Cash flow is running out again

Cash flow is dry.

Stocks on April 20 were predicted to not be able to escape much pressure. This prediction was correct when VN-Index fluctuated strongly, trading was quiet in the morning session, VN-Index recorded gloom with decreasing liquidity and investor caution.

The balance in the stock market session on April 20 was shown when the general index only fluctuated within a narrow range around the reference level. By the beginning of the afternoon session, only over 3,000 billion VND had been successfully transferred on the Hose floor.

However, according to VCBS Securities Company, diversified demand still found its way to certain industry groups, in which insurance and steel stocks recorded an increase of approximately 1%.

Stocks closed in the green on April 20, but negative signals still appeared. That is, cash flow is drying up again. Illustrative photo

The slow trading speed was still maintained in the afternoon session with active selling liquidity increasing, causing more than 190 stocks to lose points. However, buying force at the end of the session helped the VN-Index reverse and regain green.

At the close of the April 20 stock trading session, the VN-Index increased by 0.27 points, equivalent to 0.03%, to 1,049.25 points. However, the VN30-Index failed to reverse successfully, falling by 2.53 points, equivalent to 0.24%, to 1,053.61 points.

The entire floor recorded 179 stocks increasing in price (8 stocks hitting the ceiling), 72 stocks remaining unchanged and 176 stocks decreasing in price. The VN30 group had 14 stocks increasing in price, 3 stocks remaining unchanged and 13 stocks decreasing in price.

The highlight of the April 20 stock market session was that cash flow once again dried up. Only 374 million shares, equivalent to VND6,627 billion, were successfully traded, down 196 million shares, equivalent to 34.3% in volume and down 3,098 billion VND, equivalent to 31.9% in value.

Faced with the market's shaky and unclear trend, foreign investors only returned to net buying with small liquidity of VND 57 billion in the afternoon session of April 20, focusing on buying SHB , HPG, STB.

“We recommend that short-term investors consider short-term investments in stocks with good adjustment and accumulation in the securities and industrial real estate sectors,” VCBS advised investors.

On the Hanoi Stock Exchange, the situation is more positive as all indices increased with good liquidity.

At the close of the stock market session on April 20, the HNX-Index increased by 0.76 points, equivalent to 0.37% to 206.61 points, and the HNX30-Index increased by 1.48 points, equivalent to 0.4% to 371.01 points. There were 76.3 million shares, equivalent to VND 1,067 billion, successfully traded.

Retail stocks cool down

After the Government agreed to reduce VAT by 2% as proposed by the Ministry of Finance , retail stocks increased sharply. However, this heat did not last long. In the stock market session on April 20, retail stocks suddenly reversed direction, thereby contributing significantly to the decline of VN30.

Specifically, MSN decreased by VND700/share, equivalent to 0.9% to VND78,000/share. MWG decreased by VND100/share, equivalent to 0.2% to VND40,400/share. VNM decreased by VND100/share, equivalent to 0.1% to VND71,900/share.

In the group of large-cap stocks in the retail industry, Sabeco's SAB was the only code that successfully reversed the trend. At the close of the stock market session on April 20, SAB increased by VND100/share, equivalent to 0.1% to VND170,500/share.

Mid-cap stocks in the retail sector were also in the red after a short series of days of "weathering the storm". DGW decreased by VND800/share, equivalent to 2.24% to VND34,900/share. FRT decreased by VND900/share, equivalent to 1.33% to VND66,700/share. PET decreased by VND500/share, equivalent to 1.96% to VND25,000/share.

“Surpassing” the real estate industry, bank stocks “contributed” the most to the decline in the April 20 stock market session of blue-chips. Of which, VPB decreased by 350 VND/share, equivalent to 1.8% to 19,350 VND/share. VCB decreased by 200 VND/share, equivalent to 0.2% to 88,300 VND/share,…

Source: https://www.congluan.vn/chung-khoan-20-4-dong-tien-lai-can-kiet-post244544.html