SGGPO 08/22/2023 16:25

Despite foreign investors having a record net selling session of 728 billion VND on the HOSE floor, the VN-Index still had a "turnaround" of more than 30 points compared to the lowest level of the session and closed the session in green.

VN-Index reversed and recovered 30 points during the session.

The Vietnamese stock market opened the trading session on August 22 with investors being quite cautious because today (afternoon session), a large amount of bottom-fishing stocks from the shocking drop last weekend before the August 8 session were back in their accounts. However, as time went on, the selling pressure grew, so the VN-Index at one point dropped 30 points, close to 1,150 points.

In the afternoon session, the bottom-fishing stocks returned to the account but there was no sell-off scene, but the bottom-fishing force in the market increased well, causing the VN-Index to quickly "turn around", recovering more than 30 points from the lowest price.

In particular, the group of securities stocks showed strength when a series of stocks increased such as: SSI increased by 6.41%, VND increased by 2.69%, HCM increased by 2.46%, VCI increased by 5.2%, FTS increased by 2.8%, BSI increased by 3.17%, VDS increased by 4.58%, CTS increased by 3.73%...

Although there was differentiation in the banking group, it also leaned more towards green. Specifically: TCB increased by 1.07%, STB increased by 1.1%, HDB increased by 1.23%, LPB increased by 1.99%, EIB increased by 2.39%, SSB increased by 6.02%...

Meanwhile, some large-cap stocks decreased, such as VCB down 1.56%, CTG down 1.41%, VPB down less than 1%... Similarly, the real estate stock group also had clear differentiation.

Large-cap stocks decreased such as: VIC decreased by 1.98%, VHM and VRE decreased by nearly 1%, BCM decreased by 1.3%... while many other stocks increased well such as: TCH increased to the ceiling price, KBC increased by 4.67%, CII increased by 2%, HDC increased by 2.16%, CRE increased by 2.17%...

Closing the trading session, VN-Index increased by 0.73 points (0.06%) to 1,180.49 points with 220 stocks increasing, 250 stocks decreasing and 51 stocks remaining unchanged.

At the close of the session on the Hanoi Stock Exchange, the HNX-Index also increased by 1.68 points (0.71%) to 239.65 points with 87 stocks increasing, 79 stocks decreasing and 81 stocks remaining unchanged. Liquidity remained high with a total market transaction value of nearly VND25,600 billion.

While the cash flow from domestic investors to catch the bottom is quite good, foreign investors have a record net sale of nearly 728 billion VND on the HOSE floor.