VN-Index lost nearly 5 points in the session of October 25 due to fierce selling pressure from domestic investors, thereby falling to 1,252 points and ending a negative trading week with a total loss of 34 points.
VN-Index drops for second session, down to 1,252 points due to sell-off pressure
VN-Index lost nearly 5 points in the session of October 25 due to fierce selling pressure from domestic investors, thereby falling to 1,252 points and ending a negative trading week with a total loss of 34 points.
After yesterday's correction, some experts believe that selling pressure may continue in the coming sessions. Buying positions are riskier, so investors need to be cautious and limit additional purchases.
In fact, today's trading session has partly proven these predictions when VN-Index opened with green covering the market. However, due to investors' caution , some slight fluctuations occurred before the lunch break. In the afternoon session, fierce selling pressure caused the electronic board to gradually turn red and maintained this state until the close. VN-Index closed the last session of the week at 1,252.72 points, losing 4.69 points compared to the reference and extending the decline for the second consecutive session.
Ho Chi Minh City Stock Exchange today recorded more than 569 million shares successfully transferred, equivalent to a transaction value of VND13,784 billion. The matched volume decreased by 104 million shares compared to the previous session, while the transaction value decreased by VND2,197 billion. This is the session with the lowest transfer value in more than a week.
VHM led in liquidity with a matched value of more than VND 1,077 billion (equivalent to 24.5 million shares), followed by MSN with more than VND 789 billion (equivalent to 10.1 million shares) and STB with more than VND 660 billion (equivalent to 19.7 million shares).
VN-Index was covered in red while 207 stocks decreased, while the number of stocks increased by only 136. The VN30 basket had a strong differentiation when the selling side dominated, leading to 19 stocks closing below the reference, nearly 5 times more than the stocks that increased.
The banking group was under intense selling pressure in today's session. Specifically, BID topped the list of stocks with the most negative impact on the market when it fell 1.04% to VND47,500, followed by CTG down 0.72% to VND34,600. TCB was next with a decrease of 0.63% to VND23,500, EIB down 2.57% to VND20,850, VIB down 1.35% to VND18,250 and SHB down 1.42% to VND10,400.
The oil and gas group put great pressure on the market when almost all closed below the reference. Specifically, PSH decreased by 4.4% to 3,230 VND, POW decreased by 1.7% to 11,900 VND and PVD decreased by 1% to 25,650 VND.
In the real estate group, VHM was sold heavily, making the already weak investor sentiment more negative and spreading to many other stocks. Specifically, HPX decreased by 2% to VND4,500, KDH decreased by 1.5% to VND33,150, QCG decreased by 0.9% to VND10,900 and AGG decreased by 0.7% to VND15,100.
On the other hand, VPB turned the tide and became a pillar for today's session when it increased by 0.5% to VND20,100. LPB and VCB were also rare banking stocks that traded positively in the last session of the week when they increased by 0.94% to VND32,100 and 0.11% to VND91,800, respectively. The remaining codes on the list of positive impacts on the VN-Index were VTP, PGV, HNG, PDR, DXG, DIG and CTD.
Foreign investors continued their net selling streak for the second consecutive session. Specifically, this group sold nearly 41 million shares, equivalent to a transaction value of VND1,454 billion, while only disbursing VND1,042 billion to buy more than 32 million shares. The net selling value was approximately VND413 billion, nearly double the previous session.
Foreign investors focused on selling MSN with a net value of over VND258 billion, followed by DGC with over VND78 billion, TCB with VND66.3 billion and HPG with VND48.4 billion. In contrast, foreign cash flow focused on VPB shares with a net value of VND136 billion. MWG ranked next with a net absorption of about VND71 billion, followed by EIB with over VND34 billion.
Source: https://baodautu.vn/vn-index-giam-phien-thu-hai-xuong-1252-diem-boi-ap-luc-ban-thao-d228340.html
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