The VN-Index experienced a cautious trading session, resulting in a narrow range-bound movement. The index closed slightly lower, down 0.06 points to 1,230. Liquidity remained subdued, with the trading value on HOSE reaching just over 13 trillion VND. Foreign investors provided a boost, with net buying of nearly 653 trillion VND across the market.
Foreign investors net bought 664 trillion VND on the HOSE.
In terms of buying activity, foreign investors purchased over 8.4 million KDC shares in a block deal, valued at 461 trillion VND. This was followed by MSN and HDB, with net buying of 219 trillion VND and 198 trillion VND, respectively. Additionally, they net bought TCH and FPT, with values of 51 trillion VND and 46 trillion VND, respectively.
On the other hand, HPG faced the strongest selling pressure from foreign investors, with net selling of nearly 94 trillion VND. VHM and FRT also witnessed net selling of 46 trillion VND and 44 trillion VND, respectively.
On the HNX, foreign investors net sold 8 trillion VND
PVS saw the strongest net buying from foreign investors on the HNX, with a value of 14 trillion VND. NTP followed closely, with net buying of 7 trillion VND. Additionally, they net bought a few trillion VND worth of BCC, VGS, and HUT.
On the opposite side, TNG faced net selling pressure of nearly 8 trillion VND from foreign investors. MBS, IDC, and BVS also witnessed net selling of a few trillion VND each.
On the UPCOM, foreign investors net sold 3 trillion VND
Conversely, QNS faced net selling of nearly 14 trillion VND from foreign investors. They also net sold MCH, QTP, and other stocks.
Investing in a volatile market: Should beginners consider putting money into high-yield bonds for 10-30% yearly profit?
Short-term stock market trading has proven to be a risky venture for many investors, leading to substantial losses. However, there are a few select open funds that have managed to achieve impressive returns, reaching up to 30%.
Bank stocks sold off heavily
Today (2/2), the VN-Index continues to rise, but in a cautious trading atmosphere. It is noteworthy that most banking stocks in the VN30 basket are facing strong selling pressure.
