Market struggles in a situation of depleted cash flow

After a slight struggle at the opening, the market gradually regained green and climbed to 1,042 points. However, this is still a difficult resistance zone for the VN-Index to overcome. Although the large-cap group is dominating the green, low trading volume has caused the market to turn back to red after 2 hours of trading.

From here, the market only fluctuated, large-cap groups such as banks, securities, steel, real estate , ... adjusted slightly. Meanwhile, electricity and chemical stocks are trying to go against the market trend. On the HoSE floor alone, the matched order value was only over 2,300 billion VND.

At the end of the morning session on March 2, VN-Index decreased by 3.68 points, equivalent to 0.35% to 1,036.87 points. The entire floor had 141 stocks increasing, 206 stocks decreasing and 74 stocks remaining unchanged. HNX-Index increased by 0.23 points, equivalent to 0.11% to 207.06 points. UPCoM-Index increased by 0.2 points, equivalent to 0.26% to 76.84 points.

VN-Index performance on March 2 (Source: FireAnt).

In the afternoon session, the market changed its situation with the number of stocks falling overwhelmingly, making it even more difficult for the VN-Index to return to green. Half of the banking stocks fell, causing the market to be in a tug-of-war situation. In addition, the high selling pressure in the ATC session pushed the market to end the session in red.

At the end of the trading session on March 2, VN-Index decreased by 2.94 points, equivalent to 0.28% to 1,037.61 points. The entire floor had only 156 stocks increasing, the remaining 235 stocks decreasing, 62 stocks remaining unchanged.

HNX-Index decreased by 0.69 points, equivalent to 0.33% to 206.14 points. The entire floor had 72 stocks increasing, 82 stocks decreasing and 72 stocks remaining unchanged. UPCoM-Index decreased by 0.36 points to 76.28 points. The VN30 basket alone recorded 20 stocks decreasing in price.

Leading the market today, BIDV is at the top with an increase of 1.64% to 46,400 VND/share, followed by a series of other bank codes such as VCB, STB, HDB, LPB, BAB, EIB, OCB... witnessing strong increases, however, CTG, VPB,ACB , MBB, SSB, VPB, TCB, VIB, TPB,... are still in the opposite direction.

Another industry that also increased well is the utility group, with 16/46 codes in the green, such as POW, PGV, VSH, NT2, PPC, CHP,... although still in the red, it did not have too strong an impact on the industry.

Foreign investors continue to net buy.

However, a series of industry groups are in red with the number of decreasing industries overwhelming the number of increasing industries. Although there is differentiation, the general market is still going down.

Liquidity is still too low compared to previous sessions of the market. The total matched value reached 7,187 billion VND, down nearly 24% compared to the previous session, of which the matched value on the HoSE floor alone decreased by 23% to 6,362 billion VND. In the VN30 group, liquidity reached 2,318 billion VND.

Foreign investors have cooled down their net selling but the selling value is still up to 120.16 billion VND. Of which, this group disbursed 880.75 billion VND and sold 1,000.91 billion VND. The codes that were bought strongly were mainly in the VN30 group, for example NKG 21 billion VND, STB 20 billion VND, BID 16 billion VND, VNM 13 billion VND... On the contrary, the codes that were pushed to sell were VCB 32 billion VND, PVD 23 billion VND, MSN 21 billion VND, NVL 16 billion VND, NT2 14 billion VND,... .

Source: https://www.nguoiduatin.vn/thi-truong-giang-co-trong-tinh-the-dong-tien-suy-kiet-a596072.html