After opening in slightly positive territory for a few minutes, selling pressure intensified, causing the VN-Index to reverse course and fall quite sharply in the final trading session of January.
Major sectors such as banking, steel, and real estate were all in the red. However, the securities sector bucked the trend, with only one stock (HCM) declining, while the rest all rose, leading the market in trading volume.
At the close of the morning trading session on January 31st, the VN-Index fell 9.09 points, or 0.77%, to 1,170.56 points. Across the entire exchange, there were 106 gainers and 346 losers. The HNX-Index decreased by 0.36 points to 230.31 points. The UPCoM-Index fell by 0.21 points to 87.64 points.
VN-Index performance on January 31 (Source: FireAnt).
In the afternoon session, the negativity continued and spread further. At one point, the VN-Index fell below the 1,160-point mark, but the decline narrowed before the close of trading.
At the close of trading on January 31, the VN-Index fell 15.34 points, or 1.3%, to 1,164.31 points. Across the entire exchange, there were 101 gainers, 393 losers, and 62 stocks that remained unchanged.
The HNX-Index fell 1.49 points to 229.18 points. Across the entire exchange, there were 64 gainers, 94 losers, and 74 stocks unchanged. The UPCoM-Index decreased 0.16 points to 87.69 points. Within the VN30 basket, 26 stocks declined.
VCB became the "culprit," leading the decline and taking away nearly 3.5 points from the overall index. The negativity also spread within the banking sector, with BID, CTG,SHB , VPB, and TCB following suit, collectively subtracting 3.6 points from the market.
Red dominated most chemical stocks, with GVR falling 2.4%, DPM 2.24%, AAA 2.42%, DCM 1.4%, HCD 3.94%, and LAS 2.33%.
The steel sector fared little better, with HPG down 0.89%, NKG down 3.2%, HSG down 1.08%, POM down 3.17%, TLH down 1.84%, and SMC down 4.98%.
The securities sector continued to be a bright spot in today's session, with most stocks in the sector showing gains, for example, SSI increased by 0.73%, VIX by 0.29%, VCI by 2.02%, MBS by 3.21%, FTS by 5.62%, and CTS by 1.54%.
Liquidity yesterday compared to today.
The total value of matched orders in today's session reached VND 27,145 billion, an increase of 71% compared to yesterday's session. Of this, the value of matched orders on the HoSE reached VND 23,314 billion, an increase of 69%. In the VN30 group, liquidity reached VND 10,573 billion.
Foreign investors continued their net buying streak for the second consecutive session, with a value of VND 121.4 billion, including VND 1,830 billion in disbursements and VND 1,708 billion in sales.
Stocks that experienced significant selling pressure included VRE (185 billion VND), VNM (93 billion VND), VND (70 billion VND), VCB (50 billion VND), VIC (38 billion VND), etc. Conversely, stocks that were mainly bought up included AIC (1,263 billion VND), SSI (195 billion VND), HPG (113 billion VND), AAA (95 billion VND), VIX (80 billion VND), etc.
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