Strong selling pressure at 1,300

Strong selling pressure at 1,300

Market Comments

Strong selling pressure at 1,300

VN-Index had some good times to increase, but strong selling pressure above 1,300 points pulled VN-Index back down and quickly lost 1,290 points at the end of the session. 

At the end, VN-Index closed down nearly 11 points, stopping at 1,288 points, corresponding to a decrease of 0.84% ​​compared to the previous session. 

Matching liquidity increased strongly when reaching more than 527 million units, up 4.3% compared to the previous session, corresponding to a value of more than 14,781 billion dong.

Steel stocks were sold strongly in many codes like HPG (HM:HPG) (-3.5%), HSG (HM:HSG) (-4.2%). Besides, petro codes were also under strong profit-taking pressure like PVD (HM:PVD) (-2.95%), PVS (HN:PVS) (-3%) and GAS (HM:GAS) ( -1.7 %). 

In contrast, PNJ (HM: PNJ) narrowed its decline with a gain of more than 5% and closed at the highest level in history at VND 123,200/share.

Foreign investors turned to a net selling of more than 544 billion dong on both HNX and HSX. In which, HPG and VIC (HM: VIC) were sold the most with a total value of 160 billion and 98 billion respectively. 

On the other side, DGC (HM: DGC) was net bought more than 86 billion dong in today session.

The VN-Index's decrease of more than 10 points caused the technical assessment score of the VN-Index to decrease slightly from +5 points to +4 points, but still keep the short-term assessment status as OPERATE. P/E of VN-Index is currently at 13.8x
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