With nearly 550 stocks falling in the last session of the week, VN-Index lost another 14 points. A series of stock and banking stocks lost 2-3% of their market value.
The stock market's continuous adjustments have caused frustration for many investors - Photo: QUANG DINH
Opening trading on November 15, the stock market continued to have negative developments when selling pressure was present. VN-Index increasingly widened its decreasing range to near the 1,220 point mark at the close of the morning session.
Foreign investors net withdraw nearly 1,500 billion VND from the stock market
Most industry groups were in the red during today's all-day trading session.
The real estate group in particular decreased slightly when some codes went against the general market with active buying dominating from the beginning of the session and were net bought by foreigners.
In which, the group of stocks that kept green color included: KBC (+2.44%), VRE (+0.55%), SZC (+2.3%), NTL (+0.28%)...
In addition, Viettel "family" stocks such as VTP (+6.99%), VGI (+1.07%)... also brought some positive green to the market.
At the end of the session, all three exchanges had nearly 550 stocks losing points, in contrast to more than 200 green stocks. The VN-Index therefore "evaporated" nearly 14 points, falling deeply to 1,218 points - the lowest level in many months.
Regarding the price trends of industry groups, sharp decreases and large impacts on the scores include credit institutions (-1.06%), financial services (-2.44%), hardware (-4.48%), energy (-2.8%), raw materials (-1.5%), vehicles and components (-1.27%)...
The most notable is still the transaction of foreign investors when this group continues to withdraw nearly 1,500 billion VND from the stock market.
The stocks that were sold the most by foreign investors include: VHM of Vinhomes (-698 billion VND), FPT (-342 billion VND), SSI (-208 billion VND), VNM of Vinamilk (-104 billion VND), VPB of VPBank (-77 billion VND), TCB of Techcombank (-48 billion VND)...
Two scenarios for the stock market in November
According to ABS Securities experts, the Vietnamese stock market continues to fail to conquer the "hard psychological barrier" of 1,300 points.
Market liquidity last month also dropped to its lowest level since March 2024, with an average trading value per session of just over VND 16,000 billion.
ABS experts predict two scenarios for the market in November.
In the first scenario, the market continues to decline with weak trading liquidity (VND 10,000 - 12,000 billion/session) to the lower boundary of support level 1 around 1,225 points. At that time, it is necessary to see on the chart a relatively strong candle with a short leg, investors can open a short-term buying position.
With scenario 2, the market falls through the 1,125 price zone with large liquidity and no active buying signal, investors should wait for transactions at support price zones 2 and 3. These are important support levels established by the old bottom recorded in April and August 2024 and the peak of 2023.
"The general market is under downward pressure, trading scenarios are geared towards short-term buying strategies when the VN-Index and stocks approach reliable support," ABS experts emphasized.
Investors should pay attention to stock groups that benefit from macro trends such as industrial park real estate, textiles, seafood, technology, food, etc., ABS experts recommend.
However, investors should choose leading stocks with good fundamentals and profit growth prospects, showing more strength than the general market or stocks forming a bottom pattern...
Source: https://tuoitre.vn/chung-khoan-lai-tut-huyet-ap-hon-500-co-phieu-giam-gia-20241115153724698.htm
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