Sudden sell-off, more than 30,000 billion VND immediately poured into stocks

Liquidity surged on all three exchanges today (July 17). The volume of shares traded on the HoSE jumped to 1.23 billion units, with the amount of money flowing into transactions reaching 29,324.07 billion VND.

On the HNX, the trading volume was 87.8 million shares, equivalent to VND 1,905.23 billion, and on the UPCoM exchange, it was 87.14 million shares, equivalent to VND 1,533.51 billion.

Liquidity surged compared to the July 16th session (Source: VNDS).

The breakthrough in liquidity after a period of sluggish trading came from a sudden plunge starting at 2 PM. The index charts appeared to be distorted. The VN-Index at one point lost nearly 20 points before closing down 12.52 points, or 0.98%, at 1,268.66 points. The HNX-Index fell 4.01 points, or 1.64%, and the UPCoM-Index fell 0.98 points, or 1%.

Although the extent of losses on the indices narrowed, many stocks still fell sharply, with 26 stocks experiencing sell-offs and hitting the floor limit. The number of declining stocks on the HoSE was more than three times the number of rising stocks, and on the HNX, the difference was as much as five times.

The VN30-Index closed up 2.07 points, or 0.16%, but still saw 17 stocks decline, with 2 hitting the floor limit. The banking sector can be considered the market's pillar during this session, with some stocks rising sharply and holding back the index. NAB and MBB even hit the ceiling limit at times.

At closing, NAB rose 5.9%; TCB rose 4.4%; MBB rose 4%; BID and HDB both rose 1.8%;ACB and STB both rose 1.7%; CTG rose 1.5%; MSB rose 1.4%... Liquidity in this sector was very good and significantly better than the overall market.

Trading volume at MBB reached 72.36 million units; at TCB 27.35 million units; at ACB 28.89 million units; at STB 25.06 million units; and at CTG 22.6 million units. VPB remained at its reference price and also saw very high trading volume, reaching 34.9 million shares traded.

Except for the banking sector, all other sectors in the market are under strong selling pressure.

Conversely, a massive sell-off occurred in the real estate sector. A series of stocks hit their lower limit on the HoSE, including TCH, SJS, AGG, QCG, FDC, DIG, and IJC. HQC and PDR avoided hitting their lower limit but still suffered heavy losses, falling by 6.5% and 6.6% respectively.

DXS, TDC, HDG, ITC, TIP, HTN, and HPX caused investors to hold their breath as they traded at the floor price before significantly narrowing their losses. Compared to the sharp drop during the session, HPX closed down only 1.2%; HTN down 4.2%; TIP down 4.5%; ITC down 4.6%; and HDG down 4.7%.

Several construction and materials stocks also suddenly "plunged" at the end of the session, such as DXV, LBM, and NHA. EVG, DPG, PC1, CTR, and TCR escaped the floor limit, with TCR making a spectacular recovery, only down 0.3%; CTR down 2.5%; while others like PC1 continued to fall 3.5%; DPG down 6.2% and EVG down 6.7%.

Many stocks in the goods and services sector were heavily sold off, with PAC and VOS hitting the floor price; VTO fell 6.7%; VIP fell 6.4%; and VSC fell 5.6%. All three of these stocks traded at the floor price during the session. PVT fell 4.6%; APH fell 4.4%; HAH fell 4.2%; and GEX fell 3.9%.

Besides GVR, a VN30 stock that experienced a sell-off and hit the floor limit, BFC and CSV of the chemical sector also fell to the floor limit on the HoSE. Chemical stocks have had a fairly good upward trend in recent sessions. Several other stocks such as PHR, DCM, DPM, AAA, NHH, and SFG also briefly hit the floor limit but managed to recover by the close of trading. At the end of the session, PHR fell 5.5%; DCM fell 5.4%; DPM fell 5%; AAA fell 4.1%; NHH fell 2.8%; and SFG fell 2.5%.

The healthcare sector also saw strong profit-taking, with some stocks being sold at any price. Only DBT hit the ceiling price, TRA still increased by 0.9%, while IMP and TNH fell to the floor price on the HoSE, JVC decreased by 4.3%; VMD decreased by 3.5%; DHG decreased by 2.2%. On the HNX, DP3 decreased by 7.6%; MED and DVM decreased by 5.7%; VHE decreased by 3%; AMV decreased by 2.8%.

Foreign investors reversed their trend to net buying after a series of strong net selling (Source: VNDS).

During a broad-based market correction with a surge in liquidity, foreign investors reversed course and bought a net 624 billion VND across the entire market, including a net purchase of 552 billion VND on the HoSE. Specifically, they bought a net 163 billion VND worth ofFPT shares; 162 billion VND worth of MWG shares; 140 billion VND worth of VCB shares; and 102 billion VND worth of TCB shares. MSN shares continued to be sold net 104 billion VND.

Source: https://dantri.com.vn/kinh-doanh/ban-thao-dot-ngot-hon-30000-ty-dong-lap-tuc-doi-vao-chung-khoan-20240717155756811.htm