VN-Index lost more than 4 points, oil and gas stocks reversed the trend

VN-Index traded in red almost throughout the session on October 2 due to selling pressure from foreign investors before closing at 1,287.84 points, down more than 4 points compared to the reference.

Before today's trading session, most securities companies predicted that the market was at a strong resistance zone. Investors should closely follow developments during the trading session to be able to act promptly to preserve their results.

VN-Index was in the red since the opening, but the decrease range was relatively narrow, even bouncing back to the reference at times. The index representing the Ho Chi Minh City Stock Exchange only gradually widened the decrease range from the end of the morning session due to strong selling pressure. In the afternoon session, the index continued to fall deeply before closing at 1,287.84 points, losing 4.36 points, equivalent to a decrease of 0.34% compared to the reference.

The number of stocks that declined was more dominant than those that increased, with 299 and 96 stocks, respectively. The large-cap basket recorded a similar situation when 19 stocks closed below the reference, nearly double the number of stocks that increased, which was 10.

HPG became the strongest factor in pushing the index down, falling 1.68% to VND26,300. Banking stocks were also on the list of 10 stocks that negatively impacted the VN-Index. Specifically, CTG fell 1.37% to VND36,000, VPB fell 1.01% to VND19,700, HDB fell 1.61% to VND27,550 and VIB fell 1.26% to VND19,550.

Aviation stocks also moved in a negative direction. Specifically, HVN lost 1.2% to VND20,950, SCS lost 1.1% to VND77,800 and VJC lost 0.3% to VND105,000.

Selling pressure also appeared in the real estate group when most stocks decreased. Of which, PDR decreased 5.6% to VND21,200, DXG decreased 4.8% to VND15,900, LDG decreased 4.6% to VND2,090 and DXS decreased 2% to VND5,830.

The banking group was quite clearly differentiated when, on the contrary, VCB increased by 0.76% to 92,700 VND, thereby becoming the market's support in today's session. TCB ranked next with an increase of 1.01% to 24,900 VND, TPB increased by 2.34% to 17,500 VND, EIB increased by 1.59% to 19,200 VND and BID increased by 0.2% to 49,800 VND.

Oil and gas stocks went against the market trend when most of them closed in the green. Specifically, PSH was the only code that increased to the maximum limit, up to 4,810 VND and ended the session without any sellers. Next, PLX increased by 1% to 44,950 VND, PVT increased by 0.7% to 28,300 VND and PVD increased by 0.5% to 27,550 VND.

Market liquidity today reached VND17,747 billion, down VND4,145 billion compared to the previous session. This value came from more than 771 million shares changed hands, down 211 million shares compared to yesterday's session. The VN30 basket contributed a trading volume of more than 318 million shares and liquidity of approximately VND9,010 billion.

Domestic investors focused on buying bank stocks when VPB topped the matched value with over VND742 billion (equivalent to 37.6 million shares). The next positions were TCB with over VND700 billion (equivalent to 28.2 million shares) and TPB with over VND572 billion (equivalent to 33.1 million shares).

Foreign investors maintained their net buying status for the second consecutive session. Specifically, foreign investors disbursed nearly VND1,360 billion to buy 38.8 million shares, while only selling 37.9 million shares, equivalent to VND1,105 billion. The net buying value accordingly reached VND254 billion.

Foreign investors strongly bought TCB with a net value of VND259 billion. PNJ ranked next in terms of attracting foreign cash flow with a net purchase value of nearly VND161 billion. Meanwhile, foreign investors strongly sold VPB shares with a net value of VND74.3 billion, HDB VND61.6 billion and CTG VND47.8 billion.

Source: https://baodautu.vn/vn-index-mat-hon-4-diem-co-phieu-dau-khi-loi-nguoc-dong-d226422.html