Gloomy trading despite ETF portfolio restructuring, VN-Index evaporates nearly 10 points

VN30 was in red. Not only large-cap stocks, the number of stocks that decreased in price was nearly double the number of stocks that increased in the session. All three stock indices fluctuated negatively at the beginning of November with liquidity remaining at a low level.

Gloomy trading despite ETF portfolio restructuring, VN-Index "evaporates" nearly 10 points

VN30 was in red. Not only large-cap stocks, the number of stocks that decreased in price was nearly double the number of stocks that increased in the session. All three stock indices fluctuated negatively at the beginning of November with liquidity remaining at a low level.

Red dominates the session on November 1.

Opening the first trading session of November, investors welcomed information that Vietnam's purchasing managers' index (PMI) in October exceeded 51 points, reflecting the return of growth in Vietnam's manufacturing industry after Typhoon Yagi. However, developments in the stock market on November 1 did not show positivity. The indices fell from the beginning of the session when a series of stock groups were in the red such as banking, securities, steel, retail... Meanwhile, the real estate and oil and gas groups played a role in supporting the market at the beginning of the session.

The support from a few individual stocks was not enough to spread the cash flow to many other stock groups. Instead, selling pressure gradually increased and made the general market fluctuate more negatively, especially in the afternoon session.

Trading on the market was gloomy even though this was the session when ETF funds simulating VN Diamond and VNFIN Lead indexes would complete transactions in the year-end restructuring period, which would have traded strongly in the periodic order matching session to determine the closing price (ATC). Investors were cautious and waiting for the market's reaction in this area.

In the VN30 group today, only 3 stocks increased in price while 25 stocks decreased in price and 2 stocks remained unchanged in the afternoon. Of which, POW, MSN, ACB, GVR, MBB... all decreased sharply in today's session and most of them were sold by ETF funds simulating the VN Diamond index. MSN decreased by 2.74% and took away 0.77 points from the VN-Index. GVR decreased by 1.82% and also took away 0.58 points from this index.

Notably, MWG, despite being added to the VN Diamond index and heavily purchased by the DCVFMVN Diamond ETF, still fell 0.75% in today's session. In the ATC session alone, MWG matched 16.35 million units while the entire trading session matched more than 21.3 million units.

On the other hand, the 3 stocks that increased in VN30 were SSB, BVH and SAB. Of which, SSB increased by 2.4% and was the stock that contributed the most to supporting the VN-Index with 0.27 points. NLG increased strongly by 2.13%, this stock was purchased quite strongly by the DCVFMVN Diamond ETF fund in this restructuring period. In addition, some real estate stocks such as HDG, DXG, QCG... also increased quite well in this session.

A series of large-cap stocks dragged down the VN-Index.

At the end of the trading session, VN-Index decreased by 9.59 points (-0.76%) to 1,254.89 points. The entire floor had 86 stocks increasing, 289 stocks decreasing and 60 stocks remaining unchanged. HNX-Index decreased by 0.95 points (-0.42%) to 225.41 points. The entire floor had 61 stocks increasing, 106 stocks decreasing and 53 stocks remaining unchanged. UPCoM-Index decreased by 0.42 points (-0.45%) to 91.96 points.

The total trading volume on HoSE reached 581 million shares, equivalent to a trading value of VND14,790 billion. Negotiated transactions accounted for VND1,200 billion. Thus, the order matching value in today's session reached VND13,590 billion, up 23% compared to the previous session. The trading value on HNX and UPCoM was VND614 billion and VND587 billion, respectively.

Foreign investors extend net buying streak.

Foreign investors still maintained a net selling status with more than 300 billion VND on HoSE. Of which, this capital flow continued to net sell the most MSN code with 252 billion VND. VHM and KDC were net sold 164 billion VND and 101 billion VND respectively. In the opposite direction, VPB was net bought the most with 196 billion VND. TCB and MWG were net bought 144 billion VND and 108 billion VND respectively.

Source: https://baodautu.vn/giao-dich-am-dam-bat-chap-ky-co-cau-danh-muc-etf-vn-index-boc-hoi-gan-10-diem-d228977.html