What action does foreign block take?

(NLDO) – In the stock market session on October 31, foreign investors net sold more than 1,665 billion VND worth of stocks, of which MSN code was sold for over 1,332 billion VND.

At the end of the session on October 31, the VN-Index closed at 1,264 points, up 5.8 points.

Selling pressure continued to cause the VN-Index to be in the red for most of the morning session. However, the market performance was not too bad as stocks only made slight corrections and some banking stocks maintained their green color. The sluggish trading status was mainly due to the lack of determination of cash flow.

In the afternoon session, the sudden increase in demand created momentum to help stocks return to green. Notably, large-cap stocks in the banking, securities, and consumer groups such as VCB, CTG, HCM, SSI, MWG, HVN... increased impressively, contributing to the overall score.

At the end of the session, the VN-Index closed at 1,264 points, up 5.8 points, equivalent to 0.46%.

Notably, in this session, foreign investors sold more shares than they bought. Specifically, foreign investors sold 126.3 million shares and bought 103.7 million shares. In total, foreign investors net sold 22.6 million shares worth more than VND1,665 billion. Accordingly, many speculate that in the upcoming sessions, the actions of foreign investors may lead to the buying and selling trends of domestic investors.

With the above developments, Vietcombank Securities Company (VCBS) recommends that investors should only hold stocks with stable demand, and can consider disbursing more when the market has fluctuations in these stocks. Some industry groups that should be noted at this time include real estate, securities, banking, etc.

However, Dragon Capital Securities Company (VDSC) said that the supporting cash flow is still low. The risk of the market being blocked and retreating from the 1,265 - 1,270 point area is still lurking.

Source: https://nld.com.vn/chung-khoan-ngay-mai-1-11-khoi-ngoai-co-hanh-dong-gi-196241031174949936.htm