A series of stocks in the bank and real estate groups decreased after the increase in the beginning of the week, in which many codes such as TPB, EIB, DIG, KDH … lost over 2%.
According to some analysis groups, the two sessions of the first increase in the week is not enough to help VN-Index have to break up the price area of 1,340 points is a sign of the weak purchasing power. This opens the possibility of shaking in the short term and can cause the index to 1,300-1,320 points.
Trading at Rong Viet Securities Joint Stock Company (District 1, Ho Chi Minh City), in October 2024. Image: An Khuong
The index representing the Ho Chi Minh City floor today has a slight increase, but this status does not maintain long. Investors focused on selling banks and real estate shares, the two groups have accumulated in the rising rhythm, causing the red color to spread. VN-Index closed at 1,326 points, losing nearly 6 points compared to reference. The index representing a large capitalization basket has decreased stronger due to bank and real estate stocks accounting for a large proportion.
The market width is completely deviated to the seller when there are 286 codes, and the side increases about 180 codes. EIB and TPB split up the leading position in the banking group in the bank group when they lost 2% compared to reference, down to 19,500 VND and 14,500 VND. LPB, SSB, CTG, and SHB, in turn, arranged the next time when it fell by more than 1% even though there was a time of price increase.
In real estate groups, the common reduction is 2-2.5%. NBB, DIG, KDH, CEO were sold hard with liquidity oscillating 3.5-7 million shares. In contrast, VRE is the focus of disbursement, so it increased by 0.8% to 20,000 VND and matched more than 22 million shares.
While the two groups were strongly sold, stocks of other industries had a positive transaction state. All steel shares today closed the reference, except for NKG to keep the reference of 15,500 dong. HPG is a support for the market when it increased by 1.3% to VND 27,550 and the highest trading volume a month.
Similarly, the seaport group simultaneously increased. PVT today accumulates 2%, while DVP, HAH and GMD increased by 0.7-1.5%. The oil group also increased, except for POW takes 0.4% and closed at 13,000 VND.
Market liquidity dropped sharply compared to the previous session, less than 18,000 billion dong. The pressure of selling strongly in a large capitalization group, so the liquidity of the VN30 basket contributed to 10,340 billion dong of these. HPG leads the trading value with more than 1,210 billion dong, then to FPT about 1,208 billion dong.
Foreign investors net sold the seventh consecutive session. However, today’s selling value dropped sharply, only VND 1,800 billion. TPBank’s shares are still under the strongest discharge pressure when the net selling volume is about 8.7 million shares, then about FPT about 2.5 million shares.