Domestic organizations collect food stocks, discharge steel stocks

DNHN - Food and beverage stocks attracted the most cash flow from institutions last week with a net buying value of 138 billion dongs.

With overwhelming demand, domestic organizations have just experienced a positive net buying week in 13/18 industry groups, in which food and beverage stocks attracted the most cash flow of domestic organizations with a net buying value reaching 138 billion dongs.

In addition, domestic cash flow also flows into industrial goods & services (53 billion dongs), personal & household goods (34 billion dongs), retail (31 billion Dong), and chemicals (16 billion Dong). The demand from domestic organizations also spread to the information technology group with a net worth of nearly 66 billion dongs.

The most prominent transaction on the buying side of domestic institutions last week was disbursement into VNM, a large-cap food stock. This is also the only food stock that internal organizations poured capital over hundreds of billion dong in the past week.

Disbursement of less than 10 billion Dong also took place in several stock groups, respectively, in tourism & entertainment, healthcare, electricity, water & petroleum, insurance, auto & spare parts.

FiinTrade's statistics show that the transaction at the banking group is almost balanced, although last week, the “king” stock was one of the two sectors with the strongest withdrawal.

The cash flow index accumulated in the banking group is having a divergence with the price index when the cash flow decreases and the price index increases, which shows that the supply of stocks is weakening.

The cash flow index of the market is also decreasing, but is still at a high level within 1 year, showing that compared to the general market, this group is still trading more strongly, although this trend is weakening.

On the selling side, steel stocks were under the strongest net withdrawing pressure with nearly 179 although last week they were still net bought nearly 60 billion dongs. It can be seen that the internal capital flow has shifted to take profits in steel stocks amid the strong recovery of some stocks in this group in the short term.

Similarly, stocks of real estate companies were also in the top net sellers with a value of nearly 84 billion dongs. As the group with the strongest withdrawal in the previous week, the size of the net selling in the real estate group decreased by 76% this week.

In the same direction, lighter discharge was also seen in petroleum (39 billion Dong), construction and materials (30 billion Dong) and financial services (8 billion Dong).

FiinTrade's statistics show that oil and gas stocks recorded the proportion of weekly trading value increasing to 4.66%, and the industry index increased by 4.09%, which was the strongest gainer in the market during the week. However, since the beginning of the year, this group has decreased by 10.05%.

PV