Cash flow disappears, stock market recovery fails

SGGPO 10/05/2023 16:29

After the previous recovery session, the stock market has turned around and fallen sharply again because the cash flow in the market has disappeared. In addition, foreign investors continued to dump their stocks strongly, causing the market to lose support.

Market dyed red in trading session 5-10

The Vietnamese stock market traded on October 5 with investors holding money still standing outside to observe and not daring to buy stocks. The group of pillar stocks fell sharply, putting pressure on the index. The 8 pillar stocks on the market alone, VCB, BID, CTG, GAS, VNM, MWG, PLX, HPG, fell sharply, taking away nearly 9 points from the VN-Index.

Real estate stocks continued to fall sharply with DXG, DIG, NBB hitting the floor, NVL down 5.48%, DXS down 4.48%, PDR down 3.42%, NLG down 3.31%, CII down 3.49%...

Banking stocks also fell sharply. In addition to some stocks that increased slightly such as LPB and SSB, which increased by nearly 1%, other stocks such as CTG decreased by 2.77%, VCB decreased by 2.09%, TCB decreased by 1.4%, MSB decreased by 1.45%, VIB decreased by 2.12%...

Stocks continued to fall: VND decreased by 3.93%, VCI decreased by 5.01%, HCM decreased by 2.36%, VIX decreased by 6.27%, FTS decreased by 2.84%, BSI decreased by 3.8%, CTS decreased by 4.85%.... Steel stocks also decreased sharply with NKG decreased by 3.13%, HSG decreased by 3.93%, HPG decreased by 1.39%...

After a slight net buying session the previous day, foreign investors returned to net selling nearly 724 billion VND on the HOSE floor. At the end of the trading session, the VN-Index decreased by 14.78 points (1.31%) to 1,113.89 points with 386 stocks decreasing, 103 stocks increasing and 56 stocks remaining unchanged. At the end of the session on the Hanoi Stock Exchange, the HNX-Index also decreased by 2.19 points (0.95%) to 228.01 points with 110 stocks decreasing, 69 stocks increasing and 58 stocks remaining unchanged. Liquidity continued to decrease sharply, with the total trading value in the whole market being only nearly 15,300 billion VND, of which the liquidity on the HOSE floor was only 13,000 billion VND.

Source: https://www.sggp.org.vn/dong-tien-mat-hut-chung-khoan-phuc-hoi-bat-thanh-post708523.html