Stocks were "ambushed" again at the end of the session

SGGPO 11/10/2023 18:21

The market continued to be hit by profit-taking, causing strong fluctuations. In the afternoon session, VN-Index at times managed to rise above the reference price with an increase of nearly 3 points from a decrease of nearly 9 points in the morning session. However, in the last few dozen minutes of the session, the "surprise attack" scenario recurred, causing VN-Index to turn around and fall quite deeply.

The market at the end of the week was in red.

The Vietnamese stock market in the last trading session of November 10 continued to record the second correction session after the market exploded following the momentum of the November 8 session with large volume.

Banking stocks also fell simultaneously, putting great pressure on the market: SSB fell 2.86%, LPB fell 2.55%, VCB fell 2.16%, VPB fell 2.25%, EIB fell 2.2%, TCB fell 1.43%, MBB fell 1.91%, VIB fell 1.55%, BID fell 1.52%; ACB , CTG fell nearly 1%...

Securities stocks were also in the red with VDS down 1.64%, VCI down 1.6%, BVS down 1.57%, CTS down 1.96%, OGC down 1.5%, ORS down 1.23%; SSI, HCM down nearly 1%...

Although the real estate - construction stocks group went against the market for almost the entire trading session, at the end of the session, many stocks also turned to decrease following the market: DRH decreased by 2.22%, HQG decreased by 2.53%, NVL decreased by 1.84%, KDH decreased by 1.72%, HDC decreased by 1.17%, ITA decreased by 1.26%, SCR decreased by 1.29%, SZC decreased by 1.05%; IDC, DIG, KBC, NLG decreased by nearly 1%; the Vingroup trio also decreased simultaneously with VRE decreasing by 1.44%, VHM decreasing by 1.4% and VIC decreasing by nearly 1%... Only a few real estate stocks remained green: TCH increased by 2.92%, DXG increased by 1.8%, DXS increased by 2.28%; HDG, PDR increased by nearly 1%...

In addition, some large-cap stocks fell sharply, putting pressure on the index, such as SAB down 2.35%, VNM down 1.56%, MSN down 1.75%, GVR down 1.78%, MWG down 2.23%, GAS down 1.63%...

At the end of the trading session, VN-Index decreased by 12.21 points (1.1%) to 1,101.68 points with 417 stocks decreasing, 148 stocks increasing and 49 stocks remaining unchanged. At the end of the session at Hanoi Stock Exchange, HNX-Index also decreased by 1.57 points (0.69%) to 226.65 points (0.69%) with 104 stocks decreasing, 54 stocks increasing and 72 stocks remaining unchanged. Market liquidity, although decreasing compared to the previous session, remained at a different level, with total trading value across the market reaching VND23,800 billion.

In this trading session, foreign investors continued to net sell nearly 236 billion VND on the HOSE floor.

Source