VN-Index breaks its upward trend despite foreign investors continuing to buy stocks
VN-Index slightly decreased by 0.06 points in the trading session on August 14, down to 1,230.36 points due to selling pressure appearing in many pillar stock groups such as banks, securities, and aviation.
The market moved sideways on a weak liquidity basis yesterday, making most investors cautious. This was reflected in the fact that the VN-Index opened in the green but the increase was not large and remained in this state throughout the morning session. High selling pressure while weak demand caused many groups of stocks such as banks, securities, airlines, etc. to plummet before closing. The index representing the Ho Chi Minh City Stock Exchange closed today at 1,230.36 points, down 0.06 points from the reference and breaking the streak of 3 consecutive sessions of increase.
Market breadth was skewed to the downside with 243 stocks in the red, while only 163 stocks increased. On the other hand, the VN30 group increased by 1.66 points compared to the reference, to 1,270.38 points thanks to 17 stocks closing in the green and 13 stocks decreasing.
The banking group became the biggest “burden” when most of the stocks topped the list of stocks negatively impacting the VN-Index. Specifically, VCB decreased by 1.68% to VND88,000, VPB decreased by 0.83% to VND18,000, MBB decreased by 0.85% to VND23,400 and EIB decreased by 1.6% to VND18,450. The remaining representatives in the list of stocks with negative impacts were DGC, SSI, HVN, HAG, VND and FPT , respectively.
The aviation group also recorded less exciting trading. Specifically, HVN decreased 0.96% to VND20,650, VJC and SAS both decreased 0.3% to VND102,500 and VND29,600, respectively.
The securities group put significant pressure on the market when most of them closed below the reference. Specifically, BSI decreased by 2.7% to VND46,600, VIX decreased by 2.2% to VND11,100, VDS and ARG both decreased by 2% to VND19,800 and VND16,800, respectively.
On the other hand, two Vin stocks were on the list of the most positive contributors. Specifically, VHM led the way with a 2.34% increase to VND37,200, VRE increased by 3.15% to VND18,000. Two food group pillars, MSN and SAB, were also on the list. Specifically, MSN increased by 2.27% to VND76,500 and SAB increased by 2.58% to VND55,700.
The trading volume for the entire session today reached over 507 million shares, down 32 million units compared to the previous session. The trading value accordingly reached 13,005 billion VND, down slightly compared to yesterday's session. This is the session with the lowest liquidity since the beginning of August and the 7th consecutive session below 20,000 billion VND.
The large-cap basket contributed to liquidity of VND6,877 billion, equivalent to more than 193 million shares successfully transferred. Of which, MSN ranked first in terms of transaction value with more than VND785 billion (equivalent to 10.2 million shares). Next in line were MWG with more than VND417 billion (equivalent to 6.3 million shares), VNM with more than VND402 billion (equivalent to 5.4 million shares) and VHM with more than VND373 billion (equivalent to 10.1 million shares).
A positive signal in today's session is that foreign investors continued to net buy, thereby extending the chain of buying for the 4th consecutive session. Specifically, foreign investors disbursed about VND2,199 billion to buy 55.8 million shares while selling 47.9 million shares with a value of VND1,535 billion. The net buying value accordingly reached approximately VND664 billion.
Foreign investors' cash flow focused on net absorption of KDC with more than VND461 billion, MSN absorbed more than VND218 billion and HDB nearly VND198 billion. On the contrary, HPG was under strong selling pressure from foreign investors with a net value of VND94 billion, followed by VHM with VND46.3 billion and FRT with VND44.5 billion.
Source: https://baodautu.vn/vn-index-cat-chuoi-tang-diem-bat-chap-khoi-ngoai-tiep-tuc-gom-hang-d222403.html
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