Over 35,000 billion VND in stock transactions during the session when VN-Index fell

Although many bank stocks increased sharply in the morning session, they suddenly turned down sharply towards the end of the session on February 23. The stock market closed in red with the VN-Index falling 15.31 points to 1,212 points. On the Hanoi Stock Exchange, the HNX-Index also fell 2.93 points to 231.08 points and the UPCom-Index lost 0.41 points to 90.16 points.

Notably, cash flow poured in during this session when the total market transaction value reached more than 35,000 billion VND, equivalent to more than 1.4 billion USD, the highest level in more than half a year.

Over 1.4 billion USD in stock transactions on February 23rd despite VN-Index's decline

In the morning session, banking stocks continued to rise, supporting the market, such as BID, which hit its ceiling price and many other stocks traded in the green. However, in the afternoon session, banking stocks all turned sharply lower, with only a few remaining in the green until the end of the session, such as BID, BVB, SGB, and VAB. The decline of banking stocks also led to a series of other stocks being sold off heavily.

For example, the construction materials industry group was quite active when contributing to the increase in the morning trading session but then also went down such as HPG, HSG, NKG, HT1... Or the securities industry group is also attracting attention from cash flow but at the end of the session, a series of blue-chip codes of this industry could not maintain the green color such as SSI, VCI, VND, HCM, VDS, SHS...

Meanwhile, this session, the seafood stock group recorded a positive growth when it continuously led the increase group and many codes maintained the increase momentum until the end of the session such as FMC, VHC, ACL, IDI...

HOSE alone recorded 414 stocks falling, of which 3 hit the floor, overwhelming 98 stocks rose. The matched trading value on HOSE exceeded VND30,000 billion and was the highest liquidity session since the end of September 2023. The sharp decline also "blew away" more than VND62,000 billion of HOSE's capitalization.

High liquidity is considered a bright spot of the stock market. However, some investors are also cautious, saying that with the "huge" trading volume, this could be a classic "distribution" session, especially after a series of strong increases of many stocks since before Tet.

Source: https://thanhnien.vn/hon-35000-ti-dong-giao-dich-chung-khoan-trong-phien-vn-index-sut-giam-185240223154020537.htm