The stock market on the morning of October 27 recorded many fluctuations when the VN-Index at times increased by more than 12 points but quickly turned down due to increased profit-taking pressure. At the end of the morning session, the index decreased by more than 4 points, down to 1,679 points, with liquidity reaching VND 16,282 billion.
pillar stocks lost momentum, causing the market to lack upward momentum. VIC narrowed the increase to 0.8%, morning liquidity reached 1.9 million units. While many large stocks turned down such as VRE (-2.1%), SSI (-1.4%), CTG (-1%), MSN (-1.1%), MWG (-3%)... By industry, most large groups are trading below the reference such as real estate, transportation, energy and banking.
In contrast, the group of stocks still maintains a slight green color but has a clear differentiation. Some positive growth stocks include FTS ceiling increase, ORS (+4.8%), VIX (+2.6%), SHS (+2.2%), MBS (+1.7%), VCI (+1.2%), VND (+1%), while SSI, HCM and TCX decreased by around 1%.
Notably, the focus in the morning session belonged to the group of export and trade stocks, when maintaining a strong increase thanks to positive information from the results of trade negotiations between Vietnam and the US. The codes TNG (+4.8%), GVR (+3.2%), IDC (+3.7%), KBC (+2%) all had a strong breakthrough. Previously, the textile, seafood and industrial park groups such as TNG (+6.5%), VHC (+3.5%), ANV (+3.5%), HAH (+2.4%), IDC (+5.1%), SZC (+4.2%) have increased well since the beginning of the session.
According to the joint statement just published, Vietnam and the US agreed on the framework of the " counterpartition, fair and balanced trade agreement". Vietnam will expand market incentives for most US industrial and agricultural goods; on the contrary, the US will maintain a counterpart tax rate of 20% on Vietnamese goods and consider applying a 0% tax rate to some products. The two sides also agreed to coordinate in removing non-tax barriers, promoting bilateral trade, and opening up new export growth expectations for Vietnamese enterprises.
In addition, some other industry groups have increased but there is differentiation. However, strong profit-taking pressure in large-cap stocks has caused the general index to reverse and decrease slightly.
Foreign investors net sold more than VND1,148 billion, focusing on SSI (VND339 billion) and MBB (VND215 billion), while net buying FPT with a value of VND114 billion. The market is expected to continue to fluctuate strongly in the afternoon session when supply and demand are still struggling and investors' cautious sentiment has not improved significantly.
