August 1, 2021

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Stocks struggled at the beginning of the week

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VN-Index reversed 5 times in the morning session, before falling deeply in the afternoon session on June 21, closing down more than 5 points.

Unlike the forecast of securities companies, the upward momentum in the last session of last week could not be extended to this week. Selling pressure skyrocketed from the beginning and engulfed VN-Index after ATO. The market recovered after that but the main trend still struggled. VN-Index increased and decreased continuously near the reference, creating a graph with steep slopes.

In the afternoon session, red color has the upper hand. Many investors lost their patience and decided to sell, causing the market to drop sharply in the morning. When VN-Index retreated to 1,370 points, the new demand rebalanced the selling momentum. However, the buy orders did not push up, so the market only narrowed in red, not enough to surpass reference.

At the close, VN-Index dropped more than 5 points (0.37%) to 1,372.63 points. VN30-Index fell 0.2% to 1,478 points. On HNX, HNX-Index and UPCOM-Index both dropped below reference but the amplitude was not more than 1%.

VN-Index dropped more than 5 points after June 21 session. Image: VNDirect.

Red dominated with 232 losers on HoSE compared to 173 gainers. In the VN30 group, there was no difference when 17/30 blue-chips were below reference.

Leading in green were some large-cap codes such as NVL with an increase of 5.8%, PLX, MWG with more than 3%, FPT, MSN with an increase of over 2%. In contrast, the banking and finance group continued to witness the withdrawal of cash flow. SSI, TCH fell 3%, BID, BVH, VCB, CTG, HDB, TPB fell below reference.

HoSE liquidity reached more than 22,600 billion dong, of which VN30 group traded nearly 11 trillion dong. Foreign investors today net sold more than 1,000 billion dong, focusing on HPG, NVL and VNM.

Minh Son


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