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VN-Index accumulated steadily thanks to the securities - real estate - banking group, before shaking from 2:00 p.m., closing the session with a slight increase but red dominated.
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Stocks opened quite positively thanks to the early demand. The market increased by nearly 7 points after only 45 minutes of trading. The HoSE index accumulated steadily above 1,284 points throughout the morning when the trio of cash flow attractors including stocks, real estate and banking had positive developments.
In the afternoon, selling pressure appeared, gradually pulling the HoSE representative index down. Stocks briefly fell below the reference level but quickly improved. After the fluctuations in the ATC session, VN-Index closed at nearly 1,281.5 points, only 0.03 points higher than yesterday.
The market fell into a state of "green skin, red heart" with 214 stocks falling, more than 174 stocks rising. The codes VHM, VCB, BCM and STB contributed the most positively to the VN-Index.
By sector, insurance and oil and gas stocks had the worst performance, followed by resources, retail, and chemicals. Although leading the market in the morning, the securities and real estate groups reversed in the second half of the session with many red colors, notably VCI, VRE, DXG, PDR, and NVL.
Banking is the group of stocks that support today. STB accumulated 3% more and achieved the highest liquidity in the whole market with more than 769 billion VND. In addition, this industry also recorded MBB, ACB, HDB or TBP codes increasing slightly by 0.6-1.1%.
Total trading value on the HoSE floor decreased by more than 2,300 billion to over 14,000 billion VND. This is the lowest level in the past two weeks. Foreign investors continued to worry when they net sold about 117 billion VND, for the 7th consecutive session. HPG continued to be the focus, followed by VCI and VRE.
After the exchange rate dropped below 25,000 VND, the lowest level since early April, stocks increased for three consecutive sessions but at a very low level with a cumulative gain of only 1.45 points and continuously fell into a state of "green skin, red heart".
According to Mr. Nguyen The Minh, Director of Analysis at Yuanta Securities Company, the recent decline in exchange rates has not been able to bring foreign capital back to stocks because fluctuations make it more difficult to choose the right time to enter and exit the market.
TH (according to VnExpress)