VN-Index closes to 1,200 points, foreign investors continue to sell off

ANTD.VN - With a deep drop of nearly 12 points today, the VN-Index has gradually drifted towards the 1,200 point mark. Foreign investors have not stopped net selling.

The stock market continued its series of negative trading sessions when the indices only maintained green for the first few minutes of the session, then quickly sank into red.

With the continuous downward trend, limited liquidity and foreign investors continuously net selling, demand is increasingly cautious and not confident enough to catch the bottom, causing the indices to continuously fail in their recovery efforts.

At the end of the morning session, VN-Index decreased by 1.52 points (-0.12%), down to 1,215.6 points. On the floor, there were rare stocks supporting the market with 2 names VHM and PLX with an increase of around 3%. On the other hand, QCG of Quoc Cuong Gia Lai was sold heavily, hitting the floor.

HNX-Index also decreased by 1.05 points (-0.48%) this morning to 220.73 points. UpCoM-Index decreased by 1 point (-1.1%) to 90.63 points.

Liquidity on the 3 floors in the morning session was less than 6,000 billion VND in matched orders, continuing to weaken compared to yesterday morning.

Stock market continues series of negative trading sessions

In the afternoon session, selling pressure increased sharply towards the end of the session, causing a series of stocks to change color.

The group of large stocks, VN30 basket closed today with 22 codes down. Of which,

BCM fell the most with a decrease of 4.48%. FPT fell nearly 3% but was the stock that had the most negative impact on the market. In addition, GVR, MWG, STB, and SSI all fell by around 2%.

On the other hand, VHM increased by 3.34%, making the most positive contribution to the market. This was also the most actively traded stock with nearly 26.5 million units matched. The remaining stocks increased by no more than 2%.

At the end of the session, VN-Index decreased by 11.97 points (-0.98%) to 1,205.15 points. On the HOSE floor, there were 287 stocks decreasing, 83 stocks increasing and 55 stocks remaining unchanged.

HNX-Index also widened its decline by 2.11 points (-0.95%) to 219.68 points;

UPCoM-Index decreased 1.34 points (-1.46%) to 90.30 points.

Market liquidity continues to be limited with less than 15,000 billion VND matched orders on 5 floors.

Foreign investors had another session of strong net selling of more than 1,465 billion VND, of which on HOSE they net sold more than 1,658 billion VND, on the contrary, they net bought 230 billion VND on UPCoM.

This is the third consecutive session that this group has net sold over 1,000 billion. In yesterday's session, November 18, foreign investors also net sold with a similar value to today's session.

Thus, if calculated in the last 10 sessions, foreign investors have net sold shares worth over VND9,000 billion; since the beginning of 2024, net sales have reached over VND86,000 billion on HoSE alone, a record number in more than 24 years of operation of the Vietnamese stock market.

Source: https://www.anninhthudo.vn/vn-index-ve-sat-1200-diem-khoi-ngoai-tiep-tuc-xa-hang-post595947.antd