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Foreign investors end net selling streak

VnExpressVnExpress15/11/2023


After 6 sessions of net selling, foreign investors returned to collect about 245 billion VND today when VN-Index increased by nearly 13 points.

Investor sentiment has gradually improved after yesterday's rally. This has helped liquidity on the HoSE increase by more than VND3,100 billion, reaching about VND19,655 billion. Cash flow continues to focus on real estate, banking and securities.

Foreign investors also traded more actively in both directions, buying more than VND1,690 billion and selling more than VND1,440 billion. After 6 consecutive net selling sessions, today foreign investors reversed to net buy nearly VND245 billion. They mainly collected securities, banking and real estate stocks, mostly SSI, VCB, DXG, DGC, KDH...

These are also the three groups with good growth industry indexes today. Banking stocks continue to maintain their leading role in the market with codes increasing by 2% or more such as ACB , VCB, BID. Of which, VCB and BID are the two stocks contributing the most to the market growth.

The stock group had a common accumulation level of over 1% with prominent codes such as VIX, VCI and FTS. EVF alone continued to increase to its full amplitude. The real estate board mostly increased by 1% compared to the reference, some codes even decreased slightly.

In general, the midcap group in Ho Chi Minh City was sold off quite strongly, but thanks to the support of bluechip codes, the representative index remained green all day. In particular, the majority of large-cap stocks in VN30 attracted good demand, creating a positive premise, leading the market wave to help VN-Index surpass the 1,130 point mark at times.

Due to profit-taking pressure in the afternoon, the HoSE index closed at 1,122.5 points, up nearly 13 points compared to yesterday's session. The entire floor had 414 stocks increasing in price, while 122 stocks decreased in price.

Vietcombank Securities (VCBS) believes that the market will likely experience fluctuations and accumulation in the coming sessions. This analysis group recommends that investors should only disburse to buy stocks during fluctuating sessions and limit chasing purchases during strong increasing sessions.

Siddhartha



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