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Oil and Gas decreases, VN-Index reverses more than 3 points

Tuesday 10, 09 2019
After the advantageous start, the Oil and Gas group was sold suddenly and quickly, with GAS, PVS, PVD, PVB, PVT decreased strongly, leading to VN-index decrease
Oil and Gas decreases, VN-Index reverses more than 3 points
After some strong increasing moments at the beginning of the session, the sale pressure had increased strongly since 10:30 pm, making indexes reverse and decrease. In the Bluechips group, currently, there were only PLX, VJC, VIC, VCB, MSN, FPT still having a slight increasing trend, while BVH , GAS , SAB, BHN, HVN, PNJ, VHM, MWG, VCS, etc. all decreased fairly.

The Oil and Gas group, after a good beginning, had surprisingly and sharply been sold, with GAS, PVS, PVD, PVB, PVT all decreased strongly.

Meanwhile, industrial shares (NTC, SZL, SNZ, SZC, BCM, BAX, SIP, etc.), or Viettel (VTK, VGI, CTR) were still under the heavy sale pressure in this morning.
At the break of the morning session, the VN-Index decreased by 3.14% (0.32%) to 970.98 points; HNX-Index decreased by 0.9% to 100.06 points, and the Upcom-Index decreased by 1.36% to 55.3 points. The market liquidity increased compared to the last session, the 3 stock exchanges auction reached nearly 1,700 billion VND.

The foreign block is still net selling 60 billion on the whole market, focusing on PHR (23.8 billion VND), STB (18 billion VND), GTN (10 billion VND), etc.

The 10th September session happened quite positively after a few minutes of opening. Bluechips like MWG, POW, VRE, VJC, GAS, VIC, FPT, together with bank shares such as VCB, VPB, TCB, MBB, BID, CTG increased quite significantly, helping the market revert back to green after 5 consecutive adjusting sessions.
Together with the increasing trend of the Bluechips group, real estate and construction shares such as CTD, DIG, FCN, KBC, NLC, PC1, NVL, etc. also increased fairly. The Oil and Gas group of GAS, PVS, PVD, PXS, etc. also increase slightly in the context of the global oil price recovering recently.
Meanwhile, industrial shares (NTC, SZL, BCM, SNZ, SZC, BAX, SIP, etc.) or Viettel (VTK, VGI, CTR) still suffered from the strong stop-gain pressure after the hot increasing phase.

At 10:15 am, the VN-Index increased by 2.9 points (0.3%) to 977.02 points; while HNX-Index decreased by 0.04% to 100.81 points and Upcom-Index decreased by 0.3% to 56.33 points. The market liquidity was at a low level with the 3 stock exchanges auction reached around 800 billion VND.
The foreign block is currently net selling around 40 billion on the whole market, in which the sales force focuses mainly on GTN (10 billion VND), PHR (7.5 billion VND), STB (7 billion VND), etc.

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