In yesterday's trading session (August 4) of the stock market, the VN-Index recorded a recovery session of nearly 33 points with the consensus of the large-cap group. In addition, the widespread spread of green also shows that investor sentiment has improved significantly, cash flow shows signs of returning to the market.
That excitement helped the stock market open its morning session with strong liquidity increases. Cash flow is rushing into the market. At the end of this morning's session (8.), the VN-Index increased by 36.84 points, setting a historic peak of 1,565 points. Liquidity on HOSE reached more than 32.3 trillion VND.
Green is everywhere in stocks. The most prominent of which is the group of financial stocks. This group is leading in liquidity in terms of total market growth. The group of large-cap stocks is showing its strength. With good growth in this morning's session, VN30-Index surpassed the 1,700 point mark.
Vingroup "ham" stocks continued to lead the market this morning. VIC increased the range to 118,900 VND, contributing nearly 7 points to the VN-Index. VHM ranked second in the list of stocks that have the most positive impact on the index when increasing by 5.3% to VND 97,100. VRE and VPL are both trading higher than the reference price, but the price increase range is more modest.
The market recorded nearly 1.2 billion shares successfully transferred, equivalent to VND 32,270 billion. 4 out of 6 stocks with liquidity of thousands of billions in the morning session belonged to the banking group, including TCB, MBB, TPB and SHB. The remaining two stocks in the top group of the liquidity rankings are HPG and SSI.
While domestic investors were excited, foreign investors were selling net aggressively. This group of investors continued to disburse about VND2,500 billion, but net sold about VND2,900 billion.
The market developments are contrary to the forecasts of many securities companies when before today's session, most analysts believe that the VN-Index will continue to extend its upward momentum but is likely to only fluctuate around 1,550-1,560 points, after which fluctuations will appear.
In the newly published August strategy report, First Vietnam Securities (VFS) said that with the market still conquering the old peak after adjustment, this is still an important resistance zone that needs attention.
Previously, the average trading value per session in July reached VND32,800 billion, a sharp increase of 75% compared to the previous month, reflecting strong new cash flow and high expectations from investors. In addition, July also recorded a decrease in points with a record liquidity of more than VND 70,000 billion - the highest level ever.
VFS believes that the market's record of high liquidity of over 40,000 billion in the last sessions of July has opened up the possibility of establishing a new liquidity base for the market. On the other hand, according to the industry group, the financial and real estate groups are groups that are quite popular with both investment and speculation cash flow. Especially when the market increased sharply and continuously surpassed the hard support levels.
In August, many positive information are expected to continue to support the market such as cash flow still in the market and continuously rotating through many industry groups but not really escaping despite a strong adjustment/distribution session.
According to VFS, demand from the institutional sector is still maintained, helping the market balance during the corrections. In addition, the macro information on tariffs between the US and Vietnam that may be announced again will be a lever to help the market recover and continue to increase points.
Scenario 1: Demand strength improves positively, VN-Index recovers and continues to increase towards a higher score area. Investors can participate in disbursing in stocks that show signs of continuing the uptrend or breaking out of the accumulated base with large volumes.
Scenario 2: Selling pressure in high price areas is boosted, VN-Index returns to fluctuate within the range of 1,450 - 1,550 points. Investors can trade within the limit (buy at the lower limit and wait to sell at the upper limit) for short-term surfing activities.
