Red covers pillar stocks

24 stocks in the VN30 basket simultaneously decreased in price, creating great pressure causing the VN-Index to decrease by nearly 5 points at the close of today's session.

Early in the morning, the market remained green, with active buying and selling liquidity almost equal. But by mid-session, selling pressure gradually overwhelmed the VN30 group of stocks, with many stocks starting to fall in price, pushing this index and the entire VN-Index back below the reference.

In the afternoon, pillar stocks continued to have a major impact on the entire market. The fluctuations in VN-Index were almost identical to VN30, at times the index representing the Ho Chi Minh City Stock Exchange fell below 1,063 points. At the end of the session, VN-Index fell nearly 4.8 points compared to the reference, to 1,065.85 points.

Most industry indexes fell, except for industry and energy. The entire HoSE had 266 stocks falling, nearly double the number of stocks rising. In the VN30 basket alone, 24 stocks fell. The sharpest decline was MSN, down 2.2% from the reference, while the rest fell by no more than 2%.

Today, the banking group recorded 17/27 stocks falling. Many of them had liquidity of hundreds of billions of VND, but the amplitude was under 1%, except for VIB , which lost 1.4% of its market value. The sharp decline was common in the low-cap group, the strongest being PGB, which fell 5.5% compared to the reference.

According to VNDirect, the banking sector has three representatives in the group of 10 stocks that contributed the most to the market decline. Leading the way is BID, while TCB and CTG are in 7th and 10th place, respectively.

Meanwhile, securities stocks performed better. This group had 7 stocks increasing by 2% or more. In addition, VND was the stock with the highest liquidity in the market today, reaching over 750 billion VND. This stock increased by 1.5% despite being third in the top net selling list of foreign investors.

Liquidity on the HoSE floor increased slightly to over VND12,860 billion, with cash flow flowing into the banking, securities and industrial sectors. Foreign investors actively sold off their stocks with the selling value reaching about VND1,160 billion, double the buying value. VNM, MSN and VND were the three stocks with the largest net sales in this group.

Siddhartha

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