With nearly 550 stocks declining in the final trading session of the week, the VN-Index lost almost 14 points. A series of stocks, including banking stocks, lost 2-3% of their market value.
The continuous corrections in the stock market are causing discouragement among many investors - Photo: QUANG DINH
Opening for trading on November 15th, the stock market continued its negative trend as selling pressure persisted. The VN-Index further widened its decline, nearing the 1,220 point mark by the end of the morning session.
Foreign investors withdrew nearly 1,500 billion VND from the stock market.
Most sectors were in the red throughout today's trading session.
The real estate sector, however, saw a slightly smaller decline as some stocks bucked the general market trend, with proactive buying dominating from the start of the session and net buying by foreign investors.
Among them, the group of stocks that maintained their gains included: KBC (+2.44%), VRE (+0.55%), SZC (+2.3%), NTL (+0.28%)...
In addition, stocks in the " Viettel " group, such as VTP (+6.99%), VGI (+1.07%), etc., also brought some positive momentum to the market.
At the close of trading, nearly 550 stocks on all three exchanges declined, contrasting with over 200 blue-chip stocks in the green. As a result, the VN-Index also dropped nearly 14 points, falling to 1,218 points – its lowest level in several months.
Regarding price trends across sectors, sharp declines significantly impacted the scores in credit institutions (-1.06%), financial services (-2.44%), hardware (-4.48%), energy (-2.8%), raw materials (-1.5%), and vehicles and components (-1.27%).
Most notably, foreign investors continued to withdraw nearly 1,500 billion VND from the stock market.
Stocks experiencing the strongest net selling by foreign investors included: VHM of Vinhomes (-698 billion VND),FPT (-342 billion VND), SSI (-208 billion VND), VNM of Vinamilk (-104 billion VND), VPB of VPBank (-77 billion VND), TCB of Techcombank (-48 billion VND)...
Two scenarios for the stock market in November.
According to ABS Securities experts, the Vietnamese stock market continues to fail to conquer the "tough psychological resistance" mark of 1,300 points.
Liquidity in the market last month also recorded a decrease to its lowest level since March 2024, with the average trading value per session reaching only over 16,000 billion VND.
ABS experts forecast two scenarios for the market in November.
In the first scenario, the market continues to decline with weak trading liquidity (10,000 - 12,000 billion VND/session) to the lower boundary of support level 1 around 1,225 points. In this case, if the chart shows a relatively strong candlestick with a long lower wick, investors can open short-term buy positions.
In scenario 2, if the market falls below the 1,125 price level with high liquidity and no signs of active buying demand, investors should wait to trade at support levels 2 and 3. These are important support levels established by the previous lows recorded in April and August 2024 and the peak of 2023.
"The overall market is showing downward pressure, and trading scenarios are leaning towards short-term buying strategies as the VN-Index and individual stocks approach reliable support levels," the ABS expert emphasized.
Investors should pay attention to stock groups that benefit from macroeconomic trends such as: industrial real estate, textiles, seafood, technology, food, etc., ABS experts recommend.
However, investors should choose leading stocks with strong fundamentals and profit growth prospects, showing greater strength than the overall market, or stocks that are forming bottoming patterns…
Source: https://tuoitre.vn/chung-khoan-lai-tut-huyet-ap-hon-500-co-phieu-giam-gia-20241115153724698.htm
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