VN-Index increased slightly at the end of the week, surpassing the 1,285 point mark

Despite foreign investors extending their net selling streak, VN-Index still increased by 2.54 points at the end of the week, regaining the 1,285 point mark.

Investor sentiment shifted from excitement to caution after yesterday's decline, leading to a cautious opening of the weekend, August 23. The index representing the Ho Chi Minh City Stock Exchange fell in the first minutes of the session, then regained green as cash flow took advantage of the low price zone. This development did not last long as the stock holders regained the upper hand with the selling pressure gradually increasing, causing the red color to cover the market.

However, the cash flow returned strongly in the last 30 minutes of the session, helping the VN-Index reverse from a decrease to an increase. The index closed at 1,285.32 points, accumulating 2.54 points compared to the reference.

The market fell into a state of “green skin, red heart” when the VN-Index increased but the number of stocks decreasing dominated. Specifically, the Ho Chi Minh City Stock Exchange had 212 stocks closing below the reference, while the number of stocks increasing was only 172. In contrast, the VN30 basket followed the market’s upward trend when 13 stocks closed in green and 8 stocks fell below the reference.

GVR shares accumulated 1.87% in today's session, up to 35,450 VND and became the main driving force of the market. This driving force also came from the pillar codes of many other industry groups such as food, banking, securities... Specifically, VNM of the food group increased 0.94% to 74,900 VND. CTG, BID and MBB of the banking group increased 1.01%, 0.4% and 0.61% respectively to be in the list of codes that have the most impact on the VN-Index.

Steel stocks also recorded a significant improvement in today's trading session when most of them increased by 0.3-3%. Specifically, NKG increased by 3% to VND22,150, HSG increased by 2.2% to VND21,200, HPG increased by 1.2% to VND26,050 and TLH increased by 0.3% to VND6,080.

On the other hand, some stocks in the VN30 basket were under intense selling pressure. Specifically,FPT topped the list of 10 stocks with the most negative impact on the VN-Index when it fell 0.52% to VND133,100. Next, VRE fell 1.02% to VND19,500, VHM fell 0.13% to VND39,750 and TPB fell 0.56% to VND17,900.

The trading volume for the entire session reached approximately 725 million shares, an increase of 38 million units compared to the previous session. The trading value accordingly increased by VND1,232 billion, to VND16,839 billion. The large-cap basket contributed to liquidity of more than VND7,798 billion, equivalent to 244 million shares successfully matched.

The securities group has 2 representatives in the top 3 codes in terms of liquidity at the end of the week. Specifically, HCM is the pioneer with a value of more than 599 billion VND (equivalent to 21.1 million shares) and SSI about 533 billion VND (equivalent to 16 million shares).

Foreign investors had a net selling streak for the third consecutive session. This group sold 57.4 million shares, equivalent to a transaction value of nearly VND1,623 billion while only disbursing VND1,543 billion to buy more than 43.5 million shares. The net selling value accordingly was more than VND79 billion.

On the Ho Chi Minh City Stock Exchange, foreign investors focused on selling HPG with a net value of over VND138 billion, followed by VHM with over VND56 billion and PVI with over VND46 billion. In contrast, foreign investors strongly bought FPT shares with a net value of VND122 billion. CTG ranked next on the list with a net absorption of VND61 billion, followed by STB with over VND55 billion.

Source: https://baodautu.vn/vn-index-tang-nhe-phien-cuoi-tuan-vuot-moc-1285-diem-d223137.html