Finance - Banking

Stock liquidity lowest in nearly 15 months

TH (according to VnExpress) January 8, 2025 20:10

Although stocks reversed at the end of the session to increase by 4 points, liquidity still fell to the lowest level since late October 2023.

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VN-Index is supported by two banking stocks, TCB and CTG (illustrative photo)

After two sessions of sharp declines, then yesterday's "green skin, red heart" stock market, investors remained cautious. As soon as today's session opened, the liquidity was always lower than the same period the day before. The afternoon usually records better cash flow, but today the speed of trading orders being placed on the market has not increased too well.

The total transaction value of the Ho Chi Minh City market decreased by nearly 3,000 billion VND to more than 10,200 billion VND. This is the lowest level since the end of October 2023.

According to Vietcombank Securities (VCBS), the decline in liquidity shows that the selling force has somewhat slowed down. But on the other hand, this also shows that the demand force has not yet returned too strongly.

Liquidity was weak during the session, VN-Index had a negative trading time for most of the time. The market opened with pre-set sell orders. At around 10:30, the representative index of HoSE was pushed below the 1,240 point mark. This index improved later but still could not escape the red.

The market went below reference until early afternoon, before there was a shake. After 2 p.m., stocks were pulled up when many codes were discounted to low prices and started to recover technically, especially the midcap group (average capitalization).

VN-Index closed up more than 4 points to over 1,251 points. The entire HoSE floor had 236 stocks increasing in price, higher than 153 stocks decreasing. The market had 5 purple ceiling codes, all with low liquidity, only TMT increased to the full amplitude for 10 consecutive sessions.

The bluechip group strongly dominated today's trading session. The general index was negatively affected by the HDB and FPT duo as these two codes had the highest liquidity in the market, both falling 3.9% and 1.2% respectively.

On the other hand, VN-Index was supported by two banking stocks, TCB and CTG. Other stocks such as MWG, GVR, MSN, HPG also made positive contributions.

Today's market was also affected by the selling pressure of foreign investors. Foreign investors net sold about 446 billion VND, nearly 5 times higher than the previous session. The focus was on FPT with a net selling value of more than 230 billion VND.

TH (according to VnExpress)
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Stock liquidity lowest in nearly 15 months