VN-Index increased for the third session despite foreign investors net selling more than 300 billion VND

The Ho Chi Minh City Stock Exchange fell into a state of "green skin, red heart" when the VN-Index increased by nearly 1 point compared to the reference, but the number of stocks decreasing overwhelmed the increasing stocks and foreign investors returned to net selling more than 300 billion VND.

The Ho Chi Minh City Stock Exchange fell into a state of "green skin, red heart" when the VN-Index increased by nearly 1 point compared to the reference, but the number of stocks decreasing overwhelmed the increasing stocks and foreign investors returned to net selling more than 300 billion VND.

After a strong increase at the end of last month, some experts maintain their expectation that the market will continue to increase in the coming sessions with slow movements in the short term. In fact, investors actively bought in the morning session of December 2, helping the VN-Index maintain green throughout the morning session.

However, from the second half of the afternoon session, the electronic board turned red when selling pressure increased and showed signs of overwhelming the buying side. Before closing time, cash flow disbursed at low prices appeared, helping the index regain its upward momentum. VN-Index closed the first session of December 2024 at 1,251.21 points, up 0.75 points compared to the reference.

The market extended its upward trend for the third consecutive session, but the signal of a sustainable upward trend was not very clear due to the "green skin, red heart" state. Specifically, the VN-Index increased, but the number of stocks falling below the reference was overwhelming the increasing stocks, with 221 stocks and 147 stocks, respectively. The large-cap basket agreed when the general index fell 2.43 points to 1,308.83 points, the market breadth tilted towards the decrease with 17 stocks falling below the reference and only 9 stocks closing in the green.

Foreign investors returned to net selling after a series of positive disbursements. Specifically, this group sold nearly 47.6 million shares today, equivalent to VND1,821 billion, while only disbursing VND1,516 billion to collect 40.5 million shares. The net selling value of foreign investors accordingly reached VND305 billion.

Foreign investors sold FPT heavily with a net value of VND164 billion. Next on the list of stocks that were sold off fiercely were ACV with more than VND106 billion, VRE with more than VND67 billion and KDH with approximately VND50 billion. On the other hand, foreign investors actively disbursed into CTG with a net purchase value of nearly VND58 billion, followed by PNJ with more than VND52 billion, TCB with more than VND48 billion and LPB with about VND39 billion.

Market liquidity today reached VND11,965 billion, down VND1,532 billion compared to the previous session. Trading volume decreased slightly by 6 million units, reaching 497 million shares. The VN30 basket contributed more than 152 million shares in trading volume and the matched value reached approximately VND5,198 billion.

FPT ranked first in market liquidity with a trading value of more than VND949 billion (equivalent to more than 6.6 million shares), far exceeding the following stocks: HPG by about VND501 billion (equivalent to 18.6 million shares), LPB by nearly VND231 billion (equivalent to 6.9 million shares) and MSN by more than VND198 billion (equivalent to 2.7 million shares).

VCB gained 0.96% from the reference price to VND94,200 and became the main driving force for the market. Other pillar stocks in the banking group also appeared in the list of stocks with the most positive impact on the VN-Index. Specifically, LPB increased by 3.1% to VND33,250, CTG increased by 0.28% to VND35,850 and VPB increased by 0.26% to VND19,200.

Fertilizer stocks also recorded a series of increases. Of which, DPM increased by 0.8% to VND35,650, BFC increased by 0.5% to VND38,600 and DCM increased by 0.4% to VND37,050.

Industrial real estate groups shared the excitement with the market when most of them closed above the reference. Specifically, SIP accumulated 4.6% to VND82,200, VGC increased 1.9% to VND43,000, KBC increased 0.7% to VND27,950 and TIP increased 0.5% to VND22,050.

On the other hand, pressure from selling off from domestic and foreign investors caused FPT to decrease by 0.77% to VND142,200, taking away nearly 0.4 points from the VN-Index and becoming the main factor holding back the market's growth in today's session.

The oil and gas group also recorded a negative status when the pillar stocks GAS and PLX were on the list of stocks with the most negative impact on the VN-Index. Specifically, GAS lost 0.57% to 69,200 VND and PLX lost 0.62% to 39,750 VND.

Source: https://baodautu.vn/vn-index-tang-phien-thu-ba-du-khoi-ngoai-ban-rong-hon-300-ty-dong-d231502.html