Large-scale selling off as net foreign selling reaches over 600 billion VND on March 8th

Foreign selling pressure weighed on the VN-Index as it dropped by a significant 21 points.

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The market saw a sharp decline at the end of the session due to profit-taking pressure, with the VN-Index closing the session on March 8 down 21.11 points (equivalent to 1.66%) to 1,247 points. The money flow was high with a trading value of over 31,500 billion dong on HOSE.

Regarding foreign trading, they net bought 618 billion dong across the market.

On HOSE, foreigners net sold approximately 666 billion dong.

In terms of buying positions, the focus was on KDH shares with a value of 71 billion dong. Foreign investors also strongly accumulated DGW with a value of 64 billion dong in a session where this stock hit the ceiling limit. Besides, DGC and DRC were the two securities stocks that were net bought with values of 36 and 32 billion dong respectively on HOSE.

On the contrary, VNM suffered the strongest selling pressure from foreign investors with a value of 126 billion dong, and VPB, KBC were the next two stocks sold with 106 and 80 billion dong respectively.

On HNX, foreign investors net bought 49 billion dong

In terms of buying positions, IDC was the most strongly net bought with a value of 68 billion dong. Besides, SHS ranked next on the list of strong net buying on HNX with 6.5 billion dong. In addition, foreign investors also net bought DTD, VFS, BVS with not too large values.

On the other hand, MBS was the stock that suffered the most net selling pressure from foreign investors with a value of 7.5 billion dong; followed by NRC which was sold off by about 5 billion dong.

On UPCOM, foreign investors net sold 1.5 billion dong

In terms of buying positions, VGT shares were bought by foreign investors for 3 billion dong. Following that, ACV and VEA were also net bought with a few billion dong each.

On the contrary, MCH was net sold by foreign investors for about 11 billion dong; in addition, they also net sold at HU3, GDA, VTK,…