Showdown, almost $ 1.7 billion is “stuck” in stocks that have not returned to the account

Today’s market officially surpassed the record match order on November 24 when the transaction reached over VND 12.467 billion on both exchanges.

This number is still less than the session on January 25, 2018 (VND 13.725 trillion), but if the accumulated value of T + 2 (spending money to buy shares and not having sold, withdrawing money), the last 3 sessions. All-time record: matched value reached 34.939 billion VND (about $ 1.5 billion). Including the agreement, the figure amounted to 38.804 billion dong, equivalent to 1.67 billion dollars.

The transaction level in the last few sessions has continuously maintained an extremely high threshold. For example, this week you only have 4 sessions, but there were 3 sessions with over 10,000 billion VNDs matched. All week ago, there were 7 sessions with 7 sessions that exceeded 10,000 billion VND.

The market is showing that the amount of money that flows into stocks is completely different from any other period in its 20-year history. This also led to a staggering rise in the VN-Index without any adjustment: just 4.5 months ago, the index increased by more than 32%, but the strongest drop was just over 4%, but also only. lasted 4 sessions.

However, today’s extremely high liquidity led to quite negative consequences: the VN-Index lost 0.79% or 8.22 points, which meant losing most of yesterday’s strong windfall gains (down to 9.87 points).

The most unfortunate thing is that investors lost a lot: the width of the HSX is only 125 advances / 325 declines. 176 shares fell more than 1%, of which 100 shares fell more than 2%.

The index could fall even worse, or even fall more than yesterday’s gain if no support remains. VNM was up 2.1% and supported the selling pressure very well. This share transferred almost 6.1 million shares, the highest level in 3 years. This huge volume also affects VNM – this stock’s peak price even increased 3.83% from benchmark. That means that many investors who bought the maximum price today still lost around 1.67%.

BID increased by 0.34%, VCB increased by 0.73% as the only two blue-chips that were still top referenced. Group pressure fell too hard: CTG decreased 1.45%, GAS decreased 1.97%, SAB decreased 1.2%, TCB decreased 1.75%, VHM decreased 1.65%, VIC decreased 1.04%, HPG decreased 2.34%, MSN decreased 1.76%.

The VN30 index closed 0.97% below the benchmark and only 8 advances versus 21 declines. Of these, 17 decreased by more than 1%. Both the VN-Index and the VN30-Index increased in the first half of the morning session, so the damage caused to investors was even greater than at the end of the day. Most of the stocks at the beginning of the session also rose quite well via benchmark, but at the end of the session, the majority closed at the lowest price and declined dramatically compared to the reference price. Stocks such as STB, SBT were also down more than 3% compared to the peak of the session.

There has not been any group of stocks capable of withstanding the great pressure of this session. Midcap decreased 1.26%, Smallcap decreased 1.05%. However, there are some stocks that are speculated to hold their prices like CDC, HSL, POM, SKG, AGR, HNG and GMD, which have risen by more than 4%.

With the size of the transaction too large as today, the share price fell dramatically, which meant that there was a very strong sell-off. The market fell for two very clear periods. The first beat was the second half of the morning session, the VN-Index fell from the peak of 1,044 points to 1,037 points in the first minutes of the afternoon session. Demand for bottom fishing came into play to keep the market stable until about 2 a.m. M. The market was volatile in many sessions and then stopped.

But today the situation is different: after the first download, a new selling pressure appeared on the market and this time the download was very strong, which lasted until the end of the session. The breadth of the market is too narrow, confirming that it is not a pillar phenomenon. Most stocks have a similar selling force that leads to lower prices. In fact, the decline in the BV index compared to the stock is still very slight.

Foreign investors bought support quite well. HSX recorded a net purchase of around 253 billion dong. Shares in the VN30 basket were heavily bought net 459 billion. They bought a lot from HPG, DXG, VCB, VNM, GAS and SSI. In contrast, the stocks with the highest net sales were VRE, GMD, NKG, VSC, PVT, DRC, PAN, VCI, CTG ..