ATC "collapses" again, money flows in to catch the bottom
“ATC crash” is a phenomenon that has appeared for a long time in the Vietnamese stock market. In recent days, investors have witnessed the return of “ATC crash”.
In the stock market session on October 17, VN-Index was optimistic throughout the trading session. However, right before the ATC session, the index suddenly plummeted, causing investors to panic.
By the October 18 session, investors were no longer trapped in the “ATC trap”. VN-Index fell from the beginning of the session. For most of the day, the electronic trading board was in red. However, the decline was not significant. VN-Index was almost flat. Therefore, investors were not too pessimistic about the market.
Stock market on October 18 witnessed VN-Index "collapse" ATC. However, unlike yesterday, money suddenly poured into the market to catch the bottom. Illustrative photo
However, the “ATC collapse” situation once again caused investors a headache. Not long before VN-Index entered the ATC trading session, VN-Index suddenly “plummeted” and decreased very deeply.
At the close of the stock market session on October 18, the VN-Index fell 18.25 points, or 1.63%, to 1,103.4 points; the VN30-Index fell 15.47 points, or 1.36%, to 1,125.56 points. Like yesterday, the sell-off was mainly concentrated in small- and mid-cap stocks.
On the entire Ho Chi Minh City Stock Exchange, only 53 stocks increased in price, 32 stocks remained unchanged, and 465 stocks decreased in price. The VN30 group recorded 2 stocks increased in price, 3 stocks remained unchanged, and 25 stocks decreased in price. The 2 rare blue-chips that closed the stock market session on October 18 in green were SSI and VJC.
Among the blue-chips, the retail industry group had the sharpest decline in the stock market session on October 18. MSN decreased by VND2,700/share, equivalent to 3.8% to VND68,300/share, MWG decreased by VND1,600/share, equivalent to 3.46% to VND44,700/share, PLX decreased by VND1,000/share, equivalent to 2.78% to VND35,000/share,...
One of the highlights of the stock market on October 18 is the appearance of bottom-fishing demand. TP floor
HCM had more than 1 billion shares, equivalent to 21,855 billion VND successfully traded, a sharp increase compared to yesterday's figure of more than 13,000 billion VND.
In recent trading sessions, liquidity on the Ho Chi Minh City Stock Exchange has always been low, at the "bottom" of 2023.
On the Hanoi Stock Exchange, the indices decreased at a slower pace. At the close of the stock market session on October 18, the HNX-Index decreased by 2.92 points, or 1.27%, to 227.11 points; the HNX30-Index decreased by 2.47 points, or 0.52%, to 475.82 points.
Construction and real estate stocks race to hit the floor
In the stock market session on October 18, the Ho Chi Minh City Stock Exchange had 465 stocks decreasing in price, of which 32 stocks hit the floor. Notably, in the list of stocks closing the session with a peaceful green color, many stocks belonged to the construction and real estate industries.
Specifically, at the close of the stock market session on October 18, BCG decreased by 590 VND/share to 7,910 VND/share, CII decreased by 1,100 VND/share to 15,050 VND/share, DIG decreased by 1,500 VND/share to 20,350 VND/share, DLG decreased by 150 VND/share to 2,090 VND/share, DXS decreased by 470 VND/share to 6,330 VND/share,...
Currently, one of the stocks that is not in the real estate industry but owns a large land fund in Hanoi is receiving great attention from stock investors. That is SRC of Sao Vang Rubber Joint Stock Company.
In just the last half month, SRC has increased very strongly, increasing 60% to a record high. However, in the last 2 sessions, SRC has started to hit the floor. Closing the session on October 18, SRC stopped at 25,300 VND/share.
On the other hand, the October 18 stock market session had a rare bright spot. That was the CCI stock of Cu Chi Industrial and Commercial Development Investment Joint Stock Company. In the 2 "ATC collapse" sessions, CCI still successfully reversed the trend when maintaining the purple color. Closing the October 18 stock market session, CCI increased by 1,450 VND/share to 22,550 VND/share.
However, CCI does not represent any industry group because the trading volume of this code is very low, only from a few hundred to a few thousand shares.
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