Vingroup "family" makes waves, bringing VN-Index to a positive increase, entering a new restricted buying zone

Responding to the "God of Wealth" day, the Vietnamese stock market increased positively and for the 6th consecutive session, with the main contribution of Vingroup group. VIC, VRE increased to the ceiling, VHM nearly reached the ceiling.

Liquidity on the two listed exchanges increased sharply to VND26,369 billion in transactions, exceeding the average level with trading volume on VN30 increasing sharply by 57.04% compared to the previous session. Continued improvement in liquidity shows investors' optimism about the market.

The main driving force for growth in today's session continued to be led by large-cap stocks as the stocks in the group showed very smooth coordination, taking turns supporting the market index.

Specifically, the stock groups VIC, VHM, VRE ... had a very remarkable performance with strong price increases, very sudden liquidity with VIC (+6.94%), VRE (+6.89%), VHM (+6.67%), ceiling purchase surplus of hundreds of thousands of units. VIC is in the top 5 stocks with the highest liquidity on the whole floor, 772 billion VND, VRE is behind with a transaction value of 562 billion VND. This is the 6th consecutive increase of VIC stock with a total increase of more than 10%.

Thanks to today's session, the capitalization value of the above 3 stocks increased by 29,700 billion VND. Of which, VIC's capitalization increased by 11,700 billion VND, VHM increased by 14,500 billion VND and VRE increased by 3,500 billion VND. The increase of Vingroup group appeared after new information about Vinfast from foreign markets.

In consulting rooms, discussing securities, there are rumors that VIC plans to sell part of VRE's capital, which could bring in 500 million USD.

Returning to market developments, besides the stocks that have accumulated for a long time and have not increased strongly in price in VN30 such as POW (+4.35%), MSN (+4.08%), GAS (+3.52%)... replacing the group of banking stocks that led the market to surpass the highest price peak of 2018.

After the accumulation period, most oil and gas stocks also increased positively in price, with strong liquidity increase such as BSR (+5.82%), PVB (+3.86%), PLX (+2.69%), OIL (+1.98%)... fertilizer group stocks with LAS (+4.49%), DPM (+2.49%), DDV (+1.85%)...

On February 19, securities companies' self-trading net sold more than VND421 billion worth of stocks, while foreign investors net bought nearly VND132 billion. Notably, foreign investors strongly net bought Vingroup stocks, including VHM worth nearly VND194 billion, followed by VRE with nearly VND116 billion and VIC with nearly VND111 billion. On the contrary, VND was sold the most with a value of VND146 billion, followed by DBC and MWG with a value of approximately VND61 billion.

Overall, from a technical perspective, the VN-Index's uptrend continues to extend with the consensus of key factors. However, the 1,200-point support level has not been tested since the breakout, and quantitative indicators are signaling a move deeper into the hot zone.

With the market continuing to move positively in the first session of the week, VN-Index continues to maintain its uptrend and is approaching the upper resistance of the expected medium-term accumulation channel, corresponding to around 1,250 points. In the short term, the uptrend of VN-Index may face difficulties because the market will fluctuate and may adjust when approaching the 1,250 point area.

Therefore, existing positions in the portfolio can still be maintained. New buying positions should only be pursued during corrections instead of chasing them during uptrends. The fundamental factors of the business combined with a tight base price and strict control of the margin leverage ratio and stop loss threshold are the actions that will be prioritized when entering the market at the present time.

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