Could foreign investors continue to sell off their holdings?

At the close of trading on June 19, the VN-Index only increased by 0.29 points (+0.02%), closing at 1,279 points.

Despite opening in positive territory, the market quickly reverted to a cautious and exploratory state. At one point, the VN-Index fell close to the 1,270 point mark. Market movements were only supported and gradually recovered in the afternoon session of June 19th.

At the close of trading, the VN-Index rose only 0.29 points (+0.02%), closing at 1,279 points. Trading volume on the HoSE reached 1 billion shares, equivalent to a value of 25,741 billion VND.

Among the 30 large-cap stocks (VN30), 14 increased in price, such asFPT (+2.7%), VPB (+2.2%), MWG (+1.8%), PLX (+1.2%), STB (+1.1%), etc. Conversely, 14 decreased in price, such as SAB (-2.5%), VRE (-2.1%), VIC (-1.4%), VJC (-1.2%), TCB (-1%), etc.

In this session, foreign investors continued to net sell on the HoSE exchange with a value of 1,511 billion VND. Specifically, they sold heavily in FPT (-221.7 billion VND), VNM (-170.4 billion VND), VPB (-129 billion VND), and VHM (-97.5 billion VND). Therefore, many domestic investors are concerned that the "selling off" by foreign investors may continue in the next session.

According to VDSC, liquidity on June 19th increased compared to the previous session, indicating an effort by investors to support the market as the supply of shares increased. The VN-Index is expected to continue fluctuating, testing supply and demand in the 1,275 – 1,285 point range in the next trading session.

"However, the recent cautious signals may still pose short-term risks. Therefore, investors should avoid falling into an overbought state," VDSC advises.

VCBS Securities Company also recommends that investors consider making small purchases of sideways-trending stocks in the technology, electricity, and seafood sectors, among others.

Source: https://nld.com.vn/chung-khoan-ngay-mai-20-6-khoi-ngoai-co-the-con-xa-hang-196240619181657204.htm