Foreign investors sold strongly, VN-Index plunged 43.54 points

The trading session on November 7 ended with a sudden and strong drop, when VN-Index plunged 43.54 points (-2.65%), officially losing the psychological threshold of 1,600 points, stopping at 1,599.10 points. The entire HoSE floor was submerged in a "sea of ​​red" with 540 stocks decreasing in price, of which 25 stocks hit the floor, completely overwhelming the 29 stocks that increased to the ceiling. Liquidity remained high, reaching more than VND 27,351 billion, reflecting strong selling pressure from investors.

VN-Index dropped sharply by 44 points

The market performance this morning was quite cautious, with the VN-Index only falling slightly by more than 21 points. However, things quickly reversed in the afternoon session when selling pressure intensified, causing the VN-Index to lose nearly 44 points. The index fell to 1,595 points at 2:20 p.m. before recovering slightly, then closing below the 1,600 point mark.

Afternoon liquidity spiked 63% compared to the previous session, showing a strong cash outflow. Many buy orders were “forced” in the sell-off wave, and most stocks closed at the session’s lowest price. Analysts said this was the sharpest decline since the beginning of the fourth quarter, marking a clear change in market sentiment after a series of hot increases.

The negative focus belonged to the Vingroup group of stocks, with VHM of Vinhomes hitting the floor (-6.98%), VIC falling 3.9% and VRE losing more than 2%. This decline strongly pulled the general index, at the same time causing a spillover effect to the entire real estate group.

Stocks in the same industry such as PDR (-3.86%), DIG (-2.96%), DXG (-4.55%), KDH (-4.69%), KBC (-5.18%), TCH (-3.23%), NVL (-2.7%) all made deep adjustments. Overall, the real estate industry's capitalization "evaporated" nearly 4% in just one session, reflecting strong profit-taking pressure after the recovery period.

Not only the real estate group, banks and securities, the two pillars of the market, could not avoid the sell-off wave. The entire banking sector decreased by 2-7%, in which STB (-6.84%), CTG (-4.11%), MBB (-1.69%), VCB (-1.66%), TCB (-1.79%), VPB (-3.51%), BID (-2.6%) all fell sharply.

The stock group decreased by an average of nearly 4%, with codes VND (-3.57%), VCI (-2.17%), HCM (-2.88%), SHS (-5.31%), VIX (-6.67%) all being sold heavily. Large liquidity while prices fell sharply showed that pessimism prevailed, with individual investors mainly "selling when recovering" to preserve profits.

Another factor causing great pressure is that foreign investors continued to net sell more than 1,295 billion VND on HoSE. They bought 2,679 billion VND but sold up to 3,974 billion VND. The codes with the most net sales include STB (-296 billion VND), HDB (-166 billion), VHM (-96.88 billion), VIC (-93.53 billion), MBB (-112 billion), CTG (-67 billion).

On the contrary, this group net bought HPG (+299 billion VND),FPT (+119 billion VND), PVD (+82 billion VND) and TCX (+47 billion VND). Foreign capital has been continuously withdrawn since the beginning of the week, reflecting cautious sentiment in the face of global developments and unclear US interest rate policy.

Amid the gloomy context, the market still recorded a few small bright spots. MCH ( Masan Consumer) increased by 3.45%, becoming the biggest support code for VN-Index thanks to expectations of increased consumer demand during Tet. FPT continued to maintain its growth momentum of 0.8%, benefiting from the growth of software export segment.

Oil and gas group traded differently: GAS (+1.29%) and PVD maintained prices, while PVS (-1.45%), PVC and PVT only decreased slightly, partly supported by stable world oil prices around 85 USD/barrel.

By the end of the session, the VN-Index had fallen a total of 3.37% in the last two sessions, but the actual losses suffered by individual investors were twice as high as the stocks had fallen more deeply than the index. According to statistics, there were 125 stocks that fell more than 2%, accounting for nearly 69% of the total matched value of the entire HoSE floor.

Analysts say that after reaching a historic peak of 1,639 points at the end of October, the VN-Index needs to adjust to balance the price level. However, losing the 1,600-point mark will strongly affect short-term sentiment, causing investors to tend to be defensive and reduce the proportion of stocks in their portfolios.

According to experts, the 1,580 - 1,590 point mark will be the nearest support zone for the VN-Index in the coming sessions. If the bottom-fishing demand is strong enough, the market may experience a short-term technical recovery. However, in the context of high liquidity but weak demand, the possibility of a sustainable recovery is still unclear.

Investors are advised to maintain a high cash ratio, prioritize stocks with good fundamentals, and avoid chasing stocks during strong fluctuations. The market is entering a natural adjustment phase, and patiently waiting for a signal of balance will be the safest strategy.

Source: https://thoibaonganhang.vn/khoi-ngoai-ban-rong-manh-vn-index-lao-doc-4354-diem-173263.html