Although cautious sentiment has caused the market to trade quite slowly at the beginning of the session on July 25, green is still the main color on the electronic board and the VN-Index continues to maintain a slight increase.
There were times when the VN-Index slightly adjusted due to increased pressure on blue chip stocks, but this index quickly turned around and recovered thanks to strong increased demand.
At the end of the session on July 25, the VN-Index increased by 10.11 points, equivalent to 0.66%, to 1,531.13 points. This is the highest score in the 25-year history of trading in the Vietnamese stock market. Similarly, VN30-Index set a new peak of nearly 1,670 points.
The largest contributors to the scores for the VN-Index today are VHM (1.66 points), VJC (1 point), VPB (1 point), SSI (0.98 points), GEX (0.8 points). On the contrary, VIC is the index's upward resistance code when it contributes -1.67 points.
Cash flow continues to be boosted, liquidity today's session reached nearly VND42 trillion with more than 1.7 billion shares in handover.
Statistics show that SSI is the stock code that attracts the strongest cash flow in the market with more than VND 2,000 billion. In addition, the HoSE floor electricity board recorded 5 codes with a transaction value of more than VND 1,000 billion: HPG, VPB, VND, VCI, GEX.
Although the market is at its peak, foreign investors are not "releasing goods" as usual. In today's session, foreign investors only net sold less than 50 billion VND. Of which, the most net-sold code is HPG (456 billion VND). Next are the codes FPT, MSN, VHC, VCB.
Up to this point, market valuations are generally still at a reasonable level, not falling into a state of being too hot. More importantly, support comes from truly improved profit quality in key industries such as banking, construction, retail and energy. Domestic cash flow is stable, foreign investors are returning to net buying and the second quarter business results revealed many positive signals - these are factors supporting the stock price level.
Although the market has often reached a peak, creating a positive psychological effect, making investors more bold in using financial leverage, in the context of the VN-Index continuously increasing since the beginning of July, the risk of fluctuations and technical adjustments is increasing. In history, there have been many times after hot increases there have been deep adjustments, especially for stocks with high speculation and low liquidity.
