The portfolio structure of 2 foreign ETFs does not cause many changes, the real estate group attracts cash flow

Foreign ETFs completed their portfolio restructuring in the first quarter with not too surprising developments. In total, foreign investors net sold more than VND1,300 billion, continuing the increasingly strong net selling streak that has lasted for 4 sessions.

VN-Index increased in the session of March 14 but could not maintain the results until the end of the session, VN-Index reversed with high liquidity. In the trading session of March 15, the pressure on the market was still there and this caused the inertia of the decline to continue.

Trading on the market took place in a tug-of-war direction with strong differentiation in many stock sectors. However, most of the morning session was below the reference level, although sometimes demand increased and helped the index recover slightly. Investor sentiment seemed to be very cautious and followed the movements in the afternoon session because today's session is the time for ETF funds to restructure their investment portfolios in the first quarter.

In the afternoon session, the market situation got worse as many stock groups were under strong selling pressure, and the indices fell quite deep below the reference level.

However, the developments at the end of the session had some surprises when many groups of stocks recovered and helped VN-Index have time to reverse and increase to the session's highest level. However, the index still closed in red.

During the ATC session - the time when funds restructure their investment portfolios, strong fluctuations occurred in stocks in the fund portfolios as well as codes added or removed. Both FTS and EVF traded strongly and increased in price, thanks to EVF being added to the FTSE Vietnam Index portfolio or FTS being added to the MarketVector Vietnam Local Index portfolio. At the end of the session, FTS increased by 4.1% and EVF increased by 2.7%.

The stocks that put strong pressure on the market today include VIC, VCB, VHM, VNM or HPG... Of which, VIC decreased by 3.4% and took away 1.46 points from the VN-Index. In this restructuring of the 2 foreign ETFs, VIC had its weight reduced quite strongly. VCB decreased by 1.1% and took away 1.42 points, VHM decreased by 1.2% and also took away 0.55 points.

The differentiation among industry groups in today's session was very strong. In the same industry, there were stocks that increased strongly but also stocks that decreased deeply.

On the positive side, GVR, GAS, BID, VIB ... made the biggest contribution in supporting VN-Index, in which, GVR increased by 5.5% and contributed 1.75 points, GAS increased by 1.6% and also contributed 0.71 points.

Today's session recorded cash flow focused on real estate stocks. Of which, HDC hit the ceiling price of VND33,350/share. Besides, DIG increased by 3.6%, HQC increased by 2%, QCG increased by 3.2%...

At the end of the trading session, VN-Index decreased by 0.48 points (-0.04%) to 1,263.78 points. The entire floor had 217 stocks increasing, 249 stocks decreasing and 86 stocks remaining unchanged. HNX-Index decreased by 0.14 points (-0.06%) to 239.54 points. The entire floor had 79 stocks increasing, 85 stocks decreasing and 77 stocks remaining unchanged. UPCoM-Index decreased by 0.27 points (-0.29%) to 91.35 points.

Total trading volume on HoSE reached 1.07 billion shares, worth VND27,509 billion. On HNX and UPCoM, trading value reached VND2,345 billion and VND746 billion, respectively. DIG had the strongest trading volume in the market with nearly 70 million units. HPG and VND matched orders of 35.8 million units and 33.2 million units, respectively.

Foreign investors increased net selling by VND1,311 billion on HoSE, in which, this capital flow sold the most HPG code with VND199 billion. VHM and VND were net sold by VND158 billion and VND118 billion respectively. On the other hand, FTS was the strongest net bought with VND138 billion. DIG and EIB were net bought by VND99 billion and VND68 billion.

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