Stocks decline slowly, low liquidity

After the opening time this morning, the sell orders were prioritized by investors, causing the index representing the floor to show red, at one point the VN-Index decreased by more than 10 points, down to nearly 1,245 points. At the end of the morning trading session, the VN-Index decreased by 6.82 points, down to 1,248.41 points.

In the afternoon session, the market moved more positively as bottom-fishing pressure appeared more, thanks to which the VN-Index increased at 2:00 p.m. However, the green color only lasted for a few minutes, after which the VN-Index decreased again.

In today's trading session (September 11), the VN-Index continued to decrease, but the decrease was not large, and liquidity was low. Illustrative photo.

At the end of the session, VN-Index decreased by 1.96 points (-0.16%), down to 1,253.27 points; VN30-Index stopped at 1,293.88 points, down 0.18 points (-0.01%). Declining stocks dominated with 218 stocks going down and 170 stocks going up.

In the VN30 group, the number of codes increased and decreased respectively were 11 codes and 14 codes. Going against the market were the financial services, raw materials, transportation, consumer services, software, healthcare, semiconductors, and entertainment and media sectors. In the groups that decreased points, specialized services and trade, household and personal goods, and retail of food and necessities decreased by more than 1%.

Taking away the most points in this session was VCB with more than 0.8 points; followed by SSB (0.65 points), NVL (nearly 0.4 points). On the other hand, HPG, HVN, VHM, FPT, MBB, VPB, STB, VJC, FTS, VGC supported the market to not decrease further.

Liquidity reached nearly 13,000 billion VND. Foreign investors bought and sold quite equally. This group bought more than 1,561 billion VND and sold nearly 1,555 billion VND.

On the Hanoi Stock Exchange, the HNX-Index stopped at 231.45 points, down 0.24 points (-0.1%); the HNX30-Index decreased 0.13 points (-0.03%), down to 502.02 points; nearly 900 billion VND was changed hands.

The fact that the VN-Index fluctuated and then moved sideways within the range of 1,200 - 1,280 points, according to Mirae Asset analysts, is due to the market lacking clear growth drivers.

In the medium and long term, Mirae Asset analysis team believes that the market still does not have enough data to assess that the market will soon enter a trend reversal phase, and the VN-Index is likely to continue moving towards the psychological milestone of 1,300 points in the context that the P/E valuation of the VN-Index remains at a relatively attractive level (trading below the average of the last 10 years).

An Ha

Source: https://www.congluan.vn/chung-khoan-giam-cham-lai-thanh-khoan-thap-post311822.html