(NLDO) - Foreign investors continued to net sell more than 600 billion VND, domestic investors were not in a hurry to buy stocks at the bottom, causing payments to disappear, and VN-Index "turned around" and lost points.
The trading session on January 14 ended in a quiet state when VN-Index decreased 6.58 points to 1,229.07 points; HNX Index decreased 1.35 points, closing at 218.27 points.
Liquidity continued to weaken as the trading value on the HOSE floor was just over VND8,500 billion, "evaporating" more than 23% compared to the previous session, reflecting the increasing cautiousness of investors. The lack of supporting cash flow and the strong net selling of more than VND600 billion by foreign investors are putting great pressure on the index.
Strong selling pressure erased the previous session's recovery. The banking group continued to face strong selling pressure, dragging down the general index. Many large stocks in this industry fell sharply such as CTG, HDB, BID...
Other sectors such as securities, real estate, and steel also could not escape the downward pressure. Foreign investors continued to sell net, focusing on FPT, VPB, and MSN.
The rare bright spots of the market belonged to some stocks of Kinh Bac Urban Development Corporation (KBC) which increased by 2.48% to 28,950 VND; STB of Sacombank increased by 0.28% to 35,400 VND; or some other stocks closed in green such as MBS, ORS, VGC...
Commenting on tomorrow's trading session, Mr. Vo Kim Phung, Head of Analysis, BETA Securities Company, said that VN-Index will continue to maintain a negative trend in the short term. Cash flow is tending to be cautious, as a number of investors choose to stay on the sidelines and observe.
The stock market has not been able to regain investor confidence.
Market sentiment is also affected by large cash flows and economic policies of the US government, especially in the context of President Trump's decisions being closely monitored. "Investors should maintain a high cash ratio to minimize risks and increase opportunities in case new opportunities appear in the market. Disbursement decisions should only focus on stocks of businesses with strong financial foundations," said Mr. Phung.
Experts from Vietnam Construction Securities Company (CSI) said that the VN-Index has not yet broken out to increase points, and has decreased after yesterday's upward reversal session. The decrease in points is not too deep and the sharp decrease in liquidity shows that investors are not enthusiastic about buying positions in the market, and a recovery has not yet appeared.
"Maintaining a cautious stance, it is necessary to patiently wait for a signal confirming a positive recovery before opening a new stock buying position. Investors can prioritize opening a small-cap stock buying position when the VN-Index retests the support level of 1,222 points in the next session," said a CSI expert.
SHS Securities Company stated that in the short term, selling should be limited when the VN-Index adjusts to the price range of 1,200 - 1,220 points because it is in the accumulation price channel that has lasted from the beginning of 2024 until now. Currently, many codes are in relatively attractive price ranges compared to the intrinsic value of the business and medium- and long-term growth prospects, and can be gradually considered for accumulation.
Source: https://nld.com.vn/chung-khoan-ngay-mai-14-1-co-phieu-kinh-bac-sacombank-xanh-trong-ngay-vn-index-am-dam-196250114173408792.htm
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