Self-employed have launched 2,000 billion net stock purchases

In 3 consecutive market decline sessions, self-trading went against the trend and net bought stocks with a value of up to more than 2,000 billion VND.

On November 3, the market continued to have a down session. With 240 stocks down - 88 stocks up on HoSE, VN-Index lost 22.65 points, equivalent to a decrease of 1.38%.  

This is the second consecutive session that the index has decreased by more than 20 points. In the previous trading session on the last day of October, the VN-Index decreased by 29.92 points. Before that, on November 30, the index also lost 16.26 points, equivalent to -0.96%.  

Thus, in the last 3 sessions, VN-Index has decreased by more than 71 points. This shows that there is still great pressure from the selling side.  

However, while many large stocks continue to fall and investors are still selling, the self-trading side of securities companies has taken the opportunity to buy in.

Data from the Ho Chi Minh City Stock Exchange (HoSE) showed that in the session on November 3, proprietary trading net bought both orders and agreements. Specifically, proprietary trading net bought more than VND739 billion via order matching and net bought more than VND146 billion via order matching, bringing the net buying value of proprietary trading to VND885 billion.  

In this session, agreeing with foreign investors, self-employed investors net bought another VND284 billion ofFPT . In addition, MWG was also net bought VND226 billion.  

Notably, the session on November 3rd recorded a series of bank stocks falling sharply in value. TCB fell 4.27%, MBB fell 2.12%, STB fell 5.77%, CTG also fell more than 1%... Contrary to the market, self-employed traders took the opportunity to buy this group of stocks.  

Previously, in the session of October 31, when the market fell nearly 30 points, the self-employed block bought even more strongly with a net buying value of more than VND 1,103 billion.  

While only selling 496 billion VND, self-trading bought more than 1,600 billion VND of stocks. Of which, FRT bought the most net with more than 543 billion VND.  

Thus, along with a modest net buying volume of VND82 billion on October 30, up to now, self-trading has had 3 consecutive net buying sessions with a total value of more than VND2,000 billion in the context of VN-Index falling and a series of large stocks falling in price.

Proprietary trading increased net buying on HoSE in the last 3 sessions

Meanwhile, foreign investors have also reduced their net selling momentum. The net selling value of this group on November 3 was only 136 billion VND, marking the third consecutive session of net selling reduction from October 29 to now with the selling power concentrated in   VIX (284 billion), MBB (123 billion), STB (87 billion). On the contrary, FPT (250 billion),ACB (118 billion), VJC (87 billion) are the codes that are net bought by foreign investors.

The buying volume of foreign investors increased more than the selling volume. On November 3, the buying value reached VND3,641 billion, up 21% compared to the previous session, while the selling value was VND3,778 billion, up only 10%.

Foreign investors have also reduced net selling in the last 3 consecutive sessions.

However, the fact that the market has had 3 consecutive sessions of decline will continue to challenge investors' psychology. SSI Securities Company forecasts that the index is retreating to the important support zone of 1,600 - 1,610. The reaction around the above area will be directional for the next trend. In a balanced scenario, the index will need time to accumulate to recreate a new price base and conversely, the risk of an extended correction may increase with room to retreat to the 1,550 - 1,560 zone.

VCBS recommends that investors need to closely follow market movements to promptly restructure their portfolios when they reach the stop-loss thresholds. At the same time, instead of rushing to catch the bottom, investors should take advantage of this time to "screen" and find stocks that still maintain important technical support zones such as MA20 or the most recent accumulation price base despite the general market's sell-off pressure to look for disbursement opportunities when the VN-Index stops falling and begins to show signs of balance again. Stocks that have good resistance in the VN-Index's downtrend will often also be the stocks that recover the fastest and strongest in the market's recovery phase.

Source: https://baodautu.vn/tu-doanh-da-tung-ra-2000-ty-gom-rong-co-phieu-d427998.html