VN-Index narrows downtrend

Psychological pressure continued to weigh on the domestic stock market this morning, when just a few minutes after opening, the index VN-Index sometimes it drops to more than 25 points. However, the bottom-fishing demand appeared in the last minutes of the session and helped the market recover significantly, especially the reverse of the VN30-Index reflecting the group. share big.

At a time of strong market volatility like today, the group of large-cap stocks really proved to be a “savior”, where the cash flow poured into this morning session. At nearly 11am, bottom-fishing demand appeared and changed the color of the VN30-Index, helping this index to end the session even gaining more than 7 points.

The banking group continued to promote its supporting role when accounting for half of the 10 stocks that had the most positive influence on the market. The biggest increase was VPB with 2.4%. MBB, TCB, CTG, and BID also increased by more than 2%. The group of basic stocks has recently reversed the downward trend of the market, but this morning session continued to prove its strength when increasing the market price quite well. FPT, HPG, GAS or DGC can be mentioned with a popular increase from 1% to nearly 3%.

However, the strength of the blue-chips also showed a divergence when there were still nearly 50% of stocks in the VN30 basket that decreased or stood still. In which, 2 codes of the Vingroup family, VIC and VHM, created a rather heavy and decreased grip. Large stocks of important industry groups such as real estate or manufacturing of consumer goods were also sold. Real estate with NVL, DIG; production has MSN, SAB trading under reference.

The focus of this morning’s trading session was on stocks related to Louis Capital and Tri Viet Group after negative news about authorities handling business leaders for manipulating securities. Unexpectedly, many related stocks continued to drop to the floor, there were no buyers and the oversold volume reached millions of shares.

However, from the VN-Index’s movements, there were more than 220 stocks that fell to the floor at the beginning of the session to the end of the session with only nearly 60 stocks at the floor, which partly shows that the trading sentiment has improved somewhat. In fact, foreign investors also continued to collect goods this morning, with a net buying value of about 640 billion dong.

VN-Index ended the morning session narrowing the drop to only 4 points. Liquidity increased compared to yesterday morning with more than 486 million shares, equivalent to more than 13,940 billion dong traded. HNX-Index dropped more than 11 points and lost 370 points. Traded more than 60 million shares, equivalent to nearly 1,400 billion VND.

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