Foreign investors today recorded their fourth consecutive net selling session on the Ho Chi Minh City Stock Exchange, with sales exceeding 2,000 billion dong against disbursements of less than 1,300 billion dong. This brings the total net withdrawal during this period to over 1,200 billion dong, primarily driven by selling pressure on leading banking stocks such as TCB, SHB, ACB, and MBB.
The market's benchmark, the VN-Index, closed in the red today, losing over 3 points to settle at 1,773 points. This decline interrupted a two-session upward streak. The VN30 also adjusted more than 2 points, falling to 1,922 points. While the index traded above its reference level for most of the session, a sudden reversal occurred towards the close, largely attributed to foreign investor activity.
Market breadth on the Ho Chi Minh City Stock Exchange was balanced, with an equal number of declining and rising stocks. However, a clear divergence was evident within the blue-chip basket, where 19 stocks were in the red, double the number of gainers. No industry group on the market saw uniform increases or decreases.
In the banking sector, gainers included LPB, OCB, MBB, and SSB, all with margins not exceeding 3%. Conversely, several leading stocks in the sector, such as CTG, VPB, TCB, BID, VCB, and STB, experienced declines. The securities group showed a similar trend: SSI, VCK, VIX, HCM, and TCX posted slight gains, while VND and VPX closed the session in the red.
The real estate sector also presented a mixed picture. Stocks of developers like Nam Long, Khang Dien, TTC Land, and Bluemarq accumulated gains of 0,5-2% compared to their reference prices. Hoang Quan was a rare instance, hitting its ceiling and closing with no sellers. In contrast, shares of Novaland, Ha Do, CII, and Vincom Retail lost 0,5-2,5%.
Liquidity on the Ho Chi Minh City Stock Exchange reached 16,000 billion dong today, a sharp decrease compared to the start of the week. The large-cap basket contributed half of this total. VIC was the only stock with one trillion dong in matching orders, followed by VIX (776 billion dong) and VHM (600 billion dong).
Analysts from Rong Viet Securities Company note that the intensity of foreign investor net selling has shown signs of weakening, but continued capital withdrawal poses a challenge to the market's recovery momentum. Forecasting short-term trends, some securities companies believe the market is still in a downtrend, though pressure is less significant than in mid-July. Analysts at Tien Phong Securities Company advise investors to carefully consider opening new buying positions. However, looking at the longer term, they expect the trend not to be overly negative.
Phuong Dong
