Stocks broke the chain and gained for three consecutive sessions

The index representing the Ho Chi Minh Stock Exchange kept in green most of the morning trading time thanks to the excitement of investors after the mid-week rally. However, selling pressure dominated from the beginning of the afternoon so the index reversed to close to 1,230 points, losing nearly 10 points compared to reference. Real estate codes attracted the cash flow strongly in the last minutes so the dropping band narrowed, but that was still not enough to help the index return to green.

Ho Chi Minh Stock Exchange today had 223 stocks closing below reference, of which 17 were from VN30 basket. The red color focused a lot on oil and gas stocks and essential consumer goods such as GAS, VNM, and SAB. Shares of Masan Group (MSN) after hitting the ceiling price for three sessions, from 87,000 dong to 110,000 dong, now also reversed and dropped sharply. Many banking codes such as VCB, CTG, and BID were also on the list of stocks that kept the VN-Index down, although the reduction margin was not large.

Market liquidity dropped for the sixth consecutive session, to only 12,460 billion dong. Money flowed the most into HPG stock with more than 520 billion dong, followed by SSI, DIG, DPM and STB. These five codes accounted for nearly 17% of the trading value on the Ho Chi Minh Stock Exchange. Meanwhile, stocks with high speculative nature such as FLC, ROS, TGG, BII, YEG all recorded a deep drop in liquidity.

Foreign investors’ transactions were also less active than in previous sessions. This group bought less than 900 billion dong and sold more than 1,320 billion dong, equivalent to a net selling value of more than 420 billion dong – the highest since the beginning of April until now. HPG, SSI and VIC are the three stocks with the strongest selling pressure. On the other hand, DPM, MSN and FUEVFVND fund certificates were gathered the most by foreign investors.

For the whole week, the market had three gaining sessions sandwiched between two down sessions, thanks to that VN-Index accumulated nearly 60 points compared to last week. The average trading value per session is approximately VND 13,600 billion.

Eastern