Stocks suddenly reversed at the end of the session, red covered the board.
The domestic stock market opened the session with high excitement but ended the morning session at near the lowest point.
The mixed situation continued, the green color of the market continued to be promoted by a few pillar codes such as VIC, LPB, MBB or VJC. However, many other large-cap stocks lacked consensus, VHM, VRE, STB all adjusted together with many other bank stocks that could not maintain the upward momentum at the end of the session.
Red also spread across many small and medium-cap stocks in the real estate, securities, retail, and export groups. October is starting off relatively difficult for investors. Because in the previous 4 months, VN-Index increased by more than 450 points, equivalent to about 37%. The market has been steadily rising without any really clear correction period. The breaks also took place for a few short sessions. Therefore, profit-taking pressure around the peak of 1,700 points is present.
Notably, the Ho Chi Minh City Stock Exchange (HoSE) has announced that it will transfer BCG shares - Bamboo Capital Group Corporation and TCD shares - Tracodi Construction Group Corporation from restricted trading to suspended trading.
This morning's storm immediately hit shareholders of the Bamboo Capital group of stocks. Reacting to the above information, the two codes BCG and TCD immediately dropped by the entire 7% margin, with no buyers.
Sharing the same fate as the group of stocks being controlled or warned, however, the two codes HBS and VMD continued to have a second session of sublimation after the information about contributing capital to a company trading in cryptocurrencies and crypto assets. It can be seen that recently, a lot of information about establishing this type of crypto asset company has attracted the attention of cash flow. However, investors should also pay attention because according to the State Securities Commission, there will only be 5 companies licensed to pilot providing crypto asset services under Resolution 05 with relatively strict conditions.
Weak liquidity, foreign investors continue to sell strongly
At the end of the trading session on October 2, VN-Index decreased by 12.74 points to 1,652.71 points; HNX-Index lost 3.67 points to 269.55 points. The entire market recorded 418 stocks decreasing, while only 216 stocks increasing.
Liquidity was low, with the VN-Index trading volume reaching nearly 770 million shares, equivalent to more than VND22,000 billion; the HNX-Index reached over 74 million shares, worth more than VND1,500 billion. The total trading value on all three exchanges was just over VND24,000 billion, significantly lower than the July-August period.
In terms of impact, VIC, MBB, TCB, LPB were the stocks that most positively supported the VN-Index. On the contrary, VHM, VPB and VRE put great pressure, causing the index to fall deeply. On the HNX, the KSV, SHS and MBS groups had the most negative impact.
There was a strong divergence across sectors, but red still dominated. Hardware and equipment, along with financial services, were the two sectors with the sharpest declines. On the other hand, the commercial and professional services sector recorded a rare positive impact on the market.
Regarding foreign transactions, the net selling pressure has not stopped. On HOSE, this group net sold more than 2,200 billion VND, focusing on VHM (240 billion VND),FPT (234 billion VND), VPB (222 billion VND) and STB (173 billion VND). On HNX, foreign investors net sold more than 44 billion VND; of which SHS was the most net sold (24 billion VND), followed by IDC (9 billion VND) and HUT (7 billion VND).
The decline on October 2nd showed that cautious sentiment still dominates the market, cash flow is not ready to return, while net selling pressure from foreign investors is still a worrying factor for the short-term trend.
Source: https://vtv.vn/vn-index-bat-ngo-dao-chieu-manh-cuoi-phien-100251002170447138.htm
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