Failed to conquer, VN-Index reversed after reaching 1,300 points

Failed to conquer, VN-Index reversed after reaching 1,300 points

The highlight of the trading session on September 27 was that foreign investors continued to net buy, extending the streak of 3 consecutive sessions of disbursement into the market.

Previously, the VN-Index closed the session on September 26 at 1,291.49 points, up 0.31%, trading volume decreased slightly by 1.57% and equal to 130% of the average. Thus, the index continues to aim for the 1,300 point mark in the last days of the third quarter of 2024 - the time when many investment funds will close their net asset value.

Entering the trading session on September 27, investor sentiment remained relatively excited, especially in the banking group, and this helped continue to push the indices up.

At one point, the VN-Index reached 1,300 points, but the next day, selling pressure was triggered, causing the indices to significantly narrow their gains. The fluctuations became stronger in the afternoon session, and the main index, the VN-Index, closed in the red.

The focus of attention in today's session was on the group of banking stocks as cash flow continued to flow strongly. TPB, SHB and VPB were the three banking stocks that attracted the most attention in the morning session when they all increased sharply in price. At one point, SHB increased by nearly 4.7%, TPB after yesterday's breakout session also increased by 3.3%. As for VPB, this stock was traded actively and at one point increased by 2.8%. However, the pressure to take profits was too strong, causing these stocks to narrow their growth momentum. At the end of the session, VPB increased by 0.77%, TPB increased by 1.5% and SHB increased by 2.33%.

Meanwhile, STB was the most notable banking stock in the afternoon session when it received strong demand at the end of the session. At the end of the trading session, STB increased by 2.6% and matched orders of more than 22 million units.

CTG was the stock with the most positive impact on the VN-Index, contributing 0.78 points. At the end of the session, CTG increased by 1.65% and matched 15.6 million units. The 7 stocks with the most positive impact on the VN-Index today were all in the banking group. Some stocks in the securities and real estate groups also fluctuated relatively positively, of which, MBS increased by 1.6%, DXG increased by 1.5%, AGR increased by 1%...

On the other hand, many large stocks decreased in price and put strong pressure on the general market. VHM decreased by 2.25% and took away 1.06 points from the VN-Index. GVR decreased by 1.1% and also took away 0.39 points from the index. Codes such as GAS, MWG, PLX, BCM… also had negative fluctuations in today's session.

In the mid- and small-cap group, HDG unexpectedly fell by 2.25% despite having increased by nearly 2.3% during the session. A series of codes such as PVD, DBC, DCM… were all in red.

At the end of the trading session, VN-Index decreased by 0.57 points (-0.04%) to 290.92 points. The entire floor had 148 stocks increasing, 228 stocks decreasing and 95 stocks remaining unchanged. HNX-Index decreased by 0.21 points (-0.09%) to 235.71 points. The entire floor had 63 stocks increasing, 92 stocks decreasing and 65 stocks remaining unchanged. UPCoM-Index increased by 0.4 points (0.43%) to 93.9 points.

Total trading volume on HoSE reached 951 million shares, worth VND21,562 billion, equivalent to yesterday's level, of which the negotiated transaction value accounted for VND2,266 billion. The transaction value on HNX and UPCoM was VND1,736 billion and VND740 billion, respectively.

VPB topped the market in terms of trading value with VND1,247 billion. TPB followed with VND1,017 billion. Similarly, in terms of trading value, VPBank and TPBank shares continued to lead and reached the liquidity milestone of thousands of billions of VND.

Top stocks bought and sold most by foreign investors.

Foreign investors continued their net buying streak. In 8/10 recent sessions, foreign investors dominated the buying power. Net buying value in the session reached VND228 billion, lower than yesterday's session.

FPT leads In which, FPT is the stock that foreign investors are most interested in buying with a net purchase value of over 100 billion VND. Many large-cap stocks are also focused on buying such as TPB (95 billion VND), VNM (79 billion VND), SSI (61 billion VND), CTG (43 billion VND)... On the contrary, the selling force is mainly in 3 stocks including VPB (161 billion VND), HPG (73 billion VND), MWG (67 billion VND). VPB is the stock that foreign investors are most strongly net selling but still maintains its green color.

Source: https://baodautu.vn/chinh-phuc-bat-thanh-vn-index-dao-chieu-sau-khi-cham-moc-1300-diem-d226042.html