Stock Market Nears Historic Peak

The VN-Index recently saw a notable increase of 12 points, reaching a level of 1,754 points. This surge brings it remarkably close to its historic peak of 1,767 points, with only a 13-point gap remaining. The primary driver of this rise has been the robust performance of stocks related to the Vingroup conglomerate.

Market Overview

Despite a predominance of declining stocks, the VN-Index maintained a positive trajectory throughout the trading session. Analysts had largely anticipated this upward momentum, with expectations of significant capital flow directed towards Vingroup stocks. The index closed at its highest level in nearly nine consecutive trading days, indicating sustained investor confidence.

Stock Performance

• VIC: This stock emerged as the main contributor to the index’s gain, closing at the ceiling price of 152,700 VND with a buying surplus of over 2.6 million shares.
• VHM and VPL: These stocks also posted impressive increases of 2.8% and 2.5%, respectively, compared to their reference points.
• Sabeco: A standout performer, it surged 100% to reach 53,200 VND, closing with no sellers available.

However, not all sectors fared well. The banking sector experienced significant selling pressure, with major banks like LPB declining by 3.7%. Other large-cap stocks such as VIB, TCB, and STB also saw losses exceeding 1%.

Investor Sentiment and Activity

Investor sentiment remains cautious. The trading volume stood at approximately 21.5 trillion VND, which is lower than the previous week’s average. No stocks reached the threshold of a thousand billion in transaction value this session.

• Top liquidity positions:
• SSI: 952 billion VND
• SHB: 927 billion VND

Foreign investors were net sellers, offloading a significant 1.84 trillion VND of shares, marking the highest level of selling in nearly two months. The stock VPL saw the most considerable pressure, with over 14 million shares sold by foreign investors.

Future Outlook

Experts suggest that the market is heavily influenced by Vingroup stocks. As the VN-Index approaches its historic peak, particularly the 1,800-point mark, experts anticipate increasing profit-taking pressures. Day traders may find fewer opportunities in the current market climate.

Investors are encouraged to lock in profits from stocks that have appreciated significantly and to manage risk effectively as the market approaches key resistance levels. This strategy is crucial for sustaining purchasing power amid current uncertainties.