Foreign investors have just had the strongest net buying week since the beginning of the year with a value of more than a thousand billion VND - Photo: QUANG DINH
Individuals sell heavily, foreign investors absorb?
VN-Index closed the 33rd trading week of this year at 1,252.23 points, up nearly 29 points (+2.34%) compared to the end of last week. The whole week was in a tug-of-war state, the increase was mainly from the closing session of the week.
Regarding market liquidity, data from FiinTrade shows that the total average trading value per session on all three exchanges last week reached 16,854 billion VND, down nearly 12% compared to the previous week.
In terms of order matching alone, the average trading value per session was VND14,951 billion, down 8.7% compared to the previous week and -16.1% compared to the 5-week average.
Except for the sixth session when active buying helped VN-Index increase dramatically, active buying and selling force remained low in most of the remaining trading sessions.
A notable trend last week was that foreign investors' net buying was stronger again. Data from FiinTrade showed that foreign investors net bought VND1,075 billion this week.
Foreign investors' main net buying orders were food and beverage and information technology groups. Foreign net selling on the other hand was basic resources.
Domestic institutional investors also net bought VND828 billion. In contrast, individual investors net sold VND1,596 billion. In addition to the individual group, securities companies' self-trading net sold more than VND307 billion.
Which stock group increased positively?
According to SHS Securities, the most active industry group contributing to the market's increase this week is residential real estate with an increase in stock prices of VHM of Vinhomes (+3.23%), TCH of Hoang Huy Financial Services Investment JSC (+9.34%), DIG (+2.59%), NVL of Novaland (+4.82%), CEO (+8.63%), HDG of Ha Do Group (+6.45%), PDR of Phat Dat (+6.21%), KDH of Khang Dien House (+4.21%)...
Along with that, the industrial park real estate group prospered with VGC of Viglacera (+5.38%), KBC (+5.56%), SZC of Sonadezi Chau Duc (+6.03%), BCM of Becamex (+1.12%)...
The group of stocks benefiting from public investment traded in green with HHV of Deo Ca (8.72%), C4G of Cienco4 (+2.17%), VCG of Vinconex (+5.25%)...
Securities stocks also had impressive performances, typically BSI (+3.19%), FTS (+5.72%), VIX (+5.29%), SHS (+5.88%), SSI (+4.47%)...
Retail group increased with MWG (+5.18%), PNJ (+2.62%), DGW (+3.6%), PET (+2.86%)...
On the contrary, this week, some other industries witnessed many stocks decreasing in points such as electricity with GEG (-8.19%), NT2 (-2.27%), QTP (-0.68%), NT2 (-2.27%), POW (-2.89%), VSH (-3.2%)... Steel industry group traded in red with HPG (-1.73%), NKG (-2.82%), HSG (-2.4%), SMC (-2.8%)...
SHS Securities experts said that this trading week was empty of information, but still recorded an impressive increase at the end of the week.
VN-Index may still face short-term profit-taking pressure in the early sessions of next week, before returning to conquer the resistance of 1,250 points once again.
In the medium term, SHS forecasts that the HoSE index will still fluctuate within a wide range of 1,180 - 1,300 points since the beginning of the year. If the index can overcome the resistance around 1,250 points, it is still expected that the medium-term trend will return to the accumulation channel of 1,250 - 1,300 points.
Short- and medium-term investors are recommended to maintain a reasonable proportion, limit chasing when VN-Index recovers to the 1,250-point area, and wait for the index to correct in the short term (expected in the first sessions of next week) before opening a new buying position.
Source: https://tuoitre.vn/chung-khoan-tang-lai-khoi-ngoai-co-tuan-mua-rong-manh-tay-nhat-tu-dau-nam-20240817153037973.htm
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