VN-Index continues to increase despite foreign net selling of more than 1,500 billion VND

Despite fierce selling pressure from foreign investors, VN-Index still maintained its green color and extended its increasing streak for the second consecutive session, approaching 1,280 points.

Yesterday's slight increase (June 18) helped investors gain more confidence in the correction series before the 1,300-point price zone. VN-Index opened today's trading session (June 19) in green as cash flow spread across many groups of stocks. However, this state did not last long because selling pressure at high prices immediately appeared and caused the index representing the Ho Chi Minh City Stock Exchange to reverse below the reference price.

Cash flow returned strongly in the last 30 minutes of the session, helping the VN-Index reverse from a decrease to an increase. The index closed today at 1,279.79 points, up less than 0.3 points from the reference, but enough to help the market maintain green for the second consecutive session.

The market fell into a state of “green on the outside, red on the inside” when the VN-Index went up, but the number of stocks that decreased dominated. Specifically, today, the Ho Chi Minh City Stock Exchange had 246 stocks closing below the reference, while the number of stocks that increased was only 184. In contrast, the breadth of the VN30 basket was balanced when the number of stocks that decreased and stocks that increased were both 14 stocks.

HVN was the stock that had the most positive impact on the VN-Index when it increased by 6.92% to the ceiling price of VND34,750. FPT was next on the list when it increased by 2.73% to VND131,500, VPB increased by 2.15% to VND19,000. The remaining stocks on the list that contributed a lot to the VN-Index were scattered across many industry groups such as retail, oil and gas, and banking.

Meanwhile, many stocks in the VN30 basket were under intense selling pressure. Specifically, VCB topped the list of stocks with the most negative impact on the market when it fell 0.57% to VND86,600, followed by VIC down 1.43% to VND41,500 and BID down 0.86% to VND46,100. Other stocks on this list were SAB, TCB, GVR, VHM, VNM, VRE and MSN.

Market liquidity today reached VND25,971 billion, an increase of more than VND3,460 billion compared to the previous session. Successful trading volume reached more than 1 billion shares, an increase of about 200 million shares compared to the previous session. The VN30 basket alone recorded a matched volume of more than 339 million shares, equivalent to a trading value of VND11,107 billion.

FPT ranked first in terms of trading value in today's session with nearly VND1,250 billion (equivalent to 9.7 million shares). VPB ranked second with a matched order value of VND966 billion, equivalent to 51.4 million shares. The following positions in the liquidity ranking have a significant difference compared to the leading positions, specifically GEX recorded a trading value of about VND585 billion (equivalent to 24.3 million shares), HPG VND563 billion (equivalent to 19.2 million shares) and MSN approximately VND503 billion (equivalent to 6.7 million shares).

Foreign investors continued to extend their net selling streak to the 10th session and the selling pressure showed signs of suddenly increasing. Specifically, in today's session, this group sold more than 88 million shares, equivalent to a transaction value of more than VND 2,955 billion, while only disbursing nearly half of that amount, VND 1,444 billion, to buy more than 41.5 million shares. The net selling value accordingly reached approximately VND 1,512 billion, the highest in the past week.

Foreign investors continued to sell FPT with a net value of about VND222 billion despite the fact that the stock price continuously hit new highs. Next on the list of stocks that were sold off fiercely were VNM with over VND170 billion, VPB with over VND129 billion and VHM with over VND97 billion.

On the contrary, foreign investors actively disbursed into HAH when the net purchase value reached 70 billion VND, followed by MWG with more than 61 billion VND, VTP with more than 54 billion VND and MCH with more than 47 billion VND.

Source: https://baodautu.vn/vn-index-noi-nhip-tang-bat-chap-khoi-ngoai-ban-rong-hon-1500-ty-dong-d218034.html