Investors remained cautious after a deep decline, causing the liquidity of the Ho Chi Minh City Exchange (HoSE) today to only reach 21.649 billion VND, less than half of yesterday's level of 43.132 billion VND.
After the VN-Index dropped deeply in the trading session on March 18, most securities companies recommended that investors maintain a cautious mentality, not to sell off but not to rush to catch the bottom. The caution was partly reflected in today's session (March 3) when the index representing Ho Chi Minh City floor mainly struggled around the reference on a low liquidity basis.
Specifically, VN-Index increased slightly after opening hours to approach the 1.250 point mark. However, the green color did not last long when the selling pressure increased in the middle of the session, leading to the index reversing below the reference and sometimes breaching the 1.240 point mark. The tension continued after lunch break until closing time. VN-Index closed today's session at 1.242,46 points, down more than 1 point compared to the reference. This is the fourth consecutive decreasing session, thereby causing VN-Index to lose a total of 28 points.
 |
| VN-Index chart of March 19 session. |
Ho Chi Minh City floor today had a total of 242 stocks decreasing, of which LGC was the only code that lost all of its margin. The number of stocks increased in this session was 216 stocks and 84 stocks remained unchanged. The large capitalization basket recorded 16 codes decreasing, 9 codes increasing and 5 codes remaining unchanged.
Red still prevails in some key stock groups such as banks, securities, and construction. Among the 10 stocks with the strongest impact on VN-Index today, VCB led the way, losing 0,5%, down to 92.500 VND. The remaining stocks in this list are BID, VRE, FPT, GAS, OCB, LGC, SSI, MSN, MWG.
On the contrary, steel stocks were the driving force that helped the market avoid a deep decline thanks to all stocks reversing from falling to increasing at the end of the session. Specifically, HPG increased 0,7% to 29.800 VND, HSG increased 2,5% to 22.200 VND, NKG increased 6,3% to 25.200 VND and POM increased 1,7% to 5.290 VND. Besides, the oil and gas and fertilizer groups also have a relatively positive status to support the market.
VN-Index extended its falling streak but the sell-off did not appear. This is reflected in today's matching volume reaching 914,6 million shares, a sharp decrease compared to 1,7 billion shares in yesterday's session. The transaction value accordingly reached 21.649 billion VND, less than half of the 43.132 billion VND in yesterday's session. This is also the lowest level in the past week or so. Of this amount, more than 2.540 billion VND was traded by agreement method.
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 trading volume, EIB took the lead when recording 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 a net selling streak for the sixth consecutive session. The net selling value of this group is nearly 920 billion VND. FUEVFVND is under the strongest pressure to sell goods from foreign investors with a net selling value of up to 755 billion VND. Foreign investors today bought 1,5 million FUEVFVND fund certificates while the selling volume was up to 17,1 million.
On the Hanoi floor, the HNX-Index also decreased 0,5 points, down to 236,16 points, although the number of increasing stocks outnumbered falling stocks. Liquidity on this floor reached 1.723 billion VND.
