Vietcombank shares set a new peak, strong cash flow exceeds billions of dollars

DNHN - Since April 2022, the trading value on the three exchanges has reached its highest point. Even if they increased, market leaders such as VCB, HPG, and VHM were unable to "carry" the market due to the saturation of red.

The market has a strong cash flow of 1.15 billion USD, and foreign investors have joined in.

The trading session on June 8 set a record level of liquidity for more than a year, which was unexpectedly active. During the session, 1.56 billion shares were traded for more than 27,300 trillion Vietnamese Dong, the equivalent of 1.15 billion US dollars. Specifically, the transaction value on HoSE has surpassed billions of dollars (VND 23,689 trillion), a 31% increase from yesterday. This is the most liquid session since April 2022, and the return of a billion-dollar trading session on the stock exchange was also recorded.

VND remains the stock that generates the highest cash flow. VNDirect's stock fell 5.97%, returning to its opening price for the week (18,100 VND per share). However, the VND has increased by nearly 19.5% over the past month.

Quite a few other stocks, including HPG (976 billion dongs), GEX (879 billion dongs), and SSI (862 billion dongs), recorded liquidity between 800 and 900 billion dongs. The robust cash flow pushed several stock prices above their multi-session average.

The market's appeal extends beyond domestic investors. During the session, foreign investors also increased buying and selling activity. However, sales were still phenomenal. Recent net selling sessions by foreign investors have been overwhelming. Since May 19, there have been 12 of 14 net selling sessions for foreign investors.

On the HoSE, foreign investors disbursed an additional 2,441 billion dongs and sold 2,754 billion dongs, resulting in a net selling value of approximately 310 billion dongs. On each of the three exchanges, foreign investors sold a net amount of 277 billion dongs. The most popular stock sold was VNM (211 billion dongs). In the past month, foreign investors have continuously sold their Vinamilk shares, with the last three sessions being the most significant net sellers, as they have sold hundreds of billions of dong per session.

Additionally, GEX was sold vigorously (over 70 billion dongs). On the other hand, VHM and VCB were the two stocks that foreign investors purchased the most of, to the tune of 67 and 58 billion dongs, respectively. The cash flow of foreign investors significantly bolstered the overall demand for these stocks.

VCB surpasses 100,000 VND per share, but this is insufficient to "support" the VN-Index.

On June 8, shares of Vietcombank, the largest publicly-traded company on the floor, increased significantly. With an increase of nearly 3.1%, VCB alone contributed an increase of nearly 3.67 points. VCB shares also returned to the VND 100,000/share mark, thereby increasing the bank's market capitalization to VND 473,252 billion, far surpassing the market capitalization of the second-largest enterprise, Vinhomes (VND 242,232 billion). VCB used to trade at a three-digit price, but the price was changed after the bank split shares through dividends and bonuses. In comparison to the adjusted price, this is an all-time high for this stock.

HPG and VHM, two other major players in the top 10 by market capitalization, increased by 0.8% and 0.1%, respectively. These three stocks are also "upstream" when the red color is applied to this large-cap group.

Despite contributing nearly 4 points to the increase, VCB, HPG, and VHM were unable to support the market as a whole. Red dominated with 480 losers, 15 of which hit the floor, compared to 307 winners and 60 floor winners. Recent gainers in the securities sector are currently the most heavily corrected group. In addition to VND, other codes, such as AGR (5.28%), BVS (-4.94%), and CTS (4.19%), fell by 3-5%.

In contrast to the shaky state of the morning session, the overwhelming selling pressure caused all three indexes to decline significantly. The VN-Index fell 8.22 points (-0.74%), reaching 1,101.32 points. The HNX index decreased by 3.55 points (-1.54%), reaching 226.78 points. UpCoM-Index fell 0.55 points (-0.65%), reaching 84.02 points.

Nhan Ha Phan