Big stocks are still being sold heavily?

At the end of the session on June 24, the VN-Index decreased by 27.9 points (-2.18%), closing at 1,254.

Vietnamese stocks continued to be cautious when opening trading session on June 24. After a short period of light green, the market quickly retreated into the red zone. The recovery efforts during the session were quite poor, causing the market to gradually retreat.

During the session, the group of 30 large stocks (VN30) was sold heavily. As a result, 28 stocks decreased in price, such as SSB (-4.8%), GVR (-4.5%), TPB (-3.9%), VPB (-3.8%), STB (-3.8%)... and this trend spread to many other stocks.

Accordingly, most industry groups are in red with the number of stocks decreasing in price quite overwhelming. Technology, securities, banking, retail stocks… are having a negative impact on the market.

Foreign investors continued to net sell on the HoSE, with a value of VND925 billion. Specifically, foreign investors strongly sold FPT shares (-VND589.6 billion), NLG (-VND64.3 billion), SSI (-VND57.9 billion), HDB (-VND57.5 billion), VRE (-VND55.9 billion) ...

At the end of the session, the VN-Index decreased by 27.9 points (-2.18%), closing at 1,254 points. Liquidity on the HoSE floor increased when 1.25 billion shares were successfully traded.

Rong Viet Securities Company commented that liquidity increased compared to previous sessions, showing that the supply of stocks is increasing, putting great pressure on the market. Therefore, investors can "watch" for good price ranges of some stocks for short-term surfing, considering the market's recovery to take profits.

Meanwhile, VCBS Securities Company commented that selling liquidity is taking place widely in many groups of stocks. "Investors should not use margin stocks at this time, limit new purchases and patiently wait for signs of recovery from the market" - VCBS Securities Company recommended.

Source: https://nld.com.vn/chung-khoan-ngay-mai-25-6-co-phieu-lon-con-bi-ban-manh-196240624181522594.htm