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With the strong increase of the sales pressure in the afternoon session, VN-Index reversed and dropped

With the strong increase of the sales pressure in the afternoon session, VN-Index reversed and dropped

Thursday 16, 01 2020
The efforts of some blue-chips like GAS, MSN, REE, PLX, POW, VHM, VCS, etc. are not enough to keep the market green.
The afternoon session has taken place with the sharply increasing sale pressure. The efforts of some blue-chips like GAS, MSN, REE, PLX, POW, VHM, VCS, etc. are not enough to keep the market green. 
At 02:10 p.m., VN-Index dropped by 2,39 points (0,24%) to 980,49 points; HNX-Index dropped by 0,08% to 102,73 points and only Upcom-Index increased by 0,73% to 57,95 points. 

The positive thing right now is the fact that the net sale pressure of the foreign investors is not too high with only over 20 billion on the whole market, in which the sale force is focusing on VCB, VNM, PVT, HVN, etc.
After some minutes of hype in the earlier morning session, the pressure to take profit increased significantly when VN-Index approached the 990-point zone, slowing down the growing trend of the market. However, the efforts of the Blue-chips such as FPT, GAS, MSN, REE, VCS, VIC, VHM, VRE, or of the bank shares such as ACB, BID, CTG, VCB, MBB, VPB, etc. are contributing to keeping the market green. 

At the break of the morning session, VN-Index slight increased by 2,19 points (0,22%) to 985,0 points; HNX-Index increased by 0,38% to 103,2 points and Upcom-Index increased by 0,6% to 57,88 points. 

The market liquidity after some minutes of share growth at the beginning of the session has steadily decreased towards the figures at the end of the morning session. The matching value of 3 floors is currently at an average level of VND 1,500 billion.

Foreign investors have been net selling nearly VND 30 billion in the whole market, in which the selling focused on HPG (VND 12.9 billion), VCB (VND 11.4 billion), KDC (VND 5.3 billion), etc. 

On the derivative stock market, all 4 future contracts are still remaining the negative basis from 8,73 to 11,53 points, showing that investors are still being careful despite the base market gaining points. 

The information regarding the possible reconnection of the America – China trade negotiation has brought positive signs to the Asian Stock Market in the morning of 27th August, and the Vietnamese market is not an exception. The increasing tendency of Blue-chips such as FPT, GAS, HPG, MSN, REE, VNM, SAB, BHN, VJC, etc. has been keeping the market green. 

Besides, the bank sector is also doing quite well with many shares gaining points such as BID, CTG, MBB, VCB, VPB, HDB, TCB, TPB, etc., in which VPB price has increased by 500 VND after the information of the 10% fund share purchasing. 

The real estate shares also attracts the cash flows with any codes gaining points such as DIG, DXG, HDC, HDG, NDN, PDR, DPG, VCR, etc. 

The oil and gas sector, including GAS, PVS, PVD, PVB, PVT, etc. has increased quite well after a few struggles in the early minutes, with PVD being the most significant brand with an increase of 800 VND. 

At 10:10 a.m., VN-Index increased by 5,08 points (0,52%) to 987,96 points; HNX-Index increased by 0,33% to 103,15 points and Upcom-Index increased by 0,84% to 58,02 points. The liquidity when the market was quite good with the matching value of 3 floors at around 1,000 billion VND. 

Foreign investors have been net selling 15 billion VND in the whole market, focusing on VCB, HPG, SSI, etc. 

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