Stocks go against the tide

Trading below reference from late morning, cash flow unexpectedly poured in at the end of the day, helping VN-Index close the session up more than 6 points, ending a streak of 4 consecutive sessions of decline.

At the opening of today's session, the HoSE representative index tended to increase. However, the VN-Index soon fluctuated, sometimes falling below the reference level, then rising again but within a narrow range. Late in the morning, selling pressure appeared, causing the index to fall below the reference level.

The red color continued into the afternoon session. At around 2 p.m., buying and selling forces were in a strong tug-of-war, then investors suddenly gathered in individual stocks with strong cash flow, causing the index to increase rapidly. At the end of the session, the VN-Index reached more than 1,111.7 points, gradually regaining the level of the previous weekend.

On the HoSE floor, 298 stocks increased, more than double the number of stocks that decreased. According to statistics from Vietcombank Securities Company (VCBS), active buying liquidity accounted for 65% of the market, showing that bottom-fishing cash flow is gradually returning.

Leading the market in terms of liquidity and scores are the financial, industrial, real estate and raw materials groups. According to VNDirect, the top 10 stocks today are mostly real estate companies, led by CII, followed by EVG, NTL, LDG, HHV.

The real estate market is covered in green. This sector has three stocks with double-digit price increases (LAI, E29 and BVL) and four stocks reaching the purple ceiling (LDG, NTL, CII, ITC), but most of them have low liquidity. CII stock alone attracted cash flow of more than VND434 billion, the third highest on the HoSE floor with a market price increase of 6.9%. Many large stocks in the sector also increased strongly such as KBC, DXG, PDR, NVL.

The securities industry today holds two stocks with the highest liquidity in the market. VND recorded nearly 570 billion VND in transaction value, with a market price increase of 2.1%. Meanwhile, SSI had liquidity of nearly 488 billion VND, with a market price increase of 1.2%. Most stocks in this industry group accumulated more market value compared to the reference.

Liquidity on the Ho Chi Minh City Stock Exchange today slightly decreased to over VND13,600 billion. This is the lowest level since May 26. Foreign investors continued to net sell with a margin of over VND400 billion. VNM, SSI and VCB are the three stocks that recorded the most selling by foreign investors.

Siddhartha

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