VN-Index loses nearly 23 points, foreign investors continue net selling.

Large-cap stocks fell sharply across the board, dragging the VN-Index down to 1,617 points in the first trading session of the week on November 3rd.

At the close of trading today (November 3), the VN-Index fell 22.65 points (1.38%) to 1,617 points, and the VN30-Index fell 27.72 points (1.47%) to 1,857.64 points.

The HNX-Index fell 6.67 points (2.51%) to 259.18 points. In contrast, the UPCoM-Index rose 1.17 points (1.03%) to 114.63 points.

The volatile banking sector stocks were the main reason for today's market fluctuations. Specifically, TCB fell 4.27%, STB fell 5.77%, VPB fell 3.83%, HDB fell 4.53%, MBB fell 2.12%, andSHB fell 3.04%. This group caused the VN-Index to lose approximately 12 points.

Meanwhile, stocks in the securities sector, which are usually sensitive to market fluctuations, also fell sharply, such as VIX, SSI, and VND. In addition, stocks like HPG, MSN, MWG, VRE, KDH, and DXG traded poorly, further increasing pressure on the index.

The highlights of today's trading session were stocks like VIC,FPT , BVH, KDC, GMD, and BMP.

Total market liquidity reached nearly 30,100 billion VND, of which HoSE accounted for over 29,480 billion VND. On the HoSE exchange, red dominated with 240 declining stocks and 88 rising stocks.

In today's trading session, foreign investors sold a net of over 160 billion VND, marking the fourth consecutive session of net selling by foreign investors. Stocks experiencing significant net selling included VIX, MBB, STB, and VRE.

The VN-Index "plunged" nearly 23 points in today's trading session. (Illustrative image).

Some securities companies predict that the VN-Index is likely to test below the 1,620 point level in the near future.

TPS Securities believes that the 1,600-1,620 point range has repeatedly seen strong buying at the bottom since August, indicating that the current valuation level is accepted by most investors. Therefore, this price range could become an important buffer, consolidating the market's medium- to long-term upward trend in the coming period.

According to Phu Hung Securities (PHS), the index has cooled down to the lower boundary support area within the 1,620 - 1,690 range. Low liquidity implies that selling pressure is not yet too negative, so bottom-buying demand may continue to support the index at this level. In a cautious scenario, if the 1,600 point mark is broken, the index could cool down to the 1,540 - 1,550 point range.

Yuanta Securities Vietnam (YSVN) assesses that the short-term trend of the overall market remains downward. Therefore, investors can continue to hold a low proportion of stocks (20-40%) in their portfolio and may still consider making new purchases at a low rate.

HOANG DUNG

Source: https://vtcnews.vn/vn-index-mat-gan-23-diem-khoi-ngoai-chua-ngung-ban-rong-ar984869.html