Selling pressure spread, VN-Index decreased more than 12 points

The stock market on November 6 was submerged in red as selling pressure spread across the finance and banking sector, while foreign investors continued to sell strongly, putting psychological pressure on domestic investors.

The market is under pressure from the finance and banking group, VN-Index drops more than 12 points. Illustrative photo

At the end of the session on November 6, VN-Index decreased by 12.25 points to 1,642.64 points; VN30 decreased by 16.87 points to 1,869.60 points. On the Hanoi Stock Exchange, HNX-Index decreased by 0.55 points to 266.15 points; UPCOM-Index decreased by 0.28 points to 116.22 points. Total market liquidity reached VND20,235 billion, with a matched volume of more than 687 million shares.

The banking group was the focus of weakness when red covered:SHB decreased by 2.16%, HDB decreased by 3.06%, VPB decreased by 2.56%, MBB decreased by 0.84%, TCB decreased by 1.47%, VCB decreased by 0.82%, ACB decreased by 1.17%, BID decreased by 0.39%, EIB decreased by 2.47%. This simultaneous adjustment caused the VN-Index to lose an important support pillar and created a spreading effect to other groups.

In the securities group, SSI decreased by 1.72%, VIX decreased by 2.96%, VND decreased by 1.75%, HCM decreased by 2.17%. Meanwhile, the real estate group was divided when VIC increased by 0.63%, KBC increased by 1.71%, DIG increased by 0.74%, but DXG, VHM, PDR, KDH still decreased.

The industrial, consumer and steel groups also recorded negative developments: CTD decreased by 5.99%, VJC decreased by 1.95%, HPG decreased by 0.76%, NKG decreased by 1.18%, HSG decreased by 0.86%, DPM decreased by 1.81%, MSN decreased by 1.75%, MCH decreased by 4.37%, while MWG increased slightly by 0.12%.

The rare bright color came from the oil and gas group with PVD increasing by 1.86%, PVS increasing by 1.17%. In addition, some infrastructure and transportation stocks such as CII, HHV, VSC, HAH also maintained green color.

Foreign investors' net selling pressure continued to remain high at VND1,067 billion, focusing on STB (VND179.6 billion), VPB (VND102.5 billion), HPG (VND89.2 billion), SSI (VND61.1 billion), CTG (VND59.7 billion). On the other hand, this group net bought MWG (VND177.5 billion), VIC (VND71.7 billion), VNM (VND31 billion), PVD (VND15.7 billion), GMD (VND13.9 billion).

Accordingly, institutional capital is tending to restructure its portfolio, prioritizing leading stocks with solid financial foundations and stable profitability. In terms of index impact, VIC, BCM and BMP are the three stocks that have the most positive support, while VPB, VCB and HDB have the most negative impact on the VN-Index.

Compared to the region, the Vietnamese market is going against the trend. However, the domestic decline is considered short-term, with the expectation that pillar stocks will continue to support the market when sentiment stabilizes again.

PV (synthesis)

Source: https://baohaiphong.vn/luc-ban-lan-rong-vn-index-giam-hon-12-diem-525836.html