Foreign investors "take profit" strongly on FPT shares, VN-Index drops more than 19 points
The market fell sharply on May 24 as many stock groups plummeted with high liquidity. FPT was the stock that was sold the most by foreign investors. At the same time, this was also the stock that pulled the VN-Index down deeply.
Unlike the reversal at the end of yesterday's trading session, the late-session effort failed to help the stock market curb its decline. Right from the opening, the opposite trend of the previous session appeared when selling pressure appeared right from the beginning of the session and pulled the indices back below the reference level. However, the demand was still relatively good and helped the indices not fluctuate negatively but fluctuate around the reference level.
However, negative fluctuations occurred at the end of the morning session when selling pressure increased very high, causing a series of stock groups to plummet. Selling pressure was stronger in the afternoon session when negative sentiment covered the entire market.
The "sinner" of today's session must be FPT as this is the code that triggered negative investor sentiment when the market was at sensitive levels. FPT was sold heavily and closed the session down more than 4% to 131,900 VND/share. FPT is one of the stocks that led the market up in the recent past. When the stock of this technology giant had problems, it triggered strong selling pressure that spread to many other stock groups.
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| FPT shares pull VN-Index down. |
FPT today took away 1.74 points from the VN-Index. At the same time, FPT had a record matching session of 13.4 million shares and was net sold by foreign investors of 2.6 million shares. Other technology stocks such as CMG, ELC… also fell simultaneously.
Banking stocks also contributed many "representatives" in the top 10 negative impacts on the market when recording pressure from VCB, CTG, VPB... In which, VCB decreased by nearly 0.9% and took away 1.09 points. CTG decreased by 2.3% and took away 0.98 points. Along with that, stocks such as HPG, MSN, VHM or BCM also had negative fluctuations in this session.
A series of hot stock groups in recent times such as Viettel, fertilizer, seaports - shipping, securities... all went down. In particular, Viettel stocks all decreased by over 3%.
The real estate group also traded negatively when DPG hit the floor, TCH fell more than 6%, NTL fell 5.9%...
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| Top 10 stocks with the strongest impact on VN-Index. |
On the other hand, in the VN30 group, there were still 4 stocks increasing in price, including ACB, GVR, PLX and STB. Of which, GVR had the most positive contribution to the VN-Index with 0.83 points, this stock increased by 2.5% to 34,350 VND/share during the session. ACB also increased by 2.8% and contributed 0.76 points. In addition, HVN stock continued its impressive increase with 2% to 24,200 VND/share and also contributed 0.27 points to the VN-Index.
At the end of the trading session, VN-Index decreased by 19.1 points (-1.49%) to 1,261.93 points. The entire floor had 93 stocks increasing, 364 stocks decreasing and 43 stocks remaining unchanged. HNX-Index decreased by 5.19 points (-2.1%) to 241.72 points. The entire floor had 51 stocks increasing, 139 stocks decreasing and 56 stocks remaining unchanged. UPCoM-Index decreased by 0.77 points (-0.81%) to 94.4 points.
Total trading volume on HoSE reached 1,367.8 million shares, worth VND35,531 billion, of which negotiated transactions contributed VND3,119 billion. Trading value on HNX and UPCoM reached VND3,121 billion and VND1,697 billion, respectively.
SHB is the strongest matching order in the market with more than 39 units, followed by MBB, VIX, ACB, NVL, DIG, HPG and SHS all matched orders of over 30 million units.
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| Foreign investors suddenly sold FPT shares heavily. |
Foreign investors net sold more than 1,500 billion VND on HoSE, in which this capital flow net sold the most FPT code with 355 billion VND. MWG, MBB and VHM were all net sold over 100 billion VND. On the other hand, foreign investors net bought the most CCQ ETF FUEVFVND with 92 billion VND. TCB was also net bought 33 billion VND. Foreign investors net bought 26 billion VND on HNX and net sold 34 billion VND on UPCoM.
The move to "take profit" on FPT shares at this time can still bring sweet fruit for foreign investors . Recently, the stock has increased sharply, currently still 37% higher than at the beginning of the year. Often in a state of approaching the maximum foreign ownership ratio, the decision to sell by foreign investors has helped this stock open quite a lot of room (nearly 2.7 million units).
Source: https://baodautu.vn/khoi-ngoai-chot-loi-manh-co-phieu-fpt-vn-index-giam-hon-19-diem-d215982.html
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