Red dominates, VN-Index drops more than 10 points

The Vietnamese stock market recorded negative fluctuations in the trading session on November 4 due to strong selling pressure in many sectors, especially the banking sector. The VN-Index could not hold steady at the 1,250 point mark.

The Vietnamese stock market recorded negative fluctuations in the trading session on November 4 due to strong selling pressure in many sectors, especially the banking sector. The VN-Index could not hold steady at the 1,250 point mark.

After a gloomy trading week with the average trading value on all three exchanges decreasing by more than 18% (excluding exceptionally high negotiated transactions), liquidity has not improved in the first session of the week.

Investor sentiment has not improved, partly waiting for the US presidential election on November 5. Along with that, the market is entering an information vacuum, making investors more cautious. The indexes' performance is somewhat inconsistent with a good recovery in some real estate stocks. However, strong selling pressure quickly appeared and pulled the indexes deep below the reference level. A series of stock groups were submerged in red and caused strong pressure on the general market.

The "culprits" in today's trading session belong to the group of banking stocks, such as TPB,VIB , VPB, VCB... The sharp decline in banking flows negatively affected investor sentiment. At the end of the trading session, TPB decreased by 2.9%, VPB decreased by 2.23%, HDB decreased by 1.9%, VIB decreased by 1.9%, VCB decreased by 1.1%... VCB was also the stock with the most negative impact on the VN-Index when it took away 1.38 points. VPB and TCB took away 0.87 points and 0.43 points from the general index, respectively.

Not only the banking group, a series of other large stocks in the market also fell quite sharply. GVR fell by 2.3% and took away 0.73 points from the VN-Index. Other large stocks such asFPT , HVN, MSN… were also on the list of stocks with the most negative impact on the VN-Index.

VCB and VPB pulled VN-Index down deeply.

In the VN30 group today, only 5 codes increased in price, including BVH, SAB, CTG, SSI and BCM. Of these, BVH, SAB and BCM often play a role in regulating the market as these are codes with relatively low liquidity compared to the general level of the VN30 group. BVH increased by 0.46%, SAB increased by 0.36%, BCM increased by 0.15%. Outside the VN30 group, REE also surprised with a strong increase of 3.2% and was the code with the most positive impact on the VN-Index with 0.23 points. KBC unexpectedly increased by 2.7% and also contributed 0.13 points to the VN-Index.

The group of securities stocks had a strong recovery at the end of the session, in which names such as FTS, MBS, HCM, BSI, VCI... all increased well. At the end of the session, FTS increased by 4%, MBS increased by 2.2%, HCM increased by 2.1%, BSI increased by 1.5%...

In the real estate group, QCG continued to attract investors' attention when it was pulled up to the ceiling price of 13,050 VND/share. Besides, real estate codes such as HQC, DIG, HDG, DXG or PDR... all maintained a light green color in today's session. However, the differentiation in the real estate group was quite strong when codes such as NLG, TCH, HDC... decreased quite sharply. NLG decreased by 2.95%, TCB decreased by 3.48%...

At the end of the trading session, VN-Index decreased by 10.18 points (-0.81%) to 1,244.71 points. The entire floor had 93 stocks increasing, 287 stocks decreasing and 59 stocks remaining unchanged. HNX-Index decreased by 0.96 points (-0.43%) to 224.45 points. The entire floor had 48 stocks increasing, 102 stocks decreasing. UPCoM-Index decreased by 0.35 points (-0.38%) to 91.61 points. VN-Index "broke" the 1,250 point mark and recorded the lowest level since September 18.

On HoSE, total trading volume reached 710 million shares, worth VND15,854 billion, up 7.2% compared to VND14,790 billion of the session last weekend. The negotiated transaction value in this session accounted for nearly VND2,500 billion.

Foreign investors extend net selling streak.

Foreign investors extended their net selling streak with a value of about VND673 billion on the HoSE floor. The net selling streak of foreign investors has lasted from October 11 until now.

In today's session, MSN was the most net sold by foreign investors with 246 billion VND. VHM was also net sold over 200 billion VND. FPT and VCB were net sold 101 billion VND and 48 billion VND respectively. In the opposite direction, foreign investors net bought the most STB with 84 billion VND. MWG was next with a net purchase value of 63 billion VND. Next, VPB was net bought 33 billion VND.

Source: https://baodautu.vn/sac-do-ap-dao-vn-index-giam-hon-10-diem-d229142.html