VN-Index edged lower after two consecutive days of gains.

The VN-Index edged lower on November 7th, falling below the 1,260-point mark due to selling pressure on several key stock groups such as banking, fertilizers, and securities.

The VN-Index edged lower on November 7th, falling below the 1,260-point mark due to selling pressure on several key stock groups such as banking, fertilizers, and securities.

Following a strong surge driven by capital inflows into industrial real estate, many experts suggest that investors should consider taking profits as the market may soon face correction pressure as many stocks fluctuate at their peaks.

The trading session on November 7th also proved this point, as the index rose at the beginning of the session but closed in the red. Specifically, the VN-Index at one point increased by more than 6 points compared to the reference level after the opening, surpassing 1,267 points. However, a surge in selling pressure in the final minutes caused the index representing the Ho Chi Minh City stock exchange to reverse and fall below the reference level, losing nearly 2 points by the close, down to 1,259.75 points.

Market breadth was skewed towards the downside, with 193 stocks closing in the red, while only 165 stocks advanced. The VN30 index was in a similar state, with 20 stocks declining, four times the number of stocks advancing.

Most bank stocks closed in negative territory. BID was the biggest drag on the VN-Index, falling 0.94% to 47,600 VND. Following closely behind were CTG (down 0.84% ​​to 35,600 VND), VPB (down 0.76% to 19,700 VND), EIB (down 1.29% to 19,200 VND), HDB (down 0.57% to 26,250 VND), and TPB (down 0.88% to 16,800 VND).

Following yesterday's volatile trading session, industrial real estate stocks showed signs of cooling down, with most reversing to below their reference prices. Specifically, VGC fell 1.1% to 42,350 VND, while KBC dropped 0.2% to 28,800 VND.

The fertilizer sector faced intense selling pressure, with DCM falling 1.2% to VND 36,750, DPM down 0.7% to VND 33,700, and BFC down 0.5% to VND 37,350.

Similarly, the securities sector also exerted significant pressure on the index, with key stocks such as VDS falling 1.2% to 19,900 VND, BSI falling 1% to 47,900 VND, VCI falling 0.9% to 34,650 VND, and AGR falling 0.8% to 18,200 VND.

Conversely, VCB bucked the trend, rising 0.32% to 93,200 VND and becoming the market's pillar today. Notably, VTP was the only stock to hit its ceiling price among those with the most impact on the VN-Index, reaching a historical high of 102,100 VND and closing the session with no sellers.

The real estate sector played a significant role in preventing the VN-Index from experiencing a sharp decline, with most stocks closing in positive territory. Specifically, DXS surged to its maximum limit of 6,220 VND and closed the session with no sell orders. Following closely behind, NVL rose 3.8% to 10,800 VND, HPX increased 2.9% to 5,050 VND, and NBB gained 2.5% to 25,000 VND.

The HoSE exchange recorded over 499 million shares successfully traded, a decrease of 68 million units compared to yesterday's session. The trading value reached VND 12,481 billion, down VND 1,705 billion from the previous session and extending the 25th consecutive session with trading value below VND 20,000 billion. Large-cap stocks contributed approximately VND 5,339 billion to liquidity, corresponding to nearly 158 million shares successfully matched.

VHM led in liquidity with a value of over 664 billion VND (equivalent to 16 million shares). This figure far surpassed the next-ranked stocks,FPT with approximately 485 billion VND (equivalent to 3.6 million shares) and HPG with over 433 billion VND (equivalent to 16 million shares).

Foreign investors continued to be net sellers in today's session. Specifically, they sold nearly 57 million shares, equivalent to a transaction value of VND 1,884 billion , while only disbursing VND 1,493 billion to buy approximately 49 million shares. The net selling value was therefore nearly VND 391 billion.

Foreign investors heavily sold off VHM shares with a net selling value of nearly 104 billion VND, followed by MSN with nearly 86 billion VND and CMG with over 67 billion VND. Conversely, foreign investors heavily accumulated MWG shares with a net selling value of 48 billion VND. STB ranked next with a net inflow of approximately 43 billion VND, followed by TCB with 41 billion VND.

Source: https://baodautu.vn/vn-index-giam-nhe-after-2-consecutive-increases-d229468.html