The VN-Index rose 6 points, but the market showed several negative signals, including a sharp drop in liquidity, 8 consecutive sessions of net selling by foreign investors, and more declining than rising blue-chip stocks.
Widespread selling pressure, with 70% of stocks declining, dragged down the stock market. The VN-Index closed down nearly 11 points, its steepest drop since the end of July.
Driven by strong cash flow into the market, the VN-Index extended its winning streak to seven consecutive sessions, surpassing the 1,600-point mark to establish a new historical peak.
Early session buying and cash flow into small and mid-cap stocks weren't enough to lift the VN-Index, as the stock market continued to lose the crucial 1,500-point mark.
Several experts recommend that investors holding cash wait patiently for corrections to invest at better prices, and avoid chasing the market at this time.
Strong cash flow from domestic investors in the final minutes of the session propelled the VN-Index to its highest gain in a month, exceeding 1,500 points.
VHM, NVL, DIG, and CEO hit the ceiling, with many other real estate stocks also performing well, leading the stock market to accumulate nearly 15 points.
Profit-taking in large-cap stocks caused the VN-Index to reverse course sharply in the final 30 minutes, dropping nearly 10 points and ending a 7-session winning streak.
