Stocks break strong growth streak

Many pillar stocks such as banking, steel, and securities all fell, causing the VN-Index to break its four-session increasing streak, although the adjustment amplitude was insignificant.

Most stocks in the steel, securities, fertilizer, seaport industries... closed below reference (illustrative photo)

Profit-taking pressure has appeared sporadically in some groups of stocks after the VN-Index had a strong increase for 4 consecutive sessions, reaching the highest price level in 3 years. This caused the stock market to fluctuate strongly today, continuously reversing from decrease to increase and vice versa. The index representing the Ho Chi Minh City Stock Exchange closed at 1,341 points, a slight adjustment compared to yesterday, but losing the continuous increase streak.

Market breadth was relatively balanced with 163 stocks advancing, while 162 stocks declined. The large-cap basket had a larger difference with only 8 stocks advancing, while 21 stocks declined.

Red dominated the banking group. CTG lost 1.6% to VND38,900, while SHB , SSB, HDB, VIB decreased by 0.8-1.1%. On the contrary, only a few stocks of this group went against the market trend such as EIB increased by 5.3% to VND22,900 or TCB accumulated another 1% to VND30,800.

Oil and gas was a strong growth group in previous sessions, but now under profit-taking pressure, they all fell. OIL led the range when it adjusted 2.8% to 10,300 VND, other pillar codes such as PLX, BSR , PVD all fell more than 1%.

Most stocks in the steel, securities, fertilizer, and seaport industries closed below the reference price. However, the common adjustment level was not more than 2%.

Real estate is an important pillar for the market in today's session. This group only recorded 2 small-cap stocks losing points, NBB and KHG, the rest remained in a state of excitement. NVL closed the session at the ceiling price of VND13,950 and there were no sellers, while the remaining buy volume was more than 4.8 million shares. HDC, CEO, AGG, NLG also increased by more than 3.5%.

Stocks related to Vingroup Corporation also maintained an upward trend, except for VIC which kept the reference price of VND97,000.

Market liquidity today reached VND20,887 billion, down about VND1,500 billion compared to yesterday. SHB ranked first in terms of matched value with VND1,061 billion. This was also the only stock to record a trillion-dollar liquidity, far surpassing the following stocks such as NVL, VPB, GEX.

Foreign investors continued to send negative signals when they net sold another VND256 billion, extending the dumping streak for 5 consecutive sessions. Specifically, this group sold more than VND2,900 billion today while buying about VND2,680 billion. Selling pressure focused on banking stocks such as CTG, SHB, VPB.

TH (according to VnExpress)

Source: https://baohaiduong.vn/chung-khoan-dut-chuoi-tang-manh-412722.html