VN-Index falls for second session, loses 1,270 point mark

Massive selling pressure caused the VN-Index to lose nearly 8 points at one point in the afternoon session of December 11 before narrowing the decrease thanks to demand at low prices, closing at 1,268.86 points.

Massive selling pressure caused the VN-Index to lose nearly 8 points at one point in the afternoon session of December 11 before narrowing the decrease thanks to demand at low prices, closing at 1,268.86 points.

After yesterday's slight decline (December 10), some experts believe that the market may experience a few slight fluctuations in the process of meeting the resistance zone of 1,270 points. Investors should manage their portfolios carefully and continue to observe fluctuations in exchange rates and world markets to manage short-term risks.

Investors' caution was evident in this morning's session (December 11) when the VN-Index opened in the green, but the increase was modest. Before the lunch break, the index reversed to the reference, then continued to plummet and at one point lost nearly 8 points, down to 1,264 points. Before closing, 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 today's session at 1,268.86 points, down 3.21 points from the reference and extending the decline for the second consecutive session.

VN-Index was covered in red when 244 stocks decreased, while only 145 stocks closed in green. The large-cap basket fell into a state of "green on the outside, red on the inside" when the VN30 index increased by 0.63 points to 1,336.48 points, but 17 stocks closed below the reference, nearly double the number of stocks that 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, falling 1.27% to VND93,300. Next came GVR, which fell 0.94% to VND31,450, while MWG and LPB both fell 1.32% to VND60,000 and VND33,600, respectively. Other large-cap stocks on the list were BCM, HPG, BID, GAS and SAB.

Fertilizer group recorded a less exciting trading status when most closed below the reference. Specifically, DCM lost 1.1% to VND36,900, DPM decreased 0.7% to VND35,650 and BFC decreased 0.6% to VND38,800.

Most oil and gas stocks fell into a similar state. Most of the codes in this group decreased within a range of 0.2-2%, only PSH reversed the trend when it increased to the ceiling price of 3,800 VND and closed with no sellers.

On the other hand, FPT played a supporting role for the market when it increased by 0.67% to 150,500 VND, leading the ranking of stocks with the most positive impact on the VN-Index. Next on this list are representatives from the banking group. Specifically, SHB increased by 2.42% to 10,600 VND, HDB increased by 1.07% to 23,600 VND, TCB increased by 0.42% to 24,150 VND and EIB increased by 1.32% to 19,250 VND.

The trading volume for the entire session reached over 627 million shares, a slight decrease of 4 million units compared to the previous session. However, the trading value reached 15,316 billion VND, an increase of 869 billion VND compared to yesterday's session.

The large-cap basket contributed to liquidity of VND7,612 billion, equivalent to nearly 262 million shares successfully transferred. Of which, FPT ranked first in transaction value with more than VND726 billion (equivalent to 4.8 million shares). Next was HPG with more than VND474 billion (equivalent to 17 million shares), HDB with approximately VND350 billion (equivalent to 14.9 million shares) and SHB with about VND335 billion (equivalent to 31.7 million shares).

Foreign investors also contributed to the market's reversal from increase to decrease in today's session. Specifically, this group sold nearly 53 million shares, equivalent to VND1,649 billion, while only disbursing VND1,470 billion to buy nearly 43 million shares. The net selling value of foreign investors reached VND179 billion.

Foreign investors sold VRE strongly with a net value of over VND129 billion. Next on the list of stocks that foreign investors sold off aggressively were ACV with over VND97 billion, MWG with nearly VND72 billion and GDA with over VND54 billion. On the other hand, foreign money actively disbursed into FPT with a net purchase value of approximately VND82 billion, followed by TCB with about VND72 billion and HDG with over VND60 billion.

Source: https://baodautu.vn/vn-index-giam-phien-thu-hai-xuong-duoi-1270-diem-d232218.html