Investors remained cautious after a deep decline, causing liquidity on the Ho Chi Minh City Stock Exchange (HoSE) today to only reach VND21,649 billion, less than half of yesterday's VND43,132 billion.
After the VN-Index fell sharply in the trading session on March 18, most securities companies recommended that investors remain cautious, not to sell off but also not to rush to catch the bottom. This caution was partly reflected in today's session (March 19) when the index representing the Ho Chi Minh City Stock Exchange mainly fluctuated around the reference level on a low liquidity basis.
Specifically, VN-Index increased slightly after opening to approach the 1,250-point mark. However, the green color did not last long when selling pressure increased in the middle of the session, causing the index to reverse below the reference and at times break the 1,240-point mark. The tug-of-war continued after the lunch break until the close. VN-Index closed today's session at 1,242.46 points, down more than 1 point from the reference. This was the fourth consecutive session of decline, causing VN-Index to lose a total of 28 points.
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| VN-Index chart session 19/3. |
Today, the Ho Chi Minh City Stock Exchange had a total of 242 stocks decreasing, of which LGC was the only one that lost all its amplitude. The number of stocks increasing in this session was 216 and 84 were unchanged. The large-cap basket recorded 16 stocks decreasing, 9 stocks increasing and 5 stocks remaining unchanged.
Red still dominates some pillar stocks such as banking, securities, and construction. Among the 10 stocks that have the strongest impact on the VN-Index today, VCB leads the way, losing 0.5% to VND92,500. The remaining stocks on this list are BID, VRE, FPT, GAS, OCB , LGC, SSI, MSN, and MWG.
On the other hand, steel stocks were the driving force that helped the market avoid a deep decline thanks to all stocks reversing from decline to increase at the end of the session. Specifically, HPG increased by 0.7% to VND29,800, HSG increased by 2.5% to VND22,200, NKG increased by 6.3% to VND25,200 and POM increased by 1.7% to VND5,290. In addition, the oil and gas and fertilizer groups also had a relatively positive status to support the market.
VN-Index continued its downward trend but there was no sell-off. This was reflected in the matched volume today, which reached 914.6 million shares, down sharply from 1.7 billion shares in yesterday's session. The transaction value accordingly reached VND21,649 billion, less than half of VND43,132 billion in yesterday's session. This is also the lowest level in about a week. Of this, more than VND2,540 billion was traded by negotiation.
DIG today leads in transaction value with 854 billion VND, followed by HPG with more than 809 billion VND and NKG with more than 731 billion VND. In terms of transaction volume, EIB leads with more than 32.2 million shares successfully transferred, followed by NKG with more than 29.2 million shares and DIG with more than 28.3 million shares.
Foreign investors maintained their net selling streak for the sixth consecutive session. The net selling value of this group was nearly VND920 billion. FUEVFVND was under the strongest selling pressure from foreign investors with a net selling value of up to VND755 billion. Foreign investors today bought 1.5 million FUEVFVND fund certificates while the selling volume was up to 17.1 million.
On the Hanoi Stock Exchange, the HNX-Index also fell 0.5 points to 236.16 points, although the number of stocks increasing far exceeded the number of stocks decreasing. Liquidity on this exchange reached VND1,723 billion.
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