TPBank and ORS stocks are under strong selling pressure, liquidity is suddenly high

TPBank 's TPB shares are under strong selling pressure. With nearly 65 million units 'changing hands' in just this morning's session (March 20), shares of the bank chaired by Mr. Do Minh Phu have the highest liquidity in the market.

VN-Index faces correction pressure - Photo: QUANG DINH

VN-Index falls after a series of positive increases

Closing this morning's trading session, VN-Index lost nearly 7 points, down to 1,318 points. Most industry groups are under pressure to correct.

In particular, in the banking and securities group, the notable developments are the shares TPB of TPBank and ORS of Tien Phong Securities.

TPB lost nearly 5% of its market value in more than 2 hours of trading this morning, to 15,250 VND/share with a sudden increase in liquidity.

Total TPB trading price reached nearly 65 million units in just the morning, more than 5 times the average trading volume per session in the past 3 months.

This is also the stock with the sharpest decline in the banking group this morning, accompanied by the highest trading liquidity on the floor.

Shares of the bank chaired by Mr. Do Minh Phu were also the focus of foreign investors' net selling this morning. Data shows that foreign investors continued to withdraw more than VND800 billion in net sales this morning, including net selling of VND135 billion worth of TPB shares.

Not only in today's session, a report from Fiingroup shows that TPB is also the stock with the strongest net selling by funds in February 2025.

Fiingroup said TPB was sold off heavily mainly because PYN Elite fund reduced its holdings of TPB in its portfolio from 9.6% in January to 8.7% in February 2025.

As for ORS of Tien Phong Securities, this stock also fell to the floor price this morning due to selling pressure from investors. By the end of the morning session, the remaining sell volume was nearly 1.49 million units.

ORS's trading volume also jumped to 23.5 million units, 3 times higher than the average trading volume for the entire session in the past quarter.

Adjustment pressure on many groups of stocks is difficult to avoid.

Returning to the general developments on the stock market, the negative reaction spread to many stocks on the floor. In all 3 floors, there were nearly 450 stocks that decreased in points, while only 198 stocks maintained the green line.

The total transaction value this morning reached over 11,000 billion VND. Previously, when talking to Tuoi Tre Online , many experts predicted the possibility of a correction in the market after 8 consecutive sessions of increase.

Mr. Do Bao Ngoc, deputy general director of Vietnam Construction Securities, said profit-taking pressure increased after a long period of increase.

However, compared with the general developments of many world financial markets, Vietnamese stocks are still relatively positive.

"The risk of correction to the 1,300 mark or even lower may occur when large groups of stocks adjust. But with recent stable high liquidity, if there is a correction, it will be an opportunity for new cash flow," said Mr. Ngoc.

Regarding important upcoming information, Mr. Ngoc said the market is waiting for FTSE Russell's mid-term review in early April and first quarter business results (from April 20).

With negative factors, exchange rates or the tariff story from the Trump administration are not new issues. In general, this period is quite lacking in information so the accumulation pause is also reasonable.

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Source: https://tuoitre.vn/co-phieu-tpbank-ors-chiu-ap-luc-ban-manh-thanh-khoan-cao-dot-bien-20250320122836127.htm