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VN-Index falls nearly 6 points, FPT continues to face pressure from net selling by foreign investors.

After two stagnant sessions, foreign investors intensified their net selling of FPT shares to 309 billion VND. This is also the main reason why the stock continued to plummet.

Báo Đầu tưBáo Đầu tư29/12/2024

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FPT shares continue to face pressure from net selling by foreign investors.

Following a positive trading session with a significant recovery in liquidity, the stock market entered the March 26th session in a state of fluctuation with clear divergence among different stock groups. Although there was some initial enthusiasm thanks to the pull from a few leading stocks, profit-taking pressure gradually emerged, causing the index to weaken towards the end of the session. Liquidity fell to its lowest level in weeks, reflecting the cautious sentiment of investors. Initial buying pressure helped the index start positively; however, the gradual weakening of leading groups prevented the upward momentum from lasting long. The reluctance to chase high prices and profit-taking pressure before a clear breakout signal meant that intraday recoveries were not strong enough to sustain a positive trend.

In the afternoon session, trading remained volatile, with red dominating. The VN-Index briefly recovered above the reference level. However, a surge in selling pressure across several sectors quickly reversed course and fell back below the reference level. Foreign investors continued their net selling activity, focusing on several large-cap stocks, further putting pressure on the index.

At the close of trading, the VN-Index fell 5.83 points (-0.44%) to 1,326.09 points. The HNX-Index fell 3.23 points (-1.32%) to 241.33 points. The UPCoM-Index fell 0.32 points (-0.32%) to 98.85 points.

Across the entire market, 326 stocks rose, while 396 fell and 862 remained unchanged/did not trade. However, if we consider only the HoSE exchange, the number of declining stocks significantly outnumbered rising stocks, with 286 declining and 176 rising.

FPT shares, along with a series of bank stocks, were the main reason for the VN-Index's decline.

In the VN30 group today, 19 stocks declined while only 7 increased. Bank stocks such as VCB, CTG, LPB, MBB, VPB... also fell, negatively impacting investor sentiment. Besides the banking sector, securities stocks also had a negative trading session. BVS fell 1.7%, SHS fell 1.67%, FTS fell 2.56%, BSI fell 2.45%... Top securities stocks including SSI, HCM, and VCI all fell by more than 1%.

Along with the decline in the financial sector, FPT was a key factor putting significant pressure on the overall market. FPT fell by 2.8% to 123,000 VND/share, deducting 1.23 points from the VN-Index. After two stagnant sessions, foreign investors intensified net selling of FPT shares to 309 billion VND, which was also the main reason for the stock's continued decline.

Conversely, HPG surged 1.3% and was a key factor in curbing the decline of the VN-Index. Recently, Hoa Phat Group announced its documents for the 2025 Annual General Meeting of Shareholders. In 2025, Hoa Phat plans to achieve revenue of VND 170,000 billion, an increase of approximately 21% compared to the actual revenue in 2024. If the plan is completed, this will be Hoa Phat's highest revenue ever. The plan is for after-tax profit to reach VND 15,000 billion, an increase of nearly 25% compared to the actual revenue in 2024. The expected dividend rate for 2025 is 20%. The Board of Directors plans to propose to shareholders the approval of the dividend payment plan for 2024 with a payout ratio of 20% (5% in cash and 15% in shares). In addition, stocks such as TCB, GAS, BSR... also traded relatively positively and provided support for the VN-Index.

Foreign investors have been net sellers for 7 consecutive sessions.

Market liquidity decreased somewhat compared to the previous session. The total trading volume on HoSE reached nearly 835 million shares, equivalent to a trading value of VND 18,789 billion, a decrease of 16% compared to the previous session, of which matched order transactions decreased by 5% to VND 16,585 billion. The trading value on HNX and UPCoM reached VND 1,262 billion and VND 468 billion respectively.

HPG was the most actively traded stock on the market today with a value of VND 1,213 billion. FPT came in second with a value of VND 1,209 billion.

Foreign investors continued to net sell 535 billion VND across the market. Besides FPT, foreign investors continued to heavily sell TPB shares with 128 billion VND. DBC also saw net selling of 58 billion VND. Conversely, VRE was the most heavily net bought stock with 162 billion VND. STB and BID were net bought for 56 billion VND and 48 billion VND respectively.

Source: https://baodautu.vn/vn-index-giam-gan-6-diem-fpt-tiep-tiep-chiu-ap-luc-tu-khoi-ngoai-rut-rong-d259314.html


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