VN-Index lost nearly 23 points, foreign investors have not stopped net selling

At the end of today's trading session (November 3), VN-Index decreased 22.65 points (1.38%) to 1,617 points, VN30-Index decreased 27.72 points (1.47%) to 1,857.64 points.

HNX-Index lost 6.67 points (2.51%) to 259.18 points. In contrast to the above indices, UPCoM-Index increased 1.17 points (1.03%) to 114.63 points.

The volatility of banking stocks was the reason for the market shake in today's session. Specifically, TCB fell 4.27%, STB fell 5.77%, VPB fell 3.83%, HDB fell 4.53%, MBB fell 2.12%,SHB fell 3.04%. This group caused the VN-Index to lose about 12 points.

Meanwhile, the group of stocks that are often sensitive to market movements also fell sharply such as: VIX, SSI, VND. In addition, stocks such as HPG, MSN, MWG, VRE, KDH, DXG traded less actively, increasing pressure on the index.

The bright spots in today's trading session are stocks VIC,FPT , BVH, KDC, GMD, BMP.

Total market liquidity reached nearly VND30,100 billion, of which HoSE accounted for more than VND29,480 billion. On HoSE, red dominated with 240 stocks decreasing and 88 stocks increasing.

In today's trading session, foreign investors net sold more than 160 billion VND, this is the 4th consecutive session that foreign investors net sold. The codes with large net sales include VIX, MBB, STB, VRE.

Some securities companies predict that VN-Index is likely to test below the 1,620 point zone in the coming time.

Tien Phong Securities (TPS) believes that the 1,600 - 1,620 point range has repeatedly recorded strong bottom-fishing cash flows since August, showing that the current valuation level is being accepted by most investors. This price range can therefore become an important buffer, reinforcing the medium- and long-term uptrend of the market in the coming period.

According to Phu Hung Securities (PHS), the index has now cooled down to the lower marginal support zone in the 1,620 - 1,690 range. Low liquidity implies that the selling supply is not too negative, so bottom-fishing demand can continue to support here. In a cautious scenario, if the 1,600 point mark is broken, the index is likely to cool down to the 1,540 - 1,550 point range.

Yuanta Vietnam Securities (YSVN) assesses that the short-term trend of the general market remains bearish. Therefore, investors can continue to hold a low proportion of stocks at 20-40% of the portfolio and can still consider buying new stocks at a low proportion.

HOANG DUNG

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