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VN-Index lost 1,000 points

Monday - 18/06/2018 21:46
The sell side led the market down 29 points in the first session of this week
The aggressiveness and dominance of the stock holding, while the bottom of the cash flow, made the VN-Index lose 1,000 points again. Trading session on 18/6, VN-Index decreased 29.17 points (equivalent to 2.87%) to 987.34 points. The VN30 Index, which represented 30 large caps, dropped 3.5% to 970.35.
market down sharply
The market was in red in the first session of the week.

Meanwhile, HNX-Index and UPCOM-Index declined 2.46% and 0.97%, respectively.

Liquidity of the market reached an average of nearly 5,500 billion, but net sales of foreigners increased sharply. Focusing mainly on stocks of large capitalization, foreigners were net sellers with nearly 12 million units, equivalent to over 500 billion on HoSE and HNX.

The trading session today is similar to the sharp decline in the end of May. VN-Index opened cautiously and the market traded around the reference until the end of the morning session. However, when the afternoon session started, the selling pressure continued to force the index fell deeply. Many stocks were forced down near the floor price when the sellers became active and "sold at a price".

According to statistics of VNDirect Securities Company, the top 10 stocks that contributed the most to the market's decline were nine of the VN30, accounting for one third of the downward momentum. GAS and VNM all contributed more than two points to the overall decline, down by VND5,900 and VND7,300 respectively.

Vietjet and CTT of Coteccons recently recovered strongly. VJC dropped VND8,000 (equivalent to 4.6%) while CTD shares dropped by 10,000 (equivalent to 6.2%).

The pair of shares of Bau Duc is a rare case to keep green today. Hoang Anh Gia Lai's HAG increased its trading band to over VND5,000 with trading volume of over 12.3 million shares. Meanwhile, HNG shares of Hoang Anh Gia Lai International Agriculture increased 70 dong to 9,220 dong.

Today's selling pressure was strong from the foreigners. On both HoSE and HNX, foreigners were net sellers of nearly 12 million shares worth over VND500 billion. Hoa Phat Group HPG was one of the biggest net sellers today with a net value of over 100 billion dong.

The recent boom in the Vietnamese market is only part of the overall picture of Asia. Foreign capital is flocking from the six emerging market stock markets in Asia to unprecedented levels since the 2008 global financial crisis. Up until now, At the same time, foreign investors have withdrawn $ 19 billion from India, Indonesia, the Philippines, South Korea, Taiwan and Thailand.

The selling pressure of foreign investors, while the cash flow was not strong enough to absorb the supply, causing the index to fall deeply. Today's session also marked the VN-Index lost 1,000 points, back to this landmark on June 5.

With this development, investor sentiment continues to be challenged as signs of a sustained recovery are becoming blurred. Investors are advised to take profits and reduce stock exposure in the context of a recovery trend.
(Source: Minh Son -

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