The short-term panic market fell sharply
Market hot spot
Today, the Vietnamese index fell unilaterally throughout the day, killing short-term emotional resonance, the market fell below the consolidation platform, and the market entered a downward trend in the short term. As of the close, the Vietnam index fell sharply by 20.71 points to 1456.96 points.
Market highs fell, but there are still a few sectors that strengthened against the market, such as oil and gas (up 3.1%) and construction (up 1.2%). We believe that oil and gas stocks deserve attention against the background of continued rise in global oil prices.
The selling pressure mainly focused on the sectors that rose strongly in the early stage, such as securities (down 4.1%) and real estate (down 2.4%). It is worth noting that the steel sector rebounded in the late trading. We believe that since the share prices of many stocks in this sector have entered the oversold area, high-level funds may flow into low-level stocks after they come out.
The total volume of transactions in Ho Chi Minh market set a new record, reaching 45.562 trillion dong. The massive decline triggered market concerns.
Foreign capital turned to net outflow. The total net sales in Ho Chi Minh market exceeded 626 billion Vietnamese Dong (about 173.79 million yuan). MSN Masan group was the most net sales stock by foreign capital, with a total net sales of 191 billion Vietnamese Dong (about 53.03 million yuan).
