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VN-Index corrects deeply below 1,240 points, foreign investors increase buying

Công LuậnCông Luận16/09/2024


Closing the market, VN-Index stopped at 1,239.26 points, down 12.45 points (-0.99%); VN30-Index decreased 12.93 points (-1%), to 1,281.37 points. Selling pressure became stronger towards the end of the session, causing the index representing the floor to fall deeper in the afternoon session.

Earlier, in the morning session, the market initially increased but the increase was not strong, the highest was only nearly 4 points. From nearly 11:00, selling pressure began to increase, causing the VN-Index to return to the reference level and go down. At the end of the morning session, the VN-Index decreased by 4.62 points, down to 1,247.09 points.

VN Index officially under 1240 points, out of the uptrend in picture 1

Increased selling pressure caused the VN-Index to drop more than 12 points, below 1,240 points in today's trading session (September 16). Illustrative photo.

In today's trading session, red dominated the electronic trading board with 312 stocks decreasing in price, more than 3 times the number of stocks increasing in price (312 stocks and 97 stocks). Stocks decreased in price across a wide range and in most industry groups.

Of which, utilities, distribution and retail of durable goods, financial services, software, household and personal goods, real estate, vehicles and components, telecommunications, media and entertainment decreased by more than 1%. On the contrary, retail of food and necessities, consumer services, production materials, and hardware increased.

The stock with the largest market capitalization, VCB, had the strongest impact on the market decline, taking away nearly 1.4 points; followed by VHM with 1.3 points; GAS (0.94 points), VIC (nearly 0.8 points)... Meanwhile, NAB contributed the most to the VN-Index with 0.345 points; followed by GVR (nearly 0.3 points)...

Today's session saw increased liquidity compared to last weekend's session, reaching nearly VND13,500 billion. Increased liquidity amid a sharp market decline shows that selling pressure is quite large. The positive point is that foreign investors were net buyers. This group bought more than VND1,272 billion and sold more than VND1,053 billion.

On the Hanoi Stock Exchange, at the end of the session, the HNX-Index stopped at 230.84 points, down 1.58 points (-0.68%); the HNX30-Index fell 6.07 points (-1.2%), to 498.07 points. The entire exchange had nearly 900 billion VND changed hands.

With the above developments, it can be seen that the stock market had an unfavorable trading session at the beginning of the week. After unsuccessful efforts to conquer the 1,255 - 1,260 zone, the VN-Index turned around and corrected deeply below the 1,240 point threshold. Foreign trading was a plus point when it unexpectedly reversed to net buy with a value of more than 200 billion VND in the whole market.

An Ha



Source: https://www.congluan.vn/vn-index-chinh-sau-duoi-1240-diem-khoi-ngoai-tang-mua-post312620.html

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