Money into stocks highest in 5 months

Before today's trading session, March 3, many analysis groups were confident that VN-Index could maintain its short-term uptrend thanks to cash flow into stocks with good fundamentals to counter the fierce selling pressure from foreign investors. Reality has proven this forecast when the index representing the Ho Chi Minh City Stock Exchange moved above the reference for most of today's trading session, then closed near 1,310 points, up 4 points compared to the end of last week.

Domestic investors disbursed strongly, especially in the last minutes of the session, helping liquidity on the Ho Chi Minh City Stock Exchange increase by nearly VND2,500 billion to VND21,130 billion. Including both the HNX and UPCoM exchanges, market liquidity was approximately VND23,500 billion.

TPBank shares of Tien Phong Bank ranked first in terms of trading value with 1,003 billion VND, far exceeding the liquidity of stocks in the same industry such as VIB, EIB, CTG.

Cash flow is concentrated locally in the securities group, as shown by 4 out of 5 stocks leading the market liquidity in this group. Among them, ORS stock, also related to TPBank, recorded a matching order of more than 530 billion VND. The remaining representatives are VIX, SSI and VCI, respectively.

While domestic investors poured in a lot of money, foreign investors continued to sell off stocks for 8 consecutive sessions. This group sold more than 380 billion VND net today, focusing on TPB.

VN-Index increased but there was not much difference between the number of stocks increasing and decreasing. VHM contributed the most to VN-Index when accumulating 3.3% compared to the reference, up to 42,550 VND. In contrast, CTG held the index down the most by decreasing 0.6%.

The market also did not record any industry group increasing or decreasing in consensus. Real estate is typical of strong differentiation when many mid- and large-cap stocks such as VHM, VRE, PDR, KDH increased, while NVL, DXG, NLG, HQC closed below the reference.

Four stocks of the Bamboo Capital family, including BCG, BGE, BCR and TCD, closed at the floor price today and had no buyers after the company said it had just been notified by the competent authority of the decision to prosecute the case and prosecute the defendant against Mr. Nguyen Ho Nam.

BCG faced fierce selling pressure with nearly 71 million shares remaining for sale at the floor price, while matching orders reached only 5 million shares. BCR and BGE are trading on the UPCoM exchange, so they both fell more than 14%, marking the bottom since both were listed on the stock exchange.

According to the expert group of Dong A Securities Company, the market has experienced many sessions of strong fluctuations but still maintained the psychological mark of 1,300 points with stable liquidity. Therefore, the upward trend may continue this week. Investors are recommended to observe the group of banking, real estate and construction infrastructure stocks because they benefit from the wave of public investment.