Foreign investors sold net over 1.65 trillion VND, causing the VN-Index to lose nearly 12 points.

Selling pressure from foreign investors caused the VN-Index to lose nearly 12 points on November 19th, falling to 1,205 points, its lowest level in over three months.

Selling pressure from foreign investors caused the VN-Index to lose nearly 12 points on November 19th, falling to 1,205 points, its lowest level in over three months.

Following three consecutive days of declines, some experts suggest the market may experience a slow recovery. Investors should continue to monitor the market's correction towards equilibrium and the stability of macroeconomic factors. Furthermore, investors should focus on stocks with strong fundamentals and positive business prospects, considering investing when valuations reach attractive levels.

The reality was quite the opposite, with the VN-Index opening above the reference level but quickly plunging into the red in the middle of the morning session. The index representing the Ho Chi Minh City stock exchange gradually widened its decline after the lunch break. In the afternoon session, the index continued to fall sharply before closing at 1,205.15 points, losing 11.97 points compared to the reference level and extending its losing streak to four consecutive sessions.

Foreign investors continued to be net sellers in today's session. Specifically, they sold over 79 million shares, equivalent to a transaction value of VND 2,782 billion, while only disbursing VND 1,224 billion to buy approximately 30 million shares. The net selling value therefore reached VND 1,658 billion. This is the highest net selling level in over half a month.

On the Ho Chi Minh City stock exchange, foreign investors focused on selling DGC shares with a net value of over 128 billion VND, followed by TCH with 30.6 billion VND and VHM with nearly 29.4 billion VND. Conversely, foreign investors heavily accumulated VNM shares with a net value of nearly 100 billion VND. VCB ranked next with a net inflow of 40.4 billion VND, followed by BCM with over 32.8 billion VND.

Market breadth was heavily skewed towards the downside, with 287 stocks closing in the red, more than three times the number of gainers. The large-cap basket also saw losses, with 23 stocks closing below their reference price, while only 6 stocks rose.

FPT became the biggest drag on the index, falling 3% to 130,000 VND and leading the list of stocks with the most negative impact on the VN-Index. Leading bank stocks also made the list. Specifically, VCB fell 1.1% to 90,000 VND, while VPB and MBB both dropped 1.07% to 18,500 VND and 23,150 VND respectively.

Most stocks in the securities sector also fell into negative territory. Specifically, VIX decreased by 3.2% to 9,850 VND, BSI decreased by 2.6% to 43,500 VND, and VCI and SHS both decreased by 2.3% to 32,250 VND and 12,900 VND respectively.

Similarly, the steel sector exerted significant pressure on the Ho Chi Minh City Stock Exchange's benchmark index. Specifically, HPG fell 1.4% to 25,450 VND, NKG fell 1.3% to 18,900 VND, HSG fell 1.1% to 18,350 VND, and TLH fell 0.4% to 4,500 VND.

Conversely, VHM rose 3.43% to 42,200 VND, becoming a pillar supporting the market today. Other stocks positively impacting the VN-Index came from various sectors such as oil and gas, real estate, and ports… Specifically, PLX increased 1.59% to 38,300 VND, NVL increased 1.9% to 10,750 VND, VSH increased 2.56% to 52,000 VND, and PDN increased 6.66% to 110,500 VND.

Market liquidity today reached VND 13,248 billion, a decrease of VND 2,309 billion compared to the previous session. This value came from approximately 512 million shares changing hands, a decrease of 134 million units compared to yesterday's session. The VN30 basket contributed over 207 million shares to the trading volume and liquidity reached over VND 7,022 billion.

VHM led in terms of trading value with approximately 1,106 billion VND (equivalent to 26.5 million shares), followed by FPT with a liquidity value of over 1,000 billion VND (equivalent to 7.6 million shares). This figure far surpasses the next-ranked stocks, HPG with nearly 406 billion VND (equivalent to 15.8 million shares) and MWG with over 308 billion VND (equivalent to 5.3 million shares).

Selling pressure from foreign investors caused the VN-Index to lose nearly 12 points on November 19th, falling to 1,205 points, its lowest level in over three months.

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