The index representing the Ho Chi Minh City Stock Exchange lost more than 5 points compared to the session at the end of last week, down to nearly 1,280 points due to selling pressure from foreign investors.
According to some experts, with the market's solid growth structure, any market corrections, if any, will not be large, and the short-term support level of the VN-Index is around 1,270 points.
The expert group recommends disbursement in the securities, banking, real estate and steel sectors. These are groups that are highly correlated with the market in the context of improved market liquidity.
VN-Index opened the first session of the week (August 26) in green. However, this development did not last long as selling pressure increased from mid-morning. The index representing the Ho Chi Minh City Stock Exchange fell to the reference level at one point but quickly regained green as cash flow took advantage of the disbursement at low prices.
From mid-afternoon, the market shifted to a tug-of-war state with alternating increases and decreases due to strong selling by foreign investors. VN-Index closed at 1,280.02 points, down 5.3 points compared to the session at the end of last week.
The selling side dominated as 259 stocks fell, while only 148 stocks closed above the reference. The large-cap basket also recorded a similar situation with 21 stocks falling, while only 6 stocks closed in the green.
The food group led the decline when two pillar stocks, VNM and MSN, topped the list of 10 stocks with the most negative impact on the VN-Index. Specifically, VNM decreased by 2% to VND73,400, MSN decreased by 2.18% to VND76,200. The banking group also had 3 representatives in the above list. Specifically, VCB decreased by 0.43% to VND92,000, CTG decreased by 1% to VND34,600 and BID decreased by 0.59% to VND50,200.
Most stocks in the oil and gas group also fell into negative territory. Of which, DGC fell 1.7% to VND111,000, POW and PVD both fell 1.1% to VND13,400 and VND27,600, respectively.
Similarly, the fertilizer group also put great pressure on the market. Specifically, BFC decreased by 2.4% to VND43,900, DPM decreased by 2.2% to VND34,900 and DCM decreased by 1.9% to VND36,800.
On the other hand, 3 Vingroup stocks played a supporting role for the market in today's session. Specifically, VHM led the ranking of stocks with the most positive impact on the VN-Index when it increased by 1.89% to 40,500 VND. Next was VIC, which increased by 1.44% to 42,150 VND, and VRE, which increased by 1.79% to 19,850 VND. VCF was the only stock that increased by the full margin in the list of positive contributions, to 233,200 VND after the board of directors announced a dividend payment for 2023 at a rate of 250%.
Market liquidity today reached VND18,302 billion, an increase of VND1,466 billion compared to the previous session. This value came from more than 775 million shares changed hands, an increase of 52 million units compared to the session at the end of last week. The VN30 basket contributed to the trading value of more than VND8,531 billion, equivalent to 276 million shares successfully matched.
VPB ranked first in terms of order matching value, reaching over VND756 billion (equivalent to 39.6 million shares). Next in line were two codes from the securities group, including SSI with approximately VND673 billion (equivalent to 19.8 million shares) and HCM with over VND670 billion (equivalent to 22.8 million shares).
Foreign investors had a net selling streak for the fourth consecutive session. Specifically, this group sold nearly 65 million shares, equivalent to a transaction value of VND1,778 billion, while only disbursing about VND1,389 billion to buy nearly 41 million shares. The net selling value accordingly reached VND389 billion.
On the Ho Chi Minh City Stock Exchange, foreign investors focused on selling steel stocks with HPG netting around VND149 billion, followed by HSG with over VND72 billion. In contrast, foreign investors' cash flow focused on the securities group when HCM net absorbed over VND66 billion and VCI over VND57 billion.
Source: https://baodautu.vn/vn-index-mat-hon-5-diem-phien-dau-tuan-xuong-sat-1280-diem-d223315.html
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