The VN-Index chart started on October 25th with green, 4 points higher than the reference. However, thin cash flow caused the index to increase slightly, and the market did not record any leading stocks. As the lunch break approached, the index fluctuated with a tendency to fall below the reference.
The above fluctuations lasted until early afternoon, the selling pressure gradually spread. After 14 hours, the index fell further, at times falling close to 1,250 points - an important support level in the short-term sideways period (stock prices move sideways within a stable range, without forming a trend) and the recent price increase.
Slightly improved after the ATC order, VN-Index closed at 1,252.7 points, down nearly 4.7 points compared to yesterday. This is the lowest price range in more than a month.
In this second adjustment session, the entire HoSE floor had 207 stocks in red, more than 136 stocks in green.
Overall, the stocks did not fall too far. The index was negatively affected by the bluechip group, led by BID, GVR, VIC, MSN, CTG. The group with the strongest decline in the industry index was also not among the top groups attracting large cash flows such as chemicals, communications, oil and gas, food and beverage.
The bright spot is that liquidity decreased along with the VN-Index. The total transaction value on the HoSE floor reached nearly VND13,800 billion, VND2,200 billion lower than yesterday. This partly shows that the pressure has decreased. Currently, investors still want to hold stocks, and have not found a reason to sell at low prices.
In the previous sharp decline, securities companies advised investors not to panic and avoid chasing sales. Instead, investors should maintain the proportion of their portfolios in stocks that maintain the trend.
Foreign investors continued to net sell more than 410 billion VND, with MSN being the focus. Masan's stock code is about to record a large internal transaction, when Ms. Nguyen Yen Linh, daughter of Chairman of the Board of Directors Nguyen Dang Quang, registered to buy 10 million shares.
The correction trend also continued on the HNX and UPCoM exchanges. However, the decline was shortened, the number of stocks falling and increasing in price was not too different.
VN (according to VnExpress)Source: https://baohaiduong.vn/chung-khoan-giam-gan-4-7-diem-396493.html
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