Foreign selling pressure made a surprise comeback today, along with negative sentiment from the South Korean stock market, causing the VN-Index to plunge. The index struggled throughout the session but eventually closed deeply in the red, shedding 9.42 points to settle at 1,240. The market breadth was overwhelmingly negative, with 281 declining stocks versus 109 advancing ones.
No sector managed to stay in positive territory. Large-cap sectors, including banking, securities, and real estate, bore the brunt of the sell-off. Vin stocks lost ground across the board, with VRE, VHM, and VIC falling by 2.26%, 1.96%, and 0.99%, respectively. Other real estate stocks like NVL, NLG, IDC, and PDR also witnessed steep declines. Among banks, VCB stood out as the lone gainer, propping up the index, while BID, CTG, VPB, LPB, and TCB closed in the red. Securities firms followed suit, with VND plunging 3.64% and HCM, MBS, VCI, SSI, VIX, and SHS all losing over 1%.
The technology and telecommunications sector, usually a magnet for speculative money, also witnessed a broad sell-off. FPT and VGI fell by 1.03% and 0.97%, respectively. BID, VHM, CTG, MWG, and FPT were the top five stocks dragging down the market, responsible for a 5.34-point loss.
On the institutional side, foreign investors offloaded Vietnamese stocks, with a net sell value of 711.5 billion VND for the day. Their net sell value for matched orders alone stood at 649.9 billion VND. On the buying side, they focused on the Industrial & Business Services, Construction & Materials, and Food & Beverage sectors. HAH, MSN, TCB, KBC, VPB, SIP, DPM, VPI, SAB, and FUEVFVND were among their top buys. Conversely, they net sold Retail stocks, with MWG, FPT, VRE, VNM, NLG, CMG, HSG, HDB, and VHM being their top sells.
Retail investors, on the other hand, net bought Vietnamese stocks, with a net purchase value of 917.1 billion VND. Their net buy value for matched orders was 831.2 billion VND. These investors net bought 13 out of 18 sectors, primarily focusing on Retail stocks. Their top buys included MWG, VRE, VNM, VHM, NLG, BID, HDB, HSG, HCM, and MBB. On the selling side, they offloaded stocks in 5 out of 18 sectors, mainly in the Industrial & Business Services, Construction & Materials, and Food & Beverage sectors. Their top sells were HAH, KBC, MSN, CTR, VPB, VHC, KDH, SAB, and TCH.
Proprietary traders net sold Vietnamese stocks, with a net sell value of 394.4 billion VND. For matched orders alone, they net sold 347.6 billion VND worth of shares. These traders net bought only one sector, Automobiles & Parts, and Media & Publishing. Their top buys for the day included SBT, CTG, FRT, DCM, NT2, VHC, HT1, DRC, VPI, and FTS. On the other hand, they net sold stocks in the Banking sector, with FPT, VHM, HPG, MBB, VPB, VTP, VCB, BMP, TCB, and MWG being their top sells.
Local institutions, meanwhile, net bought Vietnamese stocks, with a net purchase value of 129.6 billion VND. Their net buy value for matched orders stood at 166.3 billion VND. These institutions net sold 10 out of 18 sectors, primarily Financial Services stocks. Their top sells included MSN, TCB, HCM, BID, MBB, GVR, CII, HAH, SSI, and MWG. Conversely, they net bought Information Technology stocks, with FPT, VCB, HPG, VCI, KDH, CTR, ACB, VIB, KBC, and VHC being their top buys.
Block trades today amounted to 2,312.9 billion VND, a decrease of 46.9% from the previous session, contributing 14.7% to the total trading value.
Notably, there was a block trade in VHM, with over 10.6 million shares worth 434.4 billion VND changing hands between individual investors.
Individual investors also participated in block trades involving stocks in the Banking sector (LPB, EIB, HDB, STB), large-cap stocks (FPT, VIC), and EVF.
In terms of sector allocation, there was an increase in fund flows into Real Estate, Securities, Chemicals, Food & Beverage, Retail, Software & IT Services, and Warehousing & Logistics. Conversely, fund outflows were observed in Banking, Construction, Oil & Gas Equipment & Services, Water Transport, and Air Transport sectors.
Specifically, for matched orders, there was an increase in fund allocation to mid-cap stocks (VNMID) and a decrease in allocation to large-cap (VN30) and small-cap (VNSML) stocks.
