A much-needed correction took place in the afternoon session today after the index had a surprisingly strong rebound compared to investor expectations. Vn-Index faced selling pressure after 2 p.m., with massive selling pushing the liquidity of the three exchanges to VND 32.3 trillion, leading the market to lose 6.25 points and drop to the 1,264 level.
The negative breadth with 292 declining stocks compared to 193 gaining stocks. Among them, banks faced the strongest selling pressure, dropping 1.34% and becoming the main culprit behind the brutal index decline. VCB, BID, CTG, TCB, MBB, VPB, these stocks wiped out 4.6 points.
The sectors that had shown strong gains in recent sessions also reversed their course. Retail decreased by 1.75%, Seafood decreased by 1.15%, Building Materials decreased by 1%, Food and Beverage decreased by 1.13%, Information Technology decreased by 0.21%. On the flip side, news about the Ô Môn B Block project pushed the heavy group to new highs with a 2.65% increase in PVD and a near 5% increase in PVS; other stocks also performed well, such as PVC.
Outside of Oil and Gas, the remaining sectors weakened gradually, such as Securities, Real Estate increasing by 0.46%; Chemicals increasing by 0.53%. Foreign investors continued to sell-off, with the strongest selling pressure in a month, resulting in a net selling value of VND 911 billion.
The main net buying groups of foreign investors were the Financial Services and Industrial Goods & Services groups. The top net buying orders of foreign investors included: SSI, PVD, KDH, VIX, PVT, PTB, CTD, GVR, NLG, HAH.
The main net selling group of foreign investors was the Food and Beverage group. The top net selling orders of foreign investors included: VHM, VNM, FRT, SBT, HPG, MWG, HSG, VCB, DGC.
Individual investors had a net buying value of VND 937.0 billion, of which their net buying in matching orders was VND 956.9 billion. Specifically in the matching orders, they net bought shares in 11 out of 18 sectors, mainly in the Food and Beverage sector. The top net buying stocks of individual investors included: VHM, VNM, FRT, SBT, MSN, MWG, HPG, HSG, DGC, VCI.
The net selling group in matching orders: they net sold shares in 7 out of 18 sectors, mainly in the Oil and Gas, Electricity, Water & Petrochemicals sectors. The top net selling stocks included: SSI, GAS, PVD, VIX, KDH, PVT, PLX, PTB, ASM.
Institutional investors had a net buying value of VND 105.5 billion, with a net buying value of VND 79.7 billion in matching orders. Specifically in matching orders: institutions sold shares in 11 out of 18 sectors, with the highest value being in the Financial Services group. The top net selling stocks included: VCI, VTP, VHM, VND, FPT, PLX, SSI, VSC, HAH, KBC.
The highest net buying value was in the Food and Beverage group. The top net buying stocks included: GAS, MSN, DCM, PVT, BAF, PC1, VCB, TCB, SAB, VIB.
The value of negotiated transactions reached VND 1,310.3 billion, a -54.6% decrease compared to the previous session and contributed 4.1% to the total trading value. FPT was a notable stock with negotiated transactions, mainly conducted between foreign institutions.
The allocation of money flows increased in the Securities, Real Estate, Oil and Gas, Waterway Transport, Rubber & Fiber sectors, while it decreased in the Banking, Construction, Steel, Food, Chemical sectors. Particularly noteworthy is the decrease in the allocation of money flows to the lowest level since December 5, 2023.
In terms of matching orders, the proportion of trading value increased in the mid-cap VNMID group and the small-cap VNSML group, while it decreased to a one-month low in the large-cap group.
