Vietcombank shares pull the index down, foreign investors net sell more than 900 billion VND

Cash flow is looking for many small and medium-cap stocks while large-cap stocks are facing strong pressure. Vietcombank shares decreased by 1.86% compared to yesterday and contributed to 2.3 points of decrease of the general index.

VN-Index fell sharply at the opening in the previous session but recovered to close down slightly by 0.02 points. However, the late recovery did not make investors' sentiment more positive. Instead, many analysts at securities companies said that the supply pressure in the current area is getting stronger.

Entering the trading session on February 22, the indices still fluctuated somewhat with strong differentiation in many stock groups. The market lacked a leading group, so the VN-Index was still struggling.

Meanwhile, cash flow is looking for small-cap stocks with names like HNG, FIT, LSS, YEG... These codes all ended the session at ceiling prices.

VCB is the main reason why VN-Index turned down on February 22

The market fluctuated quite strongly in today's session with alternating increases and decreases. However, in general, most of the session the market fluctuated in a negative direction and the VN-Index was below the reference level. In particular, many large-cap stocks faced strong selling pressure and made deep adjustments such as VCB, FPT , MWG... VCB closed the session down 1.9% and took away 2.33 points from the VN-Index. HDB decreased 2.6% and took away 0.43 points. FPT decreased 1.2% and took away 0.41 points.

In addition, many stocks in the real estate, securities and steel groups were under strong selling pressure. In the steel group, the adjustment pressure continued due to the impact of the iron ore futures price falling and now at its lowest level in more than 3 months. HPG decreased by 0.9%, HSG decreased by 0.7%, NKG decreased by 1%.

In the securities group, codes such as MBS, BSI, VIX, FTS or HCM, SHS... also decreased by more than 1%. In the real estate group, PDR, CEO and NVL all decreased by 1.4% with liquidity around the average level. Besides, DXG also decreased by 1.3%, KDH decreased by 1.2%.

On the other hand, the banking group itself was also differentiated when it still recorded stocks with positive growth such as TCB, SHB , VIB... In which, TCB increased by 3.3%, SHB increased by 1.7%, VIB increased by 0.9%. Along with that, two Vin stocks, VRE and VIC, also increased well. VRE increased by 1.5% and VIC increased by 0.7%. TCB contributed 1.13 points to the VN-Index this session, the contribution points of VIC and VRE were 0.33 and 0.22 respectively.

At the end of the trading session, VN-Index decreased by 2.73 points (-0.22%) to 1,227.31 points. The entire floor had 217 stocks increasing, 263 stocks decreasing and 77 stocks remaining unchanged. HNX-Index increased slightly by 0.16 points (0.07%) to 234 points. The entire floor had 83 stocks increasing, 77 stocks decreasing and 73 stocks remaining unchanged. UPCoM-Index decreased by 0.03 points (-0.04%) to 90.57 points.

Market liquidity decreased sharply compared to the previous session. The total trading volume on the HoSE reached 840 million shares, worth VND17,950 billion, down 20% compared to yesterday's session. Of which, the value of negotiated transactions accounted for VND1,150 billion. On the HNX, the total trading volume reached 88 million shares, worth VND1,588 billion.

Top stocks bought/sold by foreign investors on February 22

Foreign investors increased their net selling by VND940 billion on HoSE alone. Foreign investors strongly sold bluechips such as HPG (VND150 billion), VPB (VND117 billion), MSN (VND110 billion), MWG (VND105 billion). On the other hand, DGC was the most net bought with VND54 billion. ASM and CTG were net bought with VND48 billion and VND19 billion, respectively. In total, foreign investors sold VND920 billion on the three exchanges.

Source