Investors became more cautious when the market broke its hot streak yesterday, leading to a decrease in liquidity at the end of the week of 7,000 billion VND.
After the VN-Index broke its five-session winning streak, many securities companies immediately recommended investors to be cautious, reduce their stock holdings by realizing partial profits and patiently wait for opportunities to disburse again. Today's session also reflected this trading strategy when the VN-Index fell below the reference point many times due to strong selling pressure but was then immediately pulled up by bottom-fishing cash flow.
At the end of the session, the market recorded more than 900 million shares changing hands with a value of over 16,500 billion VND. Compared to yesterday, the volume decreased by about 400 million shares and the transaction value decreased by 7,000 billion VND.
Today, there are no stocks with liquidity of thousands of billions. VND leads in matched value with nearly 800 billion VND, followed by GEX, DIG and DGC with fluctuations of 500-700 billion VND per share. The common point of these stocks that attract money is that they all quickly reverse from decreasing or reference prices to increasing prices in the last minutes.
The index representing the Ho Chi Minh City Stock Exchange closed at 1,107.5 points, up more than 6 points compared to the reference. MSN contributed the most to today's increase when it increased nearly 3% to 76,500 VND. The remaining names mainly came from the banking and securities groups such as VCB, TCB, VIB , MBB, SSI.
Foreign investors were also more cautious as the trading value was less than half of yesterday's session. However, a positive signal was that this group returned to net buying after two consecutive selling sessions. Foreign investors disbursed more than VND970 billion while selling approximately VND930 billion. The two pillar stocks of the securities group, VND and SSI, attracted the most foreign money with net values of VND127 billion and VND72 billion, respectively.
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