VN-Index fell for the fourth consecutive session, dropping below the 1,245-point mark.

The VN-Index fell 5.5 points on November 12, extending its losing streak to four consecutive sessions due to widespread selling pressure across many stock groups.

After three consecutive days of decline, the stock market is expected to reach equilibrium as active buying pressure counteracts it. However, with a large supply potentially remaining at resistance levels, many experts predict a strong rebound is unlikely.

In reality, the opposite happened: the VN-Index opened in positive territory, but the increase was not significant and remained so throughout the morning session.

Before the midday break, increased selling pressure coupled with weak demand caused many stock groups, such as banking, steel, oil and gas, and real estate, to begin to plummet. The Ho Chi Minh City Stock Exchange index closed today at 1,244.82 points, down 5.5 points from the reference point and extending its losing streak to four consecutive sessions.

Market breadth leaned toward the downside, with 236 stocks falling and only 120 stocks rising. The large-cap basket showed a similar pattern, with four times as many stocks closing below the reference price as those rising – 20 and 5 respectively.

MWG became the main factor dragging down the market's upward momentum, falling 3.49% to 60,800 VND. Next, CTG of the banking group decreased 1.29% to 34,500 VND, subtracting 0.58 points from the VN-Index. BID and TCB also contributed to the list of stocks negatively impacting the market, falling 0.43% to 46,300 VND and 0.65% to 23,050 VND respectively.

Steel stocks traded sluggishly today, with NKG falling 1.6% to 21,250 VND, while HPG and HSG both declined 0.7% to 27,500 VND and 20,150 VND respectively.

The oil and gas sector faced intense selling pressure as PSH fell to its lower limit of 3,750 VND, PVD dropped 4.5% to 24,200 VND, and PVC fell 1.7% to 11,500 VND.

Conversely, SAB rose 2.35% to 56,600 VND, becoming the market's main support for today's session. VTP and HAG followed, both hitting their upper limit at 113,400 VND and 11,200 VND respectively. HNG also contributed positively to the overall index, accumulating 2.08% to 4,900 VND.

Market liquidity today reached VND 14,222 billion, a decrease of VND 5,395 billion compared to the previous session. This value came from approximately 601 million shares changing hands, a decrease of 96 million shares compared to yesterday's session.

VHM and HPG shared the top two positions in terms of trading value, both reaching 661 billion VND. Following them were MWG with over 655 billion VND (corresponding to 10.6 million shares) and STB with over 489 billion VND (corresponding to 14.6 million shares).

Foreign investors extended their net selling streak to 14 consecutive sessions. Today, they sold 48.9 million shares, equivalent to a transaction value of approximately VND 1,602 billion, while only disbursing VND 995 billion to buy nearly 29 million shares. The net selling value was therefore approximately VND 607 billion.

Foreign investors aggressively sold off TCB shares, with a net selling value of over 103 billion VND. Following closely behind were PVD (over 65 billion VND), and MSN and VHM (nearly 63 billion VND each).

Conversely, foreign investors actively disbursed funds into STB, with net purchases totaling approximately 58 billion VND, followed by SAB with nearly 27 billion VND, HPG with 23 billion VND, and BAF with around 13 billion VND.

Source: https://baodautu.vn/vn-index-giam-phien-thu-tu-lien-tiep-mat-moc-1245-diem-d229847.html