Selective cash flow, foreign investors net sold nearly 1,840 billion VND but VN-Index still kept green

The stock market session on December 8 ended with a maintained green color, although the market breadth continued to lean strongly towards the downside. At the end of the session, VN-Index increased by 12.42 points, equivalent to 0.71%, to 1,753.74 points. In contrast, HNX-Index decreased by 1.97 points (0.76%) to 258.68 points and UPCoM-Index lost 0.61 points (0.51%) to 119.88 points. The strong differentiation picture reflects the cautious sentiment prevailing in the market in the context of liquidity remaining below expectations.

VN-Index recovers in a green exterior, red heart situation, VIC - VHM pulls the market to avoid deep correction

On HoSE, red dominated with 217 stocks falling and only 104 stocks rising. The same trend was repeated on HNX with 93 stocks falling and 51 stocks rising. Although the general index still increased, the low spread showed that demand was not really ready to expand, mainly focusing on a few stocks with their own stories.

In the context of most stocks falling, the Vingroup duo continued to play an important supporting role. VIC increased by 6.93% to VND152,700/unit, becoming the code with the most positive impact on the VN-Index. SAB also increased by VND53,200/unit, contributing to strengthening the green color of the index.

Obviously, the information that Vingroup Corporation has decided to issue bonus shares at a ratio of 1:1, increasing its capital to more than 77,000 billion VND has created a strong push for VIC shares. Large cash flows continue to flow into this code, at the end of the session there are still over 2.6 million shares left to buy at the ceiling.

Meanwhile, VHM also increased by 2.8% to 110,000 VND/unit. According to Forbes, billionaire Pham Nhat Vuong's assets increased by 1.5 billion USD to 27.1 billion USD, bringing him to 84th place in the list of the world's richest people, a factor contributing to improving investor sentiment with Vingroup stocks.

In contrast to VIC and VHM, most other real estate stocks traded negatively: CEO fell 2.75%, KDH fell 1.62%, PDR lost 0.68%, DIG fell 2.68%, KBC fell 2.44%, VRE fell 2.51%, DXG fell 1.07%. The strong differentiation within the same industry shows that cash flow only supports leading stocks with clear fundamentals and supporting information.

The industrial group fell further: GEX lost 4.22%, VSC fell 2.88%, GMD fell 2.46%, PC1 fell 3.03%. Only CII increased slightly by 0.95% but was not enough to improve the whole industry. This is a signal that investors are still cautious with cyclically sensitive stocks when the macro outlook is still uncertain.

The raw materials group also made a series of adjustments: HPG decreased by 0.93% despite a net purchase of nearly VND78 billion from foreign investors; DGC decreased by 1.05%, DCM lost 1.77%, NKG decreased by 2.71%. The large supply from domestic investors caused many codes to not maintain green despite the support of foreign capital.

In the non-essential consumer group, MWG decreased slightly by 0.24%, FRT decreased by 1.69%, while PET increased by 1.42% thanks to expectations of fourth-quarter business results.

In the energy group, PVD and POW continued to decrease, but PLX increased by 4.83% and GAS increased by 2.15%, reflecting cash flow rotation among stocks with short-term profit prospects.

Technology and utilities hardly made much of a splash.FPT fell 0.73%, showing that the defensive group is not the destination for cash flow.

Foreign investors continued to sell a net amount of VND1,839 billion. VPL led with a value of over VND1,548 billion, followed by VIC (VND184.87 billion), SSI (VND167.87 billion), GMD (VND92.8 billion), KBC (VND63.33 billion). Many blue chips such as VRE, VCB, ACB, MSN were also net sold tens of billions of VND.

On the other hand, foreign investors bought heavily in banking and steel stocks such as SHB, MBB, VPB, HPG and CTG. Some codes such as MWG, GEX, PVD, VHM and VNM were also included. This shows that foreign capital is choosing carefully, prioritizing good fundamental stocks while taking profits in hot stocks.

The entire market recorded 268 stocks increasing, 446 stocks decreasing and 840 stocks remaining unchanged, the picture of “green on the outside, red on the inside” was very clear. The volume of buy orders reached 782 million shares, sell orders reached 745 million shares; the agreed value was over 4,490 billion VND.

Although the VN-Index increased, this is likely just a technical recovery. If the cash flow does not improve and foreign investors continue to sell net, the market may remain sideways and fluctuate in the coming sessions. The role of pillars such as VIC, VHM, MBB, HPG will become decisive in maintaining the rhythm of the index.

On the HoSE floor, 17 stocks hit the ceiling. Notably, QCG of Quoc Cuong Gia Lai increased sharply to 14,800 VND/unit after the company consulted shareholders on the financial arrangement plan to handle the debt of nearly 1,783 billion VND related to the Van Thinh Phat case and the revocation of the Bac Phuoc Kien project.

Source: https://thoibaonganhang.vn/dong-tien-chon-loc-khoi-ngoai-ban-rong-gan-1840-ty-dong-nhung-vn-index-van-giu-sac-xanh-174809.html