Stocks adjust after peak session

SGGPO September 7, 2023 16:52

Although there was a time when it increased by nearly 10 points, the VN-Index closed in the red, ending the previous 5 consecutive sessions of increase due to profit-taking pressure from investors. Of which, foreign investors net sold nearly 888 billion VND on the HOSE floor.

The market turned down after 5 consecutive previous sessions of increase.

After the previous session of setting a new peak in 2023, the Vietnamese stock market continued to be excited on the opening session of September 7, so the VN-Index continued to increase strongly by nearly 10 points. By the end of the morning session of September 7, the VN-Index turned around and fell sharply until the end of the session, due to the large selling pressure.

Although the market fell across the board, real estate stocks still leaned towards green. Among them, many stocks increased quite well such as: DXS and DPG hit the ceiling, DXG increased by 2.7%, BCG increased by 4.74%, DRH increased by 2.3%, HDG increased by 2.6%, QCG increased by 6.3%... The remaining main stock groups such as securities, banks... although there was differentiation, most of them still leaned towards red and all turned down.

In particular, many securities stocks decreased by more than 1% such as SSI decreased by 1.03%, VCI decreased by 1.68%, HCM decreased by 1.5%, ORS decreased by 1.2%, VIX and SHS decreased by 1%... In addition, contributing to the sharp decrease of VN-Index from an increase of nearly 10 points in the morning session and closing the session down by nearly 3 points were the participation of Blue-chip stocks such as: VHM decreased by 1.43%, VIC decreased by 1.3%, HPG decreased by 1.21%, SSB decreased by 1.26%,FPT decreased by 1.11%...

At the end of the trading session, VN-Index decreased by 2.36 points (0.19%) to 1,243.14 points with 268 stocks decreasing, 223 stocks increasing and 83 stocks remaining unchanged. At the end of the session at Hanoi Stock Exchange, HNX-Index increased slightly by 0.78 points (0.31%) to 256.14 points with 93 stocks increasing, 95 stocks decreasing and 70 stocks remaining unchanged.

Liquidity remained high with total trading value across the market reaching nearly VND28,100 billion. The HOSE floor alone maintained liquidity exceeding USD1 billion, at VND24,800 billion. Foreign investors continued to net sell for the third consecutive session, reaching nearly VND888 billion on the HOSE floor.

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