VN-Index drops nearly 8 points, foreign investors continue to net sell

Foreign investors continued to sell strongly in the market, along with pressure from the psychological threshold of 1,300 points, affecting the sentiment of domestic investors. A series of large stocks fell in price, causing the VN-Index to close in the red.

VN-Index ends 7-session increase streak

After 7 consecutive sessions of increase, VN-Index has approached the old peak, causing many experts to believe that a shake-up is likely to occur. Entering the trading session on July 10, investor sentiment remained relatively positive and helped pull the indices above the reference level. VN-Index at times approached the 1,300-point threshold, but at this strong resistance zone, selling pressure reappeared, especially selling pressure from foreign investors, pushing the indices back.

The market performance became more negative as selling pressure increased in many stock sectors in the afternoon session. The indices including VN-Index, VN30-Index, HNX-Index… all traded in red throughout the afternoon session.

The stocks in focus today are still familiar names such as FPT or MWG. Both of these stocks continue to be the focus of foreign net selling. Faced with such a strong net selling from foreign investors, domestic cash flow seems to be unable to cope. At the end of the session, FPT fell 2.55% and MWG fell 2.4%. FPT took 1.24 points off the VN-Index while MWG took 0.57 points off. In addition, stocks including GVR, BID, LPB and CTG also put great pressure on the VN-Index. GVR fell 2.63% and took 0.97 points off.

In the group of small and medium-cap stocks, red also dominated, the securities group after yesterday's positive trading session all had adjustments. VDS decreased by 1.9%, BSI decreased by 1.7%, VCI decreased by 1.7%, FTS decreased by 1.6%...

In the retail group, besides MWG, codes such as DGW, PET or FRT were also in red. DGW fell sharply by 2%, PET fell by 1.55% and FRT fell by 1.32%. The industrial park group also could not maintain its positivity and recorded many codes falling deeply. ITA fell by 4.7%, GVR fell by 2.6%, BCM fell by 1.2%...

On the other hand, some stocks in the steel, real estate or electricity groups had relatively positive developments. In the steel group, VGS increased by 9.2%. At one point in the session, VGS hit the ceiling price of VND43,100/share. Similarly, TVN increased by 5.3%. HSG had a strong increase during the session, but due to the bad performance of the general market, this stock only increased by 0.4%. Meanwhile, NKG and HPG even closed in red despite quite positive fluctuations during the session.

In the real estate group, NTL hit the ceiling price of VND26,650/share. HDG also increased by 4.59% to VND31,900/share. The real estate group was very divergent, with stocks such as NLG, NVL, DRH... all in red.

The stocks that had the most positive impact on the VN-Index today were PLX, VCB, MBB, MSN... Of which, VCB increased by 0.57% and contributed 0.68 points. REE increased by 2.45% and contributed 0.19 points.

FPT, GVR, BID pull back VN-Index

At the end of the trading session, VN-Index decreased by 7.77 points (-0.6%) to 1,285.94 points. The entire floor had 151 stocks increasing, 299 stocks decreasing and 65 stocks remaining unchanged. HNX-Index decreased by 1.12 points (-0.46%) to 244.54 points. The entire floor had 61 stocks increasing, 93 stocks decreasing and 76 stocks remaining unchanged. UPCoM-Index decreased by 0.55 points (-0.55%) to 98.7 points.

Total trading volume on HoSE reached 751 million shares, down 9% compared to the previous session, with a trading value of VND21,825 billion. Trading value on HNX and UPCoM reached VND1,529 billion and VND1,268 billion, respectively.

HPG had the strongest matching order in the market with 31 million units. HSG and EIB matched orders with 28 million units and 21.7 million units respectively. HPG was also the stock with the highest trading value with more than 900 billion VND traded during the session.

FPT continues to be the focus of foreign net selling

Foreign investors continued to net sell up to more than 1,111 billion VND on all three exchanges. Of which, this capital flow net sold the most FPT code with 342 billion VND. VCB and MWG were net sold 160 billion VND and 159 billion VND respectively. On the other hand, MBB was net bought the most with 104 billion VND. Two shipping stocks including VTO and VIP were both in the top net buy of foreign investors and increased the trading amplitude.

Source: https://baodautu.vn/vn-index-giam-gan-8-diem-khoi-ngoai-miet-mai-ban-rong-d219713.html