Cash flow into stocks drops sharply as VN-Index plunges for 4 consecutive sessions

VN-Index fell nearly 5 points to 1,250 points in the first session of the week and extended its decline to 4 consecutive sessions due to widespread selling pressure across many stock groups while cash flow remained on the sidelines observing the market.

Investor sentiment shifted from excitement to caution after much negative news appeared last week, leading to three consecutive sessions of decline, pulling the VN-Index down to the 1,255-point zone. In the first session of the week, the market still showed no signs of improvement as investors maintained selling pressure while buyers mainly stood on the sidelines observing.

Specifically, VN-Index opened in green but this development did not last long due to strong selling pressure in the middle of the session. The index representing the Ho Chi Minh City Stock Exchange at one point lost nearly 10 points compared to the reference and broke the 1,250 point mark. The decrease was narrowed at the end of the morning session and the market switched to a fierce tug-of-war state. VN-Index reversed twice from decrease to increase and vice versa in the afternoon session before closing at 1,250.35 points, down 4.76 points compared to the reference. Thereby, the index extended its decline to the fourth consecutive session and lost a total of 27 points.

Red dominated most sectors, especially the securities group when most stocks fell sharply. Specifically, VND decreased by 1.8% to VND21,650, VIX decreased by 1.8% to VND18,950, VDS decreased by 1.7% to VND20,550. The real estate group also faced fierce selling pressure when VRE decreased by 4.5% to VND23,600, NBB decreased by 3.35% and ITA decreased by 3.1%.

According to Mirae Asset, GAS topped the list of stocks that had the most negative impact on the market, falling 1.36% to VND79,800. VRE, VNM, MWG and FPT followed in the list. On the contrary, BID led the group of stocks that helped prevent the market from falling sharply, rising 1.2% to VND50,800, followed by HDB, CTG, TCB and HPG.

Ho Chi Minh City Stock Exchange today recorded 876 million shares successfully transferred, equivalent to a trading value of VND20,402 billion. The matched volume decreased by 200 million shares compared to the session at the end of last week, while the trading value decreased by nearly VND5,000 billion. NVL led in matched volume with 49.6 million shares, followed by VIX with 33.9 million shares and STB with 26.8 million shares.

After buying stocks in the last two sessions of the week, foreign investors returned to net selling VND152.8 billion in the first session of the week. Specifically, foreign investors bought 44.59 million shares (equivalent to VND1,407 billion) while selling 51.15 million shares (equivalent to VND1,561 billion). Foreign investors strongly bought PVS (VND64 billion), SBT (VND57 billion), HPG (VND54 billion), BID (VND41 billion) and DPG (VND35 billion). On the contrary, foreign investors today massively sold VHM stocks with a net selling value of more than VND282 billion.

Source