Stocks reverse downward

Maintaining green for most of the trading time, selling pressure increased in the last minutes, causing VN-Index to reverse from increasing to decreasing, closing at 1,115 points.

This morning, the index representing the Ho Chi Minh City Stock Exchange increased slightly thanks to the cash flow into large-cap stocks. The increase was widened to 11 points as soon as the information that the State Bank lowered the ceiling on savings interest rates for the second time in a month was announced, thanks to which the index rose to nearly 1,130 points - the highest price level since the beginning of the year.

However, taking advantage of this excitement, many investors quickly took profits, causing the index to gradually narrow its range and turn around in the ATC session. The VN-Index closed down nearly 2 points from the reference, extending the decline for three consecutive sessions after the hot increase at the beginning of the month.

Red covers many groups of stocks such as oil and gas, fertilizer, and construction. Meanwhile, the securities group all skyrocketed due to investors' expectations of a new uptrend thanks to positive macro information.

In terms of stocks alone, VIC was the code that weighed down the index the most despite maintaining the reference price of VND53,500. On the other hand, two pillar codes of the banking group, VCB and STB, helped the market avoid a deep decline due to the overwhelming selling pressure from domestic investors.

Market liquidity was approximately VND22,500 billion, an increase of nearly VND10,000 billion compared to yesterday. Today, there were two stocks recording liquidity of thousands of billions, respectively VND (VND1,382 billion) and STB (VND1,296 billion). Stocks in the group of 10 most frequently traded codes such as SSI, NVL, HPG, VPB also recorded significantly higher liquidity compared to recent sessions.

While domestic investors were selling off their stocks, foreign investors continued to invest heavily. This group poured nearly VND2,650 billion into the market, the highest level in nearly two months. VND, HPG and STB were the names that attracted the most money from foreign investors.

Orient

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