Foreign investors aggressively bought shares during the sell-off session.

SGGPO 25/09/2023 16:42

Another sell-off by domestic investors sent the VN-Index plummeting close to its short-term low of 1,150 points. Meanwhile, foreign investors unexpectedly returned to record net buying of nearly 709 billion VND on the HOSE exchange.

Stocks plummeted to their lowest possible prices during the first trading session of the week on September 25th.

On Monday, September 25th, the stock market seemed poised to stabilize in the morning session after two consecutive days of sharp declines at the end of the previous week, as investors appeared calmer. However, selling pressure remained high, quickly leading to a sell-off.

In the afternoon session, the "trigger" for a sell-off was triggered, causing investors to sell indiscriminately in a panic. Meanwhile, the buying pressure at the bottom was insufficient, leaving the market without support, leading to a sharp decline and plunging it into the red. Real estate and securities stocks hit their lower limit across the board.

The VN-Index closed the first trading session of the week at its lowest point of the day, nearing the 1,150-point mark after falling nearly 40 points.

The blue-chip stock group also saw many stocks hit the floor limit, such as SHS, VIC, GVR, and SSI. Many others also experienced sharp declines, with only three stocks managing to stay in positive territory: SSB (up 1.96%), VJC (up 0.41%), and VNM (up 0.13%).

A series of real estate stocks also hit the floor limit, including: DIG, CEO, DRH, DXS, DXG, NVL, HDC, HDG, HQC, LDG, NBB, NLG, PDR, QCG, SZC…

Similarly, the securities sector also saw a series of stocks plummet to their floor price, including: HCM, CTS, FTS, MBS, ORS, SHS, VCI, VDS, VIX, VND…

Although the banking sector stocks didn't hit the floor limit, many shares experienced significant declines, such as: CTG down 5.85%, TCB down 3.53%, VPB down 4%, MBB down 3.21%, BID down 2.06%, etc.

Not only the major stock groups, but many other stock groups such as seafood, oil and gas, public investment, and steel are also not immune to the market's decline.

At the close of trading, the VN-Index fell 39.85 points (3.34%) to 1,153.2 points, with 495 stocks declining, 45 stocks rising, and 24 stocks remaining unchanged.

At the close of trading on the Hanoi Stock Exchange, the HNX-Index also fell by 11.65 points (4.79%) to 231.5 points, with 169 stocks declining, 46 stocks rising, and 35 stocks remaining unchanged.

The market experienced a sell-off, causing the VN-Index to lose nearly 4%, but liquidity remained quite low due to weak buying pressure at the bottom; the total trading value across the entire market was only around 27,400 billion VND.

While domestic investors were selling off, foreign investors returned to accumulating shares after a series of strong net selling. The total net buying value by foreign investors across the market exceeded 802 billion VND, with the HOSE exchange accounting for nearly 709 billion VND.

The group of stocks that foreign investors accumulated the most were mainly blue-chip stocks such as HPG (VND 109.46 billion), SSI (VND 102.18 billion), VHM (VND 83.39 billion), VNM (VND 69.58 billion)...

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