The trading session on July 28 marked the 25th anniversary of the stock market's operation. The strong cash flow in the market has helped industry groups compete to flourish, especially the group of large-scale securities stocks, helping the VN-Index continue to accelerate. Green is still the main color on the electronic board and the VN-Index continues to climb new heights.
At the end of today's session, VN Index increased by 26.3 points, equivalent to 1.72%, to more than 1,557 points. The HoSE floor electricity table recorded 258 codes of increase, including 33 codes of ceiling increase, compared to 81 codes of decrease. Similarly, the VN30 electricity board recorded 26/30 codes of increase, helping the index of this basket set a new peak of 1,695 points.
Not only creating a sky-high score, the market also recorded a record of liquidity with 1.85 billion shares transferred on the HoSE, equivalent to a trading value of more than VND 46.500 billion. If calculated on all 3 exchanges, the total trading value of today's session reached more than 52,000 billion VND, approximately 2 billion USD.
However, today's record increase is also an opportunity for foreign investors to make a profit. According to statistics, in today's session, foreign investors net sold more than VND1,000 billion on the HoSE. Of which, HPG is the most sold code in the market with a net selling value of VND417 billion. Next are the codes FPT, GVR, VIX, SSI, GEX.
In terms of industry groups, stock stocks are still a bright spot in the market with a series of stock stocks showing purple with a large ceiling buy volume. The remaining pillar stocks, banks and steel, also extended their increase towards the end of the session thanks to strong absorption demand.
Stock groups have also played a leading role in recent trading weeks thanks to the clear improvement of the market. Although the valuation of this group is at a relatively high level, there needs to be an adjustment to reduce the margin ratio and create space for new cash flow, investors still consider this an industry group to be in the investment portfolio.
It can be seen that the market's momentum is not only due to optimism but also supported by solid foundation factors and 1,500 points are still an attractive valuation zone. The market is being supported by stable domestic cash flow and increasingly active participation of foreign investors, instead of just a short-term excitement. Factors such as low interest rates, strongly promoted fiscal policies, favorable legal environment reform and economic growth prospects are in agreement, creating momentum for the VN-Index to increase.
However, the price increase in recent times has been expansive and relied heavily on margin leverage, making the risk of adjustment more obvious. There will be many fluctuations in the current strong resistance zone, and if the VN-Index cannot convincingly overcome the resistance immediately, it is very possible to have a technical adjustment.
However, the adjustment is reasonable and investors have the opportunity to buy attractive stocks such as stocks or real estate. The adjustment will help the market consolidate the price base, relieve profit-taking pressure, and at the same time create conditions for new cash flow to join. This is an opportunity for investors to restructure their portfolios, instead of considering it a signal to reverse the trend.
