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 sharply lower, shedding 9.42 points to fall back to the 1,240-point level. The market breadth turned decidedly negative, with 281 declining stocks outweighing 109 gainers.
No sector managed to stay in positive territory. Large-cap banks, securities, and real estate stocks bore the brunt of the selling. Vin stocks lost ground across the board, with VRE down 2.26%, VHM falling 1.96%, and VIC declining by 0.99%. Other real estate names like NVL, NLG, IDC, and PDR also suffered significant losses. 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 also faced heavy selling pressure, with VND plunging 3.64% and HCM, MBS, VCI, SSI, VIX, and SHS all losing more than 1%.
The technology and telecommunications sector, usually a magnet for speculative money, witnessed a broad sell-off. FPT fell by 1.03%, and VGI declined by 0.97%. BID, VHM, CTG, MWG, and FPT were the top five stocks dragging down the market, responsible for a loss of 5.34 points.
On the institutional side, foreign investors turned net sellers, offloading a net VND 711.5 billion, with a net sell of VND 649.9 billion in the matched orders. They net bought in 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. On the other hand, they net sold Retail stocks, with MWG, FPT, VRE, VNM, NLG, CMG, HSG, HDB, and VHM being their top sells.
Individual investors were net buyers to the tune of VND 917.1 billion, with a net buy of VND 831.2 billion in the matched orders. They net bought in 13 out of 18 sectors, mainly in Retail. Their top buys included MWG, VRE, VNM, VHM, NLG, BID, HDB, HSG, HCM, and MBB. On the sell side, they net sold 5 out of 18 sectors, primarily in the Industrial & Business Services, Construction & Materials, and Utilities sectors. Their top sells were HAH, KBC, MSN, CTR, VPB, VHC, KDH, SAB, and TCH.
Proprietary traders were net sellers, offloading a net VND 394.4 billion, with a net sell of VND 347.6 billion in the matched orders. In the matched orders, they net bought only in the Automobiles & Parts and Media sectors. Their top buys included SBT, CTG, FRT, DCM, NT2, VHC, HT1, DRC, VPI, and FTS. On the other hand, they net sold banks, with FPT, VHM, HPG, MBB, VPB, VTP, VCB, BMP, TCB, and MWG being their top sells.
Local institutions were net buyers to the tune of VND 129.6 billion, with a net buy of VND 166.3 billion in the matched orders. In the matched orders, they net sold 10 out of 18 sectors, mainly in Financial Services. Their top sells included MSN, TCB, HCM, BID, MBB, GVR, CII, HAH, SSI, and MWG. On the buying side, they focused on the Information Technology sector, with FPT, VCB, HPG, VCI, KDH, CTR, ACB, VIB, KBC, and VHC being their top buys.
Block trades today amounted to VND 2,312.9 billion, down 46.9% from the previous session and contributing 14.7% of the total trading value. Notable block trades were seen in VHM, with over 10.6 million shares worth VND 434.4 billion changing hands among individual investors.
Individual investors also participated in block trades involving banks (LPB, EIB, HDB, STB), large-cap stocks (FPT, VIC), and EVF.
In terms of sector allocation, money flow increased in Real Estate, Securities, Chemicals, Food & Beverage, Retail, Software & Services, and Warehousing & Logistics but decreased in Banks, Construction, Oil & Gas Equipment & Services, Water Transport, and Airlines.
Looking at the matched orders, money flow increased in mid-cap stocks (VNMID) but decreased in large-cap (VN30) and small-cap (VNSML) stocks.
