The market was in a tug-of-war between buyers and sellers, causing the VN-Index to fluctuate around the reference all day and close the session down 0.45 points.
After yesterday's decline, investors' cautious sentiment was clearly shown, causing the VN-Index to fluctuate within a narrow range around the reference level. At the beginning of the session, the market opened with an upward trend. Although there were times when it fell below the reference level, in general, the index representing the HoSE was mainly green in the morning.
In the afternoon, selling pressure appeared stronger in pillar stocks, causing the index to turn red. Buying pressure poured in at around 1:30 p.m., helping the VN-Index improve, but was quickly overwhelmed by active sellers. At one point, the index was close to 1,112 points. The market continued to struggle until the VN-Index closed the session down to nearly 1,117 points.
On the HoSE floor, 261 stocks decreased, while only 151 stocks increased. According to VNDirect, the three stocks contributing the most to the market decline were VNM, SAB and VIC.
According to statistics from Vietcombank Securities (VCBS), active selling liquidity accounts for nearly 60% of total market liquidity. This shows a cautious sentiment when the new market trend is unclear.
Real estate and banking stocks moved in opposite directions today. While in the morning, the real estate market was still quite positive, bank stocks were generally in the red. In the afternoon, the two sectors reversed.
At the end of today's session, real estate had 6 codes hitting the floor, including SDU, FIT, LGL, TDH, QCG and VRC. Many key stocks in the industry also decreased in price, such as VHM, CEO, VIC, VRE. Most of the codes with average capitalization decreased by 1-2% compared to the reference. On the contrary, this group still recorded some large liquidity codes and increased in price, such as PDR, CII and HAG, all up 2.1%.
16 bank stocks decreased in market value today, while the number of stocks increased was only 6. In the decreasing group, most of the stocks lost around 1-2% compared to the reference. The stocks that increased mostly only accumulated less than 1% of the market value.
Liquidity on the Ho Chi Minh City Stock Exchange decreased by more than 23% compared to yesterday, to about VND13,200 billion. Leading the market were the finance, real estate, industry and raw materials sectors. Foreign investors maintained their net buying momentum, with nearly VND400 billion. Foreign investors preferred to collect stocks in HPG and VND.
Siddhartha
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