Stock market on August 13: Large stocks diverge strongly, foreign investors net buy for the third consecutive session
The differentiation in the stock market took place strongly in the session of August 13. Some industry groups such as steel, securities, etc. fluctuated in a negative direction. The number of stocks decreasing in price was overwhelming. Meanwhile, VCB was the locomotive pulling the VN-Index up.
Red dominated many stock sectors at the beginning of the trading session on August 13. This pushed the indices back below the reference level. However, the divergence was strong among large-cap stocks, causing the indices to fluctuate in the following period. Trading was more negative in the second half of the morning session, selling pressure increased while demand was weak, causing the market's decline to be stronger.
The market's fluctuation range was wider in the afternoon session. However, unlike the morning trading session, the market received good support from demand in the late afternoon, helping the VN-Index close in the green.
In the large-cap group, VCB unexpectedly increased sharply by 1.9% to VND89,500/share and was the key factor supporting the general market, VCB contributed more than 2.3 points to the VN-Index. VNM also increased by 1.1% and contributed 0.41 points. Some stocks such as NAB, HDB, HVN, VJC, CTG... also made positive contributions to the VN-Index in today's session.
In the opposite direction, HPG fell sharply by 1.74% to VND 25,400/share and put the most pressure on the VN-Index when it took away 0.7 points from the index. Not only HPG, widespread selling pressure caused many steel stocks to perform negatively. In particular, TVN decreased by 2%, NKG decreased by 1.9%, HSG decreased by 1.7%... The steel group is being affected by the information that the EU initiated an anti-dumping investigation on hot-rolled steel from Vietnam. According to information from the Department of Trade Remedies (Ministry of Industry and Trade), on August 8, 2024, the European Commission (EC) issued a Notice of initiation of an anti-dumping investigation on some hot-rolled steel products originating from Egypt, India, Japan and Vietnam, imported into the European Union (EU).
Securities stocks also had a bad trading session. FTS fell 1.8%, VND fell 2.3%, AGR fell 1.44%. VND is being affected by some information related to the Ministry of Public Security requesting EVN to provide documents of 32 wind and solar power plants, including some plants belonging to Trung Nam Group.
Also on the list above, some factories are owned by Gia Lai Electricity (GEG), REE or Fecon (FCN). At the end of the session, GEG hit the floor to VND13,150/share, REE fell 1.6% to VND67,800/share, FCN fell 1.2% to VND12,350/share.
Meanwhile, fertilizer and chemical stocks recorded many positive signs and were the bright spots of the market. CSV hit the ceiling price of VND42,500/share. In addition, DDV increased by 2.86% to VND18,000/share, DHB increased by 2.25% to VND9,100/share.
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Vietcombank shares contributed 2.31 points of increase in the session on August 13. |
At the end of the trading session, VN-Index increased by 0.14 points (0.01%) to 1,230.42 points. The entire floor had 162 stocks increasing, 234 stocks decreasing and 88 stocks remaining unchanged. HNX-Index decreased by 0.59 points (-0.26%) to 230.18 points. The entire floor had 72 stocks increasing, 88 stocks decreasing and 58 stocks remaining unchanged. UPCoM-Index decreased by 0.21 points (-0.23%) to 92.79 points.
Total trading volume reached over 539 million shares, equivalent to yesterday's level, with a trading value of VND13,081 billion, of which the negotiated trading value was VND1,425 billion. Trading values on HNX and UPCoM reached VND958 billion and VND674 billion, respectively. HPG had the strongest matching order in the market with 26.2 million shares. VIX and PDR matched orders of 15 million shares and 14.5 million shares, respectively.
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Foreign investors extend net buying for third consecutive session |
Foreign investors net bought 323 billion VND on HoSE. This was the third consecutive net buying session. HDBank (HDB) shares were net bought the most with 380 billion VND, but mainly through agreements. At the same time, VNM and FPT were net bought with 152 billion VND and 77 billion VND respectively. On the contrary, HPG - the stock with the highest liquidity in the session was also the stock code that foreign investors net sold the most with 234 billion VND. Similarly, Techcombank (TCB) shares were net sold with 75 billion VND.
Source: https://baodautu.vn/chung-khoan-ngay-138-co-phieu-lon-phan-hoa-manh-khoi-ngoai-mua-rong-phien-thu-3-lien-tiep-d222323.html
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