to maintain their portfolios and consider disbursing more with stocks available in their accounts.