VN-Index increased for the third session despite foreign investors net selling more than 300 billion VND

The Ho Chi Minh City Stock Exchange fell into a state of "green skin, red heart" when the VN-Index increased by nearly 1 point compared to the reference, but the number of stocks decreasing overwhelmed the increasing stocks and foreign investors returned to net selling more than 300 billion VND.

The Ho Chi Minh City Stock Exchange fell into a state of "green skin, red heart" when the VN-Index increased by nearly 1 point compared to the reference, but the number of stocks decreasing overwhelmed the increasing stocks and foreign investors returned to net selling more than 300 billion VND.

After a strong increase at the end of last month, some experts maintain their expectations that the market will continue to increase in the coming sessions with slow movements in the short term. In fact, investors have also actively bought in the morning session of December 2, thereby helping the VN-Index maintain green throughout the morning session.

However, from the second half of the afternoon session, the electronic board turned red when selling pressure increased and showed signs of overwhelming the buying side. Before closing time, cash flow disbursed at low prices appeared, helping the index regain its upward momentum. VN-Index closed the first session of December 2024 at 1,251.21 points, up 0.75 points compared to the reference.

The market extended its upward trend for the third consecutive session, but the signal of a sustainable upward trend was not very clear due to the "green skin, red heart" state. Specifically, the VN-Index increased, but the number of stocks falling below the reference price overwhelmed the increasing stocks, with 221 stocks and 147 stocks, respectively. The large-cap basket agreed when the general index fell 2.43 points to 1,308.83 points, the market breadth tilted to the downside with 17 stocks falling below the reference price and only 9 stocks closing in the green.

Foreign investors returned to net selling after a series of positive disbursements. Specifically, this group sold nearly 47.6 million shares today, equivalent to 1,821 billion VND, while only disbursing 1,516 billion VND to collect 40.5 million shares. The net selling value of foreign investors accordingly reached 305 billion VND.

Foreign investors soldFPT heavily with a net value of 164 billion VND. Next in the list of stocks that were sold off fiercely were ACV with more than 106 billion VND, VRE with more than 67 billion VND and KDH with approximately 50 billion VND. On the other hand, foreign investors actively disbursed into CTG with a net purchase value of nearly 58 billion VND, followed by PNJ with more than 52 billion VND, TCB with more than 48 billion VND and LPB with about 39 billion VND.

Market liquidity today reached VND11,965 billion, down VND1,532 billion compared to the previous session. Trading volume decreased slightly by 6 million units, reaching 497 million shares. VN30 basket contributed more than 152 million shares in trading volume and the matching value reached approximately VND5,198 billion.

FPT ranked first in market liquidity with a trading value of more than VND949 billion (equivalent to more than 6.6 million shares), far exceeding the following stocks: HPG by about VND501 billion (equivalent to 18.6 million shares), LPB by nearly VND231 billion (equivalent to 6.9 million shares) and MSN by more than VND198 billion (equivalent to 2.7 million shares).

VCB accumulated 0.96% compared to the reference price, up to 94,200 VND and became the main driving force for the market. Other pillar stocks in the banking group also appeared in the list of stocks with the most positive impact on the VN-Index. Specifically, LPB increased 3.1% to 33,250 VND, CTG increased 0.28% to 35,850 VND and VPB increased 0.26% to 19,200 VND.

Fertilizer stocks also recorded a series of increases. Of which, DPM increased 0.8% to 35,650 VND, BFC increased 0.5% to 38,600 VND and DCM increased 0.4% to 37,050 VND.

Industrial real estate groups shared the excitement with the market when most closed above the reference price. Specifically, SIP accumulated 4.6% to VND82,200, VGC increased 1.9% to VND43,000, KBC increased 0.7% to VND27,950 and TIP increased 0.5% to VND22,050.

On the contrary, pressure from selling off from domestic and foreign investors caused FPT to decrease by 0.77% to 142,200 VND, taking away nearly 0.4 points from VN-Index and becoming the main factor holding back the market's growth in today's session.

The oil and gas group also recorded a negative performance when pillar stocks GAS and PLX were on the list of stocks with the most negative impact on the VN-Index. Specifically, GAS lost 0.57% to VND69,200 and PLX lost 0.62% to VND39,750.

Source: https://baodautu.vn/vn-index-tang-phien-thu-ba-du-khoi-ngoai-ban-rong-hon-300-ty-dong-d231502.html