VN-Index decreased for the second consecutive session, losing the 1,270 point mark

Massive selling pressure caused the VN-Index to lose nearly 10 points at one point in the afternoon session of September 5 before narrowing the decline thanks to demand at low prices, closing at 1,268.21 points.

The sharp decline after the holiday yesterday (September 4), according to many experts, has signaled a negative trend in the short term because investor sentiment is affected by the negative developments of the global financial market. Therefore, investors are recommended to maintain an average stock ratio and observe more closely during this period to look for new opportunities, prioritizing stocks with good fundamentals and positive business results.

The caution and tightness were evident in this morning session (September 5) when VN-Index opened in green, but the increase was modest. The index reversed to the reference in the middle of the afternoon session, then continued to plummet and at one point lost nearly 10 points, down to 1,266 points. Before closing time, the decrease gradually narrowed thanks to the appearance of cash flow disbursement at low prices. The index representing the Ho Chi Minh City Stock Exchange closed at 1,268.21 points, down 7.59 points from the reference and extending the decline for the second consecutive session.

The Ho Chi Minh City Stock Exchange was covered in red as 285 stocks fell, while only 118 stocks increased. The VN30 basket was strongly divided as the selling side completely dominated, leading to 23 stocks closing below the reference, while only 3 stocks increased.

Many stocks in the large-cap basket were under intense selling pressure. Specifically, VCB topped the list of stocks with the most negative impact on the market when it fell 1% to VND90,100. Next came FPT, which fell 1.8% to VND130,600, GVR, which fell 2.31% to VND33,900, and MBB, which fell 1.84% to VND23,950. Other large-cap stocks on the list were MWG, MSN, CTG, VPB, BID, and TCB.

The steel group recorded a less-than-exciting trading status when all closed below the reference. Specifically, NKG decreased by 3% to VND20,700, HSG decreased by 2% to VND19,900, TLH decreased by 1.4% to VND5,670 and HPG decreased by 0.8% to VND25,050.

Most oil and gas stocks fell into a similar state. Most of the codes in this group decreased within the range of 0.7-2%, only PSH reversed the trend when it increased by 0.2% to 5,210 VND.

On the other hand, two Vingroup stocks, VHM and VIC, played a supporting role for the market when they increased by 2.94% to VND43,750 and 2.39% to VND45,050, respectively, leading the list of stocks with the most positive impact on the VN-Index. Next on the list was VNM, up 0.54% to VND74,700, HNG increased to the maximum limit to VND4,680 and VCF increased by 2.57% to VND275,200.

The trading volume for the entire session reached over 665 million shares, an increase of 17 million units compared to the previous session. The trading value accordingly reached 16,585 billion VND, an increase of 866 billion VND compared to yesterday's session. This is the ninth consecutive session with market liquidity below 20,000 billion VND.

The large-cap basket contributed to liquidity of VND9,155 billion, equivalent to more than 275 million shares successfully transferred. Of which, FPT ranked first in terms of transaction value with more than VND1,051 billion (equivalent to 8 million shares). Next was VHM with more than VND970 billion (equivalent to 22.1 million shares), MWG with more than VND578 billion (equivalent to 8.5 million shares) and HPG with more than VND567 billion (equivalent to 22.5 million shares).

Foreign investors also contributed to the market's reversal from increase to decrease in today's session. Specifically, this group sold nearly 114 million shares, equivalent to a value of VND3,453 billion, while only disbursing VND2,769 billion to buy more than 91 million shares. The net selling value of foreign investors reached VND684 billion.

Foreign investors sold FPT heavily with a net value of approximately VND272 billion. Next on the list of stocks that foreign investors sold off aggressively were HPG with more than VND92 billion, VPB with nearly VND89 billion and VCI with VND74.2 billion. On the other hand, foreign money actively disbursed into VHM with a net purchase value of up to VND196 billion, followed by VNM with VND94.4 billion and NVL with VND30.4 billion.

Source: https://baodautu.vn/vn-index-giam-diem-phien-thu-hai-lien-tiep-mat-moc-1270-diem-d224106.html