Stocks: Market on fire, foreign investors net sold 1,000 billion VND

ANTD.VN - Selling pressure increased sharply towards the end of the session, causing the electronic board to be submerged in red, the VN-Index fell nearly 18 points. Cash flow also entered the market strongly with nearly 1.5 billion USD in liquidity, foreign investors net sold more than 1,000 billion VND.

The stock market opened today in a rather excited mood. Just a few minutes after opening, the VN-Index successfully conquered the 1,250 point mark.

However, the 1,250 threshold also proved to be a "tough" resistance level when the HOSE index quickly retreated when entering the continuous order matching session and narrowed the increase towards the end of the session.

It seems that the excitement at the beginning of the trading session was a "trick" when the market lacked a group of leading stocks, the indices quickly retreated to the reference. The number of declining codes gradually overwhelmed the number of increasing codes and red quickly covered the electronic board at the end of the morning session.

Thị trường chứng khoán diễn biến tiêu cực trong phiên đầu tuần ảnh 1

The stock market performed negatively in the first session of the week.

At the end of the morning session, the HOSE floor had only 170 stocks increasing, while there were 319 stocks decreasing. However, thanks to SAB and VIC, the VN-Index this morning maintained a slight increase of 1.6 points, up to 1,243.08 points. The total trading volume reached more than 550 million units, worth more than 13,000 billion VND.

On the HNX floor, increased selling pressure caused the market to reverse and correct downwards. At the end of the morning session, the HNX-Index decreased by 0.59 points (-0.23%) to 355.62 points. The UPCoM-Index also decreased by 0.22 points (-0.24%) to 94.5 points this morning.

In the afternoon session, the selling pressure suddenly increased, causing the stock price to continuously fall. There were times when the market saw support, helping the index recover slightly, but in general, the overwhelming selling pressure caused many stocks to continue to fall deeply.

However, the strong market correction is also a waiting point for some of the money flow that has been on the sidelines during the almost continuous increase in the previous 3 weeks. However, the money flow is not willing to bid higher prices, thus not helping the indices escape the downtrend.

At the end of the session, VN-Index stopped at 1,223.63 points, down 17.85 points (-1.44%) and marked the third consecutive session of decline. Large-cap stocks fell sharply, causing VN30-Index to fall more than 18 points (-1.48%) to 1,230 points.

On the Hanoi Stock Exchange, the HNX-Index lost 4.87 points (-1.9%), down to 251.33 points; the UPCoM-Index today also lost 1.01 (-1.07%), down to 93.71 points.

Red dominated the board with HoSE recording 446 stocks falling, compared to only 85 stocks rising. In the large-cap group alone, 26/30 bluechip stocks closed in red.

In VN30, SAB was the most active stock, increasing by more than 4%, PLX increased by more than 1%, VPB slightly exceeded the reference. On the contrary, GVR decreased by more than 4%, VRE,SHB lost more than 3%, VHM, STB, MSN, HPG, VJC, TPB decreased by more than 2%.

Apart from VN30, the real estate group was under increased selling pressure. NVL was the highest traded stock on the floor with a trading value of over VND1,500 billion, falling to the floor price. Some other codes such as DXS, HTN also fell to the limit, in addition, DIG, HQC also fell deeply.

Foreign investors net sold more than 1,000 billion VND today, the 5th consecutive net selling session and the highest net selling session in many months.

Source link