VN-Index decreased more than 3 points, accumulation trend in the stock market

At the end of the trading session on October 15, the domestic stock market made a slight correction. Cash flow remained high but strongly differentiated, showing that an accumulation trend was forming as investors showed caution.

VN-Index decreased 3.11 points to 1,757.95 points. Trading volume reached more than 1.17 billion shares, equivalent to more than 37,656 billion VND. The whole floor had 120 stocks increasing in price, 200 stocks decreasing in price and 54 stocks remaining unchanged.

On the HNX floor, the HNX-Index increased by 0.79 points to 276.12 points. Trading volume reached more than 96.1 million shares, equivalent to nearly VND2,435 billion. The entire floor had 58 stocks increasing, 89 stocks decreasing and 63 stocks remaining unchanged.

UPCOM-Index decreased 0.83 points to 112.32 points. Trading volume reached over 41.1 million shares, equivalent to over 716 billion VND. The entire floor had 87 stocks increasing, 145 stocks decreasing and 87 stocks remaining unchanged.

In the VN30 basket, there were 15 stocks that decreased, 12 stocks that increased and 3 stocks that remained unchanged. If it weren't for VJC hitting the ceiling, VPB increasing by 3.69%, TPB increasing by 2.6% andVIB increasing by 1.25%, the market could have fallen deeper.

On the contrary,FPT codes decreased by 3.03%, VHM decreased by 2.36%, VIC decreased by 1.13%, VRE decreased by 1.99%, GAS decreased by 1.67%, GVR decreased by 1.44% and DGC decreased by 1.25%, causing a negative impact on the general index.

VN-Index opened the afternoon session quite positively when buying pressure returned, helping the index recover to the reference level. However, selling pressure increased sharply at the end of the session, causing the index to reverse and close in the red.

Contrary to the developments on HOSE, HNX-Index maintained a positive status thanks to strong increases in stocks such as CEO (up 4.28%), HUT (up 2.41%), NVB (up 1.37%) and PGS (up 9.26%).

Red covered most of the industry groups; in which, information technology was the group with the sharpest decrease, mainly due to FPT (down 3.03%), CMG (down 1.55%), ELC (down 0.47%) and DLG (down 2.97%). Next were communication services and raw materials.

On the other hand, the industrial sector was a bright spot thanks to VJC (up 6.95%), GEE (up 6.97%), GEX (up 6.97%) and GMD (up 1.32%). In addition, the financial sector also maintained positive momentum thanks to VPB (up 3.69%),SHB (up 1.11%), SSI (up 1.1%) and HDB (up 1.38%).

Foreign transactions continued to be negative with a net sale of more than VND844 billion on HOSE, focusing on codes FPT (VND419.67 billion), KDH (VND262.43 billion), HDB (VND169.89 billion) and VIC (VND79.96 billion).

On HNX, foreign investors also net sold more than 68 billion VND, mainly at IDC (43.95 billion VND), SHS (21.86 billion VND), PVS (15.38 billion VND) and MBS (13.16 billion VND).

Overall, the market on October 15 was under pressure to correct. Although cash flow remained high, profit-taking pressure and net selling by foreign investors caused the VN-Index to close in the red.

The differentiation between industry groups shows that the market trend is in the accumulation phase, waiting for clearer support signals in the coming sessions./.

According to Vietnam+

Source: https://baohaiphong.vn/vn-index-giam-hon-3-diem-xu-huong-tich-luy-tren-thi-truong-chung-khoan-523656.html