Affected by the announcement of lowering the interest rate ceiling, banking codes continued to plummet when active selling dominated today.
Yesterday, except for HDB, which kept the reference, all bank stocks listed on the Ho Chi Minh Stock Exchange (HoSE) fell. This development happened after the news that the State Bank of Vietnam reduced the operating interest rate for the second time this year.
The red color on the electricity board with the banking industry continued today. There were 15/27 stocks that recorded a decrease in market price, the strongest being SGB, which lost 6,1%. Many stocks were heavily sold out by investors such as STB, SHB, ACB, and VPB. Most of the trading time, these codes recorded the active selling force accounted for more than half.
The stock code of Sacombank recorded nearly 960 billion dong, the largest in the whole market, but mainly by the active sellers. At one point, the selling force accounted for almost the entire trading value of this stock. STB closed down 1,5% compared to reference.
According to VNDirect, VPB is the stock that contributed the most to the whole market today. Two representatives of STB and SHB also appeared in the top 10 negative impacts on HoSE.
However, this industry still recorded four gainers including LPB, VCB, BID and NAB. In which, VCB is the second ranked stock in the group contributing to the increase of the whole market.
At times, VN-Index was pulled down by bank stocks, this index was later That was still ahead thanks to the positive movements of the industry and real estate groups. In which, real estate recorded 8 ceiling codes including NTC, MH3, SII, BVL, MGR, SJS, SGR and TDH. In addition, mid-cap and large-cap stocks also gained well, notably with IDC increasing by 4,6% compared to the reference.
Closing the session, VN-Index increased by more than 2,8 points compared to yesterday, to 1.064,6 points. However, the market fell into a state of "green shell, red heart" when there were 216 losers and only 172 gainers. The same situation also happened with VN30.
The "drug" of reducing interest rates has not been able to stimulate the market immediately as HoSE liquidity dropped 15% to more than 11.700 billion dong, the lowest level in the past 7 sessions. Foreign investors still maintained a net selling momentum for four consecutive sessions, with the difference between selling and buying nearly 400 billion dong. Today, foreign investors preferred to sell HPG, VND, and HSG codes.
Siddhartha
