Foreign investors return to sell, stocks slow down recovery

SGGPO 09/28/2023 16:22

Although the VN-Index closed the session with a significant decrease compared to the highest decrease of more than 16 points during the session, it was still considered an unsuccessful recovery session.

VN-Index failed to recover in trading session on September 28

The Vietnamese stock market fluctuated strongly on September 28, as selling pressure remained high after a fairly good recovery session in the previous session. Investors' sentiment remained cautious, causing liquidity to continue to decline sharply.

Notably, after the previous 3 net buying sessions, foreign investors returned to sell off their stocks with a total net selling value on the HOSE floor of nearly 509 billion VND, contributing to putting pressure on the market's recovery.

There was a strong differentiation within the major stock groups in the market. Real estate stocks were also differentiated, but the number of stocks that decreased was greater. The three Vingroups all decreased with VHM down 1.33%, VRE down 2.49%, and VIC down 0.44%.

Similarly, the group of banking stocks had TCB increase by 3.22%, LPB increase by 2.64%, TPB increase by 1.4% but SSB decrease by 4.76%, EIB decrease by 3.86%, STB decrease by 3.3%...

In particular, the majority of energy and retail stocks increased positively. Of which, oil and gas stocks had POS increasing by 12.9%, BSR increasing by 6.16%, PTV increasing by 5.68%, PVS increasing by 5.61%, OIL increasing by 4.85%, PVC increasing by 4.65%, PVD increasing by 3.77%, PLX increasing by 3.28%, GAS also increasing by 2.92%. The retail group had MWG increasing by 1.92%, FRT increasing by 0.24%...

At the end of the trading session, VN-Index decreased by 1.42 points to 1,152.43 points (0.12%) with 211 stocks increasing in price, 282 stocks decreasing in price and 59 stocks remaining unchanged. At the end of the session on the Hanoi Stock Exchange, HNX-Index also decreased by 1.34 points (0.57%) with 91 stocks decreasing, 80 stocks increasing and 73 stocks remaining unchanged. Liquidity decreased sharply with the total trading value in the whole market only nearly 18,300 billion VND, of which liquidity on the HOSE floor was about 15,900 billion VND.

Source: https://www.sggp.org.vn/khoi-ngoai-quay-lai-xa-hang-chung-khoan-chung-nhip-phuc-hoi-post707500.html