The VN-Index suddenly reversed direction, losing more than 6 points in the March 14th trading session.

The VN-Index extended its gains to the 1,275 point range in the morning session of March 14th, but suddenly reversed course in the afternoon, turning red and widening its decline before closing at 1,264.26 points.

After two strong upward sessions that conquered the 1,270-point mark and entered the 18-month peak, the VN-Index is expected by many analytical groups to continue rising and soon return to the 1,300-point mark. Some securities companies believe that investor sentiment is also becoming optimistic again as market liquidity moves in line with the index.

The trading session on the morning of March 14th further reinforced this assessment, as the VN-Index maintained its positive momentum for most of the day, at one point reaching 1,275 points. However, this trend did not last long, especially in the afternoon. The index representing the Ho Chi Minh City stock exchange suddenly reversed direction after the lunch break and continuously widened its decline. At one point, the index lost more than 9 points compared to the reference level, falling close to the 1,260 point mark.

Positive cash flow in the final minutes of the trading session helped narrow the decline. As a result, the VN-Index closed at 1,264.26 points, down 6.25 points from the reference point and ending the previous two-day winning streak.

The number of declining stocks on the Ho Chi Minh City Stock Exchange today reached 292, far exceeding the number of rising stocks at 193. Red dominated the VN30 basket, with 22 stocks falling, 4 remaining unchanged, and 4 declining. GAS, VIC, GVR, and PLX were the four large-cap stocks that bucked the market trend, while most other stocks fell by 1-2.5% compared to their reference prices.

These stocks had the strongest impact on the VN-Index during the March 14th trading session.

The banking sector faced the strongest selling pressure, with all stocks reversing from gains in the morning to losses by the close, except for SSB which remained unchanged. CTG was the stock with the sharpest decline, losing 2% to 34,450 VND.

The steel sector also saw a general decline, with all stocks closing below the reference price despite strong gains in the morning session. POM, HSG, and HPG all lost 1.5% compared to the reference price today.

Meanwhile, sector stocks, which had surged in the two mid-week trading sessions, saw strong divergence today. Several securities stocks such as BSI, AGR, HCM, VND, and SSI declined, while VIX rose 3.5% and VDS increased 1.4%. Similarly, real estate stocks also showed a mixed performance, with many stocks like QCG, AGG, NBB, NVL, PDR, and DXG closing in the red, while HDG, VIC, HDC, DIG, and HQC all rose by over 1.5%.

The VN-Index declined, but the total trading volume continued to improve today, reaching over 1.05 billion shares, the highest level since the beginning of the week. The trading value reached VND 27,962 billion, an increase of nearly VND 1,700 billion compared to yesterday's session. SSI topped the liquidity ranking with VND 1,506 billion, followed by VIX with over VND 970 billion and DIG with over VND 967 billion.

Statistics on foreign investor transactions after the March 14th trading session.

Foreign investors disbursed VND 2,293 billion today to purchase over 59.3 million shares on the Ho Chi Minh City stock exchange. However, conversely, they sold VND 3,204 billion worth of shares. This means the net selling value for today's session reached VND 911 billion. Foreign investors made the largest net purchases in SSI today, with a net value of VND 257 billion.

Source