VN-Index drops nearly 6 points, FPT continues to face pressure from foreign net withdrawal

FPT shares continue to be under pressure from foreign net withdrawals

After a session of increasing points and a significant recovery in liquidity, the stock market entered the session on March 26 in a tug-of-war with a clear differentiation between stock groups. Although there was a certain excitement at the beginning of the session thanks to the pulling force from some pillar stocks, profit-taking pressure gradually appeared, causing the index to weaken towards the end of the session. Liquidity dropped to the lowest level in many weeks, reflecting the cautious sentiment of investors. Initial demand helped the index start positively, however, the gradual weakening of leading groups caused the increase to not be sustained for long. The psychology of being afraid to chase buying at high prices and profit-taking pressure when the market had not shown clear signs of a breakthrough made the recovery sessions during the session not strong enough to maintain a sustainable green color.

In the afternoon session, trading continued to be volatile with red dominating. The VN-Index briefly recovered above the reference level. However, selling pressure increased sharply in some stock groups, causing the index to quickly reverse and fall below the reference level. Foreign investors continued to sell net, focusing on some large-cap stocks, creating more pressure on the index.

At the end of the trading session, VN-Index decreased by 5.83 points (-0.44%) to 1,326.09 points. HNX-Index decreased by 3.23 points (-1.32%) to 241.33 points. UPCoM-Index decreased by 0.32 points (-0.32%) to 98.85 points.

The entire market had 326 stocks increasing, while 396 stocks decreased and 862 stocks remained unchanged/no trading. However, if only counting the HoSE floor, the number of stocks decreasing was overwhelming with 286 stocks, while 176 stocks increased.

FPT shares and a series of banking stocks are the main reasons for the decline of VN-Index.

In the VN30 group today, there were 19 stocks that decreased while only 7 stocks increased in price. Banking stocks such as VCB, CTG, LPB, MBB, VPB... were also in red and negatively affected investor sentiment. Besides the banking group, securities stocks also had a negative trading session. In particular, BVS decreased by 1.7%, SHS decreased by 1.67%, FTS decreased by 2.56%, BSI decreased by 2.45%... The top securities stocks including SSI, HCM or VCI were all in red and decreased by over 1%.

Along with the decline of the financial group, FPT was the key factor that put great pressure on the general market. FPT decreased by 2.8% to 123,000 VND/share and took away 1.23 points from the VN-Index. After 2 sessions of stagnation, foreign investors increased their net selling to 309 billion VND for FPT shares, which was also the main reason why this stock continued to plummet.

On the other hand, HPG increased sharply by 1.3% and was the main factor helping to restrain the decline of VN-Index. Recently, Hoa Phat Group announced the documents for the 2025 Annual General Meeting of Shareholders. In 2025, Hoa Phat plans to achieve revenue of VND 170,000 billion, an increase of about 21% compared to the revenue achieved in 2024. If the plan is completed, this will be the highest revenue ever of Hoa Phat. The plan for after-tax profit is VND 15,000 billion, an increase of nearly 25% compared to the implementation in 2024. The expected dividend rate in 2025 is 20%. The Board of Directors plans to submit to shareholders for approval the dividend payment plan for 2024 with a payment rate of 20% (5% in cash and 15% in shares). Besides, stocks such as TCB, GAS, BSR... also traded relatively positively and created support for VN-Index.

Foreign investors net sold for 7 consecutive sessions

Market liquidity decreased slightly compared to the previous session. The total trading volume on HoSE reached nearly 835 million shares, equivalent to a trading value of VND18,789 billion, down 16% compared to the previous session, of which, matched transactions decreased by 5% to VND16,585 billion. The trading value on HNX and UPCoM reached VND1,262 billion and VND468 billion, respectively.

HPG is the most traded stock in the market today with a value of 1,213 billion VND. FPT is behind with a value of 1,209 billion VND.

Foreign investors continued to net sell VND535 billion in the whole market. Besides FPT, foreign investors continued to strongly sell TPB with VND128 billion. DBC was also net sold VND58 billion. In the opposite direction, VRE was the strongest net bought with VND162 billion. STB and BID were net bought VND56 billion and VND48 billion, respectively.

Source: https://baodautu.vn/vn-index-giam-gan-6-diem-fpt-tiep-tuc-chiu-ap-luc-tu-khoi-ngoai-rut-rong-d259314.html