Foreign investors net sold more than 600 billion VND, VN-Index reversed and decreased again

VN-Index today reversed from increasing to decreasing by 4 points, down to 1,258 points due to strong selling pressure from foreign investors while domestic cash flow has not yet been strongly disbursed.

After yesterday's strong increase, the stock market is expected to continue its recovery thanks to the cash flow disbursed into stocks that have undergone strong corrections. In fact, investors actively bought in the morning session of April 10, helping the VN-Index stay green throughout the morning session.

However, from the second half of the afternoon session, the market shifted to a strong tug-of-war state when selling pressure increased and showed signs of dominating the buyers. Although there was a time when it regained the reference, the index representing the Ho Chi Minh City Stock Exchange then turned to decrease points because foreign investors sold strongly, thereby closing today's session at 1,258.56 points, losing 4.26 points compared to the reference.

The selling side completely dominated when the number of stocks decreasing was 275, while the number of stocks increasing was only 177. The large-cap basket also recorded a similar situation when 18 stocks decreased while only 7 stocks increased. The market recorded a consensus red color in pillar stocks such as securities, steel, and oil and gas.

Two Vingroup stocks, VHM and VIC, played a supporting role for the market when they increased by 2.31% to VND44,200 and 1.7% to VND48,500, respectively, leading the list of stocks with the most positive impact on the VN-Index. Next on the list were HVN up 3.43%, PNK up 3.7% and VCB up 0.2%.

In contrast to the euphoria of the two Vingroup stocks, many large-cap stocks in the VN30 basket were under intense selling pressure. Specifically, BID topped the list of stocks with the most negative impact on the market when it fell 1.3% to VND52,000, followed by CTG with a 1.75% decrease. down to VND33,650. Other stocks also on this list are GVR, GAS, HPG, MSN, MWG, MBB, SSI and ACB .

Foreign investors were the main factor causing the market to reverse from increase to decrease. Specifically, this group today disbursed VND1,663 billion to buy more than 55.77 million shares while selling up to 75.7 million shares equivalent to VND2,269 billion. Accordingly, the net selling value of foreign investors reached VND606 billion, the highest in the past week.

Foreign investors continued to sell VHM strongly with a net value of VND216 billion despite the fact that the stock price was gradually increasing. Next in the list of stocks that were sold off fiercely were NVL, FUESSVFL fund certificates, VNM, PVD and PDR. On the other hand, foreign investors actively disbursed into MBB with a net buying value of up to VND409 billion, followed by VIC, DGC, and BID.

Market liquidity today reached 702.2 million shares, extending the decline for the fourth consecutive session. Trading value reached VND16,846 billion, down VND300 billion compared to yesterday and the lowest level in more than 2 months.

NVL recorded the highest trading volume on the Ho Chi Minh City Stock Exchange with 38.89 million shares traded, equivalent to VND702 billion. VPB traded 29.2 million shares and VHM traded 24.32 million shares, ranking second and third in liquidity, respectively.

Source