Individual investors continue net buying as VN-Index falls below 1,900 points

Retail investors posted a net buy of 744.7 billion dong today, with domestic investors net-buying through matching trades of 607 billion. In terms of matching trades, retail net buying was mainly in Real Estate shares. Illustration photo. After a long period of a rising VN-Index that surpassed 1,900 points, today the market saw a significant correction, bringing the index to a more reasonable level as it no longer represented the entire market. The VN-Index closed the session down nearly 20 points, breaking the 1,900 level and retreating to around 1,895 points, with very poor breadth: 213 stocks declined and 104 rose. Notably, the market in recent times had been driven primarily by the heavyweight Vingroup group; when this group corrects, even stocks that did not rise much in the previous period tend to turn red as well. VIC and VHM fell by 1.33% and 1.83%, taking away nearly 8 points from the index, while the rest of the index was pressured by declines in banks and consumer retail. Bank stocks faded across BID, CTG, VCB, and smaller caps like HDB, ACB, STB; Real estate sector, aside from the two names above, saw VRE drop 6.14% today; BCM, KDH, NVL, KBC also in the red. In non-financial sectors, consumer, retail and airlines were heavily red with MCH, MSN, VJC, GVR, VPL, MWG. The information technology group FPT also declined by 2.64%. The energy sector moved counter to the market trend, with BSR hitting the ceiling, and several other names performing well such as PVD, PVS, PVC, PVB. Liquidity across three exchanges reached 29.5 trillion dong, indicating that despite discount prices the index had peaked and external risks remained high, so cash flow remained cautious. Foreign investors recorded another net outflow of more than 1 trillion dong today, mainly selling VHM, FPT, DGC, ACB, TCH and buying BSR, GEE, DCM in matching trades. Retail investors net bought 744.7 billion dong, with domestic net buying focused on Real Estate stocks. Top net buys by retail investors included VHM, FPT, MSN, DGC, VIC, NVL, TCH, ACB, EIB, PLX. On the selling side in matching trades, top net sellers were GEE, BSR, VPB, VIX, VJC, DCM, VPI, VCB, GEX. Proprietary trading net sold 408 billion dong, with net selling in matching trades of 140 billion. Top selling stocks included VPB, EIB, HAH, FRT, CTD, VHM, KBC, VPX, TCB, DBC. The top net sellers were in the Information Technology sector. Top net sellers included FPT, HPG, MWG, MSN, VRE, STB, VIC, LPB, KDH, SHB. Domestic institutions net bought 685 billion dong, with net buying in matching trades of 560 billion. Domestic institutions sold mainly EIB, VIC, CII, DCM, SSI, KBC, GEX, VHC, MSN. The largest net buying was in Information Technology. Top buyers included FPT, VHM, HPG, VJC, DGC, GEE, ACB, TPB, MWG, VIX. Value of negotiated deals reached 2,800 billion dong, down 37.7% and accounting for 9.4% of total trading value. Notable deals included GEL with more than 7.1 million shares (about 247.1 billion dong) traded between domestic institutions and individuals. PET also traded more than 4.5 million shares (about 224.4 billion) between individuals and institutions. Money flow increased in the Securities, Food, Electrical Equipment, Information Technology, Oil & Gas, and Building Materials sectors. It decreased in Banking, Real Estate and Maritime Transport. In terms of matching trades, the share of liquidity rose in the Mid-cap group while it decreased in the VN30 large-cap and Small-cap groups. Blue-chips fell across the board, with hot money clustered away.