Foreign investors net sold nearly 1,900 billion VND, VN-Index could not reach 1,300 points

VN-Index surpassed the 1,296-point mark at one point in the first trading hour of the session. However, the index spent most of the time trading below the reference level. FPT was the most traded stock, with foreign investors continuing to aggressively take profits.

VN-Index continues to miss the 1,300 point mark

Following the same trend as the previous 5 sessions, VN-Index increased at the beginning of the session and lost steam at the end of the session. VN-Index opened a price gap in the first half of the morning session. However, unlike previous sessions, selling pressure appeared earlier and caused VN-Index to reverse right after the first hour of trading. Market fluctuations were somewhat negative as VN-Index fluctuated below the reference level for most of the session. Notably, VN-Index ended the session in red with the number of stocks falling significantly.

At the end of the trading session, VN-Index decreased by 6.26 points (-0.49%), down to 1,284.41 points. HNX-Index increased by 0.83 points (+0.34%), up to 246.41 points. UpCoM-Index decreased by 0.61 points (-0.61%), down to 98.95 points.

Red also dominated the banking group. A series of other banking stocks such as EIB, LPB, HDB, ACB ... were all in red. Of which, EIB decreased by 3%, LPB decreased by 2.1%, HDB decreased by 1.5%. Despite receiving high expectations from many investors, Techcombank shares did not fluctuate too positively after announcing the date to close the list of shareholders to exercise the right to distribute bonus shares at a ratio of 1:1. Accordingly, TCB increased by nearly 2% at one point but only increased slightly by 0.92% after closing the session. Along with TCB, some banking stocks such as VPB, TCB or STB also maintained green in today's session.

In the afternoon session, the securities group had positive fluctuations and somewhat helped stabilize investor sentiment, in which, VCI increased by nearly 5% thanks to some rumors about the issuance of bonus shares. The increase of VCI helped transactions in the securities group to be more positive, AGR increased by 2.9%, BSI increased by 2.9%, SHS increased by 2.7%.

In the VN30 group, VCB had the most negative impact on the VN-Index when it took away 1.11 points. At the end of the session, VCB decreased by 0.91%. VHM also had a negative trading session when it decreased by 1.9% and took away 0.8 points from the VN-Index.

On the contrary, FPT was the stock with the most positive impact on the VN-Index, contributing 0.77 points. At the end of the trading session, FPT increased by 1.7%. Tomorrow (June 12) is the trading day without the right to pay the remaining 2023 cash dividend and issue bonus shares at a ratio of 20:3. Codes such as VPB, PLX, TCB, POW... are also in the top of positive impacts on the VN-Index.

Despite its positive increase during the session, FPT was the focus of foreign net selling as foreign investors “took profit” on the shares of this technology company. Foreign investors earned VND260.5 billion from this stock alone.

The total net selling value in today's session was 1,871 billion VND. The net selling trend occurred in a large number of stocks. In addition to FPT, many other large-cap stocks were also sold heavily by foreign investors such as VHM (214 billion VND), HPG (204 billion VND), TCB (119 billion VND), VNM (107 billion VND) or MWG was also sold over 101 billion VND.

On the other hand, foreign investors also disbursed money in some stocks but the net purchase value was not too large. This group focused on buying a lot in PLX (VND 71 billion).

Top stocks net bought/sold in session 6/11

The total transaction value on the three exchanges reached nearly VND28,960 billion. Foreign transactions accounted for a large proportion of the total market liquidity when this group sold shares, earning VND3,018 billion and spent VND1,137 billion buying shares.

FPT is the stock that foreign investors sold the most, and is also the stock that attracts cash flow on the floor with a transaction value of 915 billion VND. The top stocks in terms of liquidity also include TCB (820 billion VND), HPG (790 billion VND), VCI (649 billion VND), VPB (566 billion VND)...

Source: https://baodautu.vn/khoi-ngoai-ban-rong-gan-1900-ty-dong-vn-index-chua-the-cham-moc-1300-diem-d217416.html