Foreign investors return to buy stocks in the "sell-off" session

The Vietnamese stock market in the trading session on October 18 was quite negative due to the sell-off of domestic investors. Stocks were scattered on the floor, causing the VN-Index to lose nearly 30 points at one point, but by the end of the session, the decline had narrowed significantly due to increased bottom-fishing demand.

However, the real estate stocks continued to fall without stopping, only a few stocks remained green, SZC increased by 4.41%, IDC increased by 2%, the rest all decreased. In which BCG, CII, DIG, DRH, CKG, DXS, HQC decreased to the floor, HDC decreased by 5.56%, DXG decreased by 5.49%, NVL decreased by 5.54%, PDR decreased by 3.97%, SCR decreased by 4.35%, QCG decreased by 4.29%, ITA decreased by 5.57%, NBB decreased by 3.01%... In addition, the Vingroup trio also decreased with VRE decreased by 1.85%, VHM decreased by 2.7%, VIC decreased by nearly 1%.

Securities stocks also fell sharply. Except for a few rare stocks that remained green, such as VIX up 3.85%, SHS up 1.85%, MBS up 1.96%, VND and SSI up nearly 1%, the rest all fell sharply. Of which, OGC hit the floor, CTS down 6.64%, VDS down 3.23%, VCI down 1.45%, SBS down 5.19%, HBS down 4.88%, AGR down 3.86%...

Banking stocks were also in the red with BID down 3.15%, ACB down 1.78%, EIB down 1.45%, MBB down 1.93%, OCB down 3.97%,SHB down 1.89%, STB down 1%, TCB down 1.57%, TPB down 1.52%...

In addition, the manufacturing group also traded quite negatively with HPG down 3.23%, MSN down 3.8%, SAB down 2.29%, DCM down 3.77%, DPM down 5.76%, VHC down 4.34%, HSG down 5.56%, BMP down 3.48%...

While domestic investors sold off, foreign investors returned to collect goods, net buying in the whole market of 583 billion VND, of which net buying on HOSE was nearly 559 billion VND.

At the end of the trading session, VN-Index decreased by 18.25 points (1.63%) to 1,103.4 points with 465 stocks decreasing, 53 stocks increasing and 32 stocks remaining unchanged. At the end of the session at the Hanoi Stock Exchange, HNX-Index also decreased by 2.92 points (2.72%) to 227.11 points with 161 stocks decreasing, 33 stocks increasing and 34 stocks remaining unchanged. Bottom-fishing demand entered the market when VN-Index dipped below 1,100 points, causing liquidity to skyrocket, with the total trading value in the whole market being about VND25,300 billion, of which HOSE accounted for nearly VND22,000 billion.

Source