Market Pulse 19/02: Foreign Investors Sell Off, VN-Index Narrowing Its Upward Momentum

At the end of the morning session, the upward momentum gradually narrowed along with continuous net selling by foreign investors in recent times. This indicates that investors are still trading cautiously. The key indices moved in opposite directions; the VN-Index increased by 4.42 points, reaching 1,214.12 points; the HNX-Index decreased by 0.4 points, falling to 232.64 points. Temporarily, the number of declining stocks outnumbered the number of advancing stocks with 301 gainers and 354 decliners.

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The trading volume of VN-Index recorded in the morning session reached over 517 million units, with a value of over 12 trillion dong. HNX-Index recorded a trading volume of over 46 million units, with a trading value of over 882 billion dong.

Most of the positive growth sectors have narrowed at the end of the morning session. An example is the plastics-chemical group, although it started strong but then couldn’t sustain and lost its leading position. Instead, the real estate and utility sectors took turns contributing positively to the index’s upward trend.

Specifically, the stocks that contributed positively to the growth of the real estate sector come from the Vingroup stocks, all showing good performance such as VHM increased by 3.16%, VIC increased by 5.8%, and VRE increased by 5.33%.

On the other hand, the utility sector is among the top performing sectors in the morning session. In which, notable stocks such as GAS (+3%), POW (+2.61%), VSH (+1.05%), NT2 (+1.74%), DTK (+1.8%), TBC (+2.11%)… all achieved good growth.

In contrast, the banking sector has not shown much positive growth since the start of the session. Stocks like CTG, VPB, MBB, ACB, LPB all decreased. The remaining stocks in the group such as VCB, BID, HDB, SSB, VIB, TPB also did not show much positive growth.

At the end of the morning session, major sectors such as securities, banks, construction materials, rubber, electrical equipment… recorded sluggish trading.

10:40 AM: Tending to rise

Investor sentiment still remains skeptical about the short-term prospects of the market, which keeps the main indexes fluctuating around the reference level. However, the buying side is still temporarily in the lead. As of 10:30 AM, VN-Index increased by over 5 points, trading around 1,215 points. HNX-Index decreased by 0.15 points, trading around 232 points.

The stocks in the VN30 basket have a fairly balanced rise and fall. Specifically, VIC, VHM, VNM, and MSN contributed 2.63 points, 1.41 points, 1.36 points, and 1.29 points to the overall index. On the contrary, banking stocks such as ACB, VPB, MBB, HDB, and CTG are facing selling pressure, but the decrease is not too strong, while contributing to a decrease of over 2 points from the index.

Source: VietstockFinance

The real estate sector is showing quite impressive growth in the market. In particular, CCL stands out with the ceiling increase, VHM increased by 2.81%, VIC increased by 5.12%, and VRE increased by 3.33%… On the other hand, there are still a significant number of stocks standing at the same price or experiencing a slight decrease.

The insurance sector is also attracting attention with BVH increased by 0.82%, BMI increased by 2.43%, BIC increased by 0.69%, PRE increased by 5.56%, and VNR increased by 0.42%. The remaining stocks in this sector are standing at the same price including MIG, PGI, PTI, and PVI.

Meanwhile, the banking sector is having negative developments with large-cap stocks decreasing slightly such as BID decreased by 0.51%, CTG decreased by 1.28%, VPB decreased by 0.76%, and ACB decreased by 0.18%…

The market breadth is leaning towards the buying side, with more than 320 stocks increasing, higher than the number of stocks decreasing.

Source: VietstockFinance

The total trading volume on all 3 exchanges reached over 519 million units, equivalent to over 11.7 trillion dong. In addition, foreign investors returned with net buying of more than 1.471 trillion dong, mostly focused on BHI and stocks like VHM, VIC, MSN.

Source: VietstockFinance

Market opening: Plastic-chemical stocks lead

At the opening of the morning session on February 19, as of 9:30 AM, VN-Index recorded positive growth, reaching 1,214 points. HNX-Index slightly increased to 233 points. Particularly, the plastics-chemical group made strong contributions to the index’s upward trend with a 2.5% increase.

In which, stocks in the chemical group started strong, leading the good growth of the group at the beginning of the session such as GVR increased strongly by 4.88%, PHR increased by 3.44%, ABS increased by 1.52%, LAS increased by 5.62%, and SFG increased by 5.8%,…

The wholesale group also made significant contributions as all stocks showed green such as PLX increased by 1.27%, VFG increased by 3.63%, and PET increased by 0.59%.

Besides the two aforementioned groups, many Large Cap stocks are showing positive developments. GVR, VNM, GAS, POW, VRE, MSN, VIC also contributed to the index.

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SOURCEvietstock
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