After a 0.4% drop on March 18, selling pressure dominated from the beginning of the session, causing the general index to drop sharply. Immediately after opening, supply increased across the board, especially in large-cap stocks, causing red to dominate the electronic board. Although there were times when the market tried to recover when bottom-fishing money appeared, selling pressure remained high, pushing the index back into a downward trend.
Investors’ cautious sentiment was evident as the number of stocks falling in price outnumbered the number of stocks rising in price. Important sectors such as banking, securities, real estate and energy were all under pressure to correct, leaving the market lacking the momentum to recover. Some individual stocks still went against the general trend thanks to positive supporting information, but were not enough to help the market balance.
After the lunch break, trading on the market continued to be negative as red completely dominated the electronic board. Along with that, some pillar stocks plummeted, causing the general market to have almost no significant recovery.
At the end of the trading session, VN-Index stood at 1,324.63 points, down 6.34 points (-0.48%) compared to the previous session. HNX-Index decreased 1.75 points (-0.71%) to 245.28 points. UPCoM-Index decreased 0.93 points (-0.93%) to 99.36 points.
The number of codes decreasing was overwhelming with 466, while there were 300 codes increasing in price. The whole market still recorded 17 codes increasing to the ceiling and 12 codes decreasing to the floor.
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| FPT pulls VN-Index down deeply. |
The market focus was on FPT shares. This stock was under strong selling pressure and plummeted with record matched volume. FPT at one point in the trading session fell by 5% to only VND123,500/share. At the end of the trading session, FPT closed at VND124,600/share, down 4.15% compared to the previous session. Matched volume reached more than 18 million units. Foreign investors were the main reason for FPT's plunge in today's session when this capital flow net sold nearly 8.5 million units, earning over VND1,070 billion).
Besides FPT, foreign investors also sold strongly and created great pressure, causing two other stocks, MWG and VPB, to fall sharply. At the end of the session, MWG fell 3.7% and VPB fell 1.77%. Foreign investors today sold a net VND168 billion worth of MWG shares and VND158 billion worth of VPB shares.
FPT took 1.89 points off the VN-Index today. Meanwhile, MWG and VPB contributed 0.8 points and 0.66 points, respectively. A series of other large stocks such as VCB, HPG, MSN, BID… were also in the red and put great pressure on the general market.
Steel stocks fluctuated negatively after Mr. Le Phuoc Vu, Chairman of the Board of Directors of Hoa Sen Group (HSG), commented at the General Meeting of Shareholders that the steel industry would only go sideways at best, the general trend was downward. NKG fell 3.5% today, HSG fell 3.3%...
On the other hand, GVR, LPB, VIC, VIB, SHB… were key factors that helped to restrain the decline of the general market. Of which, GVR increased by more than 4% and contributed 1.33 points to the VN-Index. VIC increased by 1.17% and also contributed 0.55 points.
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| Foreign investors net sold more than 1,500 billion VND on all three exchanges. |
Market liquidity remained high, with total trading volume on HoSE reaching nearly 950 million shares, equivalent to a trading value of VND23,455 billion, up 13% compared to the previous session. Of which, matched transactions accounted for VND20,239 billion, up 12%. FPT topped the market in terms of trading value with VND2,289 billion. Following that, HPG and MWG traded VND1,036 billion and VND806 billion, respectively.
Foreign investors net sold a total of more than VND1,500 billion in the whole market. Besides FPT, MWG and VPB, foreign investors also strongly net sold codes such as SSI (VND94 billion), SAB (VND59 billion)... On the other hand, foreign investors net bought the most VHM code with VND124 billion. VIC was also net bought VND99 billion.
Source: https://archive.vietnam.vn/khoi-ngoai-ban-rong-fpt-thu-gan-1-100-ty-dong-vn-index-giam-hon-6-diem/
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