Liquidity disappears again, VN-Index turns down in session 12/17

The market continued to trade in a downward accumulation direction without many outstanding points. Liquidity through order matching fell to the lowest level since November 5.

The market continued to trade in a downward accumulation direction without many outstanding points. Liquidity through order matching fell to the lowest level since November 5.

VN-Index closed the previous session at 1,263.79 points, down 0.1%, trading volume down 2.4% and only 65% of the average. Entering the trading session on December 17, the indices only edged above the reference level for a short time. Although selling pressure was not pushed to a very high level, because demand was very weak, the indices quickly reversed. VN-Index recovered at times, but the overall cash flow was still too weak, so the indices quickly fell again. Trading was sluggish on a low liquidity basis, buy and sell orders were competing with each other at large price differences, with no signs of improvement.

The afternoon session took place with strong fluctuations below the reference level of VN-Index and HNX-Index. Similar to previous sessions, the market continued to accumulate and go down. Red still dominated the electronic board and put great pressure on the general market. The market went down with low liquidity.

At the end of the trading session, VN-Index decreased by 2.07 points, equivalent to a decrease of 0.16% to 1,261.72 points. HNX-Index decreased by 0.15 points (-0.07%) to 226.89 points. UPCoM-Index increased by 0.13 points (0.14%) to 92.77 points.

Top 10 stocks affecting VN-Index

The entire market recorded 324 stocks increasing, 352 stocks decreasing and 897 stocks remaining unchanged/no trading. The number of stocks increasing to the ceiling was 21 while there were also 18 stocks decreasing to the floor. On the HoSE alone, today's session had 232 stocks decreasing while there were 147 stocks increasing and 78 stocks remaining unchanged.

Similar to previous sessions, the market did not have many outstanding sectors. Red dominated most of the stock sectors in today's session.

In the VN30 group today, 19 stocks decreased, while only 5 stocks increased in price. Of which, FPT , MWG, VPB, VRE, VNM... all had quite strong decreases. FPT decreased by 1.27% and was the stock that had the most negative impact on the VN-Index when it took away 0.67 points. FPT decreased quite strongly due to pressure from foreign investors, this stock was net sold by nearly 2.1 million units. Recently, FPT announced its business results for November with revenue reaching 56,404 billion VND and pre-tax profit reaching 10,239 billion VND, up 19.5% and 19.8% respectively over the same period. Profit after tax belonging to the parent company's shareholders (net profit) recorded an increase of 21.1% to 7,302 billion VND, equivalent to EPS of 4,995 VND/share.

In addition, MWG decreased by 1.15% and ranked third in the list of stocks negatively affecting the VN-Index with 0.25 points. VPB decreased by 0.79% and took away 0.29 points from the index.

On the other hand, VHM, VTP, KDH… are the stocks that have the most positive impact on the VN-Index. VHM increased by 0.85% and contributed 0.35 points to the index. VTP also increased by 2.5% and contributed 0.1 points. Besides VTP, two stocks of the same “family” Viettel , VGI and VTK, also increased quite well in today’s session.

Cash flow continued to circulate between small and medium-sized stocks, with prominent names such as ABS, PAC, GSP, HVH, YEG... These stocks all received good demand and pulled up to the ceiling price. In the chemical fertilizer group, DDV increased sharply by 3.7%, CSV increased by 0.24%, DGC increased by 0.43%, LAS increased by 0.95%.

FPT becomes the focus of net selling by foreign investors

Market liquidity remained low. Total trading volume on HoSE reached 502 million shares, equivalent to a trading value of VND12,086 billion, down 5.7% compared to the previous session, with negotiated transactions accounting for VND3,366 billion. Trading values on HNX and UPCoM reached VND605 billion and VND1,100 billion, respectively.

Foreign investors increased net selling by VND763 billion across the market. Foreign investors sold the most FPT code with VND312 billion. MWG followed with a net selling value of VND80 billion. NLG and HPG were net sold by VND63 billion and VND57 billion respectively. In the opposite direction, SIP was the most net bought with VND35 billion. VHM was also net bought by VND33 billion.

Source: https://baodautu.vn/thanh-khoan-lai-mat-hut-vn-index-quay-dau-giam-diem-trong-phien-1712-d232746.html