Foreign investors sell off stocks heavily before Tet

VN-Index increased as soon as it opened, reaching nearly 1,191 points after only 20 minutes, or nearly 5 points. However, profit-taking pressure gradually appeared, causing the index to decrease and almost move sideways throughout the morning. In the early afternoon, more red appeared, pulling the representative index of HoSE floor below the reference. However, the positive performance of the VN30 basket immediately helped the VN-Index go up.

After the shake, VN-Index closed at 1,188.5 points, accumulating more than 2.4 points compared to yesterday. The tug-of-war was evident when the number of stocks increasing and decreasing in price was not too different, reaching 244 and 212 respectively.

The index increased but liquidity continued to decline. The total transaction value on the HoSE floor today reached more than 14,600 billion, down about 4,600 billion VND.

The market recorded another negative indicator when foreign investors sold the most in a month, about 410 billion VND. This was the second strongest selling session since the beginning of the year. Foreign investors focused on selling off stocks such as SHS, VHM, GEX, HPG, and VCB.

Overall, the market did not record any leading sector. The VN-Index's score was contributed by stocks from many different groups, including banking, securities, real estate and chemicals.

Compared to the general level, the banking sector's board is much more positive. CTG accumulated 1.5% and became the stock that contributed the most to the general index. In addition, this sector also has HDB which also increased by 1.5% and many stocks closed in green such as STB,VIB , VPB, MBB.

Siddhartha