VN-Index cuts two consecutive sessions of deep decline

VN-Index increased by 1.05 points to 1,245.76 points in the session on November 5, breaking the two consecutive sessions of decline despite liquidity at its lowest level in the past week.

After two previous sharp declines, some experts said that investors should only disburse when there are clear signals of a balancing process and signs confirming a recovery trend appear. These comments partly made investors more cautious in the session on November 5.

VN-Index opened today's session in green. However, from mid-morning, the market shifted to a tug-of-war state with alternating increases and decreases due to strong selling by foreign investors . After the lunch break, demand at low prices appeared, helping the index return to green before closing at 1,245.76 points, up 1 point from the reference.

The trading volume for the entire session today reached over 416 million shares, down 293 million units compared to the first session of the week. The trading value accordingly decreased by VND4,871 billion, down to VND10,983 billion. This is the session with the lowest liquidity value in over a week.

VHM leads in transaction value with over VND587 billion, equivalent to 14.1 million shares successfully transferred. The following positions in the liquidity ranking have a significant gap compared to the leading position. Specifically, MSN recorded a transaction value of over VND364 billion (equivalent to 5 million shares), MWG over VND344 billion (equivalent to 5.3 million shares) and DXG approximately VND317 billion (equivalent to 18.7 million shares).

The Ho Chi Minh City Stock Exchange recorded 187 stocks closing in the green, with a small difference in the number of stocks falling at 168. Among the stocks that increased, 6 hit the ceiling and most of them closed with no sellers. The VN30 basket had 11 stocks increasing and 9 stocks closing below the reference.

HVN accumulated 5.56% compared to the reference, up to 22,800 VND, becoming the main growth driver for the market and leading the increase in the aviation group. The growth driver also came from pillar codes of many other industry groups such as banking , steel, real estate... Specifically, in the banking group, EIB increased by 3.21% to 19,300 VND, VCB increased by 0.11% to 92,600 VND and SHB increased by 0.96% to 10,550 VND.

Steel stocks also recorded a significant improvement when most closed in the green. Specifically, NKG increased by 1% to VND20,900, HPG increased by 0.8% to VND26,500 and HSG increased by 0.3% to VND20,000.

The real estate group also contributed significantly to today's increase. Two pillar codes, DXS and NVL, increased 1.4% to VND5,790 and 1% to VND10,300, respectively.

The banking group had a strong differentiation when in the opposite direction, CTG decreased by 1.82% to 35,050 VND and became the main factor holding back the market's increase in today's session. Next, BID decreased by 0.63% to 47,400 VND and OCB decreased by 1.38% to 10,700 VND.

Foreign investors extended their net selling streak to the ninth session. Specifically, this group sold more than 47 million shares, equivalent to a transaction value of VND1,785 billion, while only disbursing more than VND931 billion to buy more than 28 million shares. The net selling value accordingly reached about VND854 billion.

Foreign investors today aggressively sold MSN shares with a net value of approximately VND170 billion, followed by VHM with more than VND115 billion. On the other hand, foreign investors actively disbursed into TCB with a net purchase value of more than VND67 billion, followed by VPB and EIB with both more than VND32 billion.

VN-Index increased by 1.05 points to 1,245.76 points in the session on November 5, breaking the two consecutive sessions of decline despite liquidity at its lowest level in the past week.

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