Foreign investors return to buy stocks in "sell-off" session

The Vietnamese stock market in the trading session of October 18 was quite negative due to the sell-off of domestic investors. Stocks were scattered on the floor, causing the VN-Index to lose nearly 30 points at one point, but by the end of the session, the decline was significantly narrowed due to increased bottom-fishing demand.

However, the real estate stocks continued to fall sharply, with only a few stocks remaining green, such as SZC up 4.41%, IDC up 2%, while the rest all fell. BCG, CII, DIG, DRH, CKG, DXS, HQC hit the floor, HDC down 5.56%, DXG down 5.49%, NVL down 5.54%, PDR down 3.97%, SCR down 4.35%, QCG down 4.29%, ITA down 5.57%, NBB down 3.01%... In addition, the Vingroup trio also fell with VRE down 1.85%, VHM down 2.7%, VIC down nearly 1%.

Securities stocks also fell sharply. Except for a few rare stocks that remained green, such as VIX up 3.85%, SHS up 1.85%, MBS up 1.96%, VND and SSI up nearly 1%, the rest all fell sharply. Of which, OGC hit the floor, CTS down 6.64%, VDS down 3.23%, VCI down 1.45%, SBS down 5.19%, HBS down 4.88%, AGR down 3.86%...

Banking stocks were also in red with BID down 3.15%, ACB down 1.78%, EIB down 1.45%, MBB down 1.93%, OCB down 3.97%, SHB down 1.89%, STB down 1%, TCB down 1.57%, TPB down 1.52%...

In addition, the manufacturing group also traded quite negatively with HPG down 3.23%, MSN down 3.8%, SAB down 2.29%, DCM down 3.77%, DPM down 5.76%, VHC down 4.34%, HSG down 5.56%, BMP down 3.48%...

While domestic investors sold off, foreign investors returned to collect goods, net buying 583 billion VND in the whole market, of which net buying on the HOSE floor was nearly 559 billion VND.

At the end of the trading session, VN-Index decreased by 18.25 points (1.63%) to 1,103.4 points with 465 stocks decreasing, 53 stocks increasing and 32 stocks remaining unchanged. At the end of the session on the Hanoi Stock Exchange, HNX-Index also decreased by 2.92 points (2.72%) to 227.11 points with 161 stocks decreasing, 33 stocks increasing and 34 stocks remaining unchanged. Bottom-fishing demand entered the market when VN-Index dipped below 1,100 points, causing liquidity to skyrocket, with total trading value across the market reaching about VND25,300 billion, of which HOSE accounted for nearly VND22,000 billion.

Source