VN-Index continued to correct in the trading week from July 12-16. Most of the stocks fell at the same time, in which, the banking group put great pressure on the indexes when they recorded 25/26 decliners. Market liquidity dropped sharply compared to the previous week, the average matched volume was only 720 million shares/session (down 21%), matched value was at 20,900 billion dong (down 26.5%).
Transactions of individual domestic investors continue to cause certain difficulties for investors and is also one of the most pressured subjects in the country. According to data from FiinPro, domestic individual investors continued to net sell more than 1,672 billion dong on HoSE and mainly through order matching, down 14% from the previous week. This is also the 3rd consecutive week of net selling of this capital flow with a total value of nearly 4,000 billion dong.
Domestic organizations net sold 661 billion dong, down 4.1% from the previous week, this is also the 9th consecutive week of net selling of this capital flow with a total of 9,014 billion dong.
Foreign investors’ transactions were still the bright spot of the market when they bought a net 2,333 billion dong on HoSE – this is also the 3rd consecutive week of net buying of this capital with a total value of 8,245 billion dong.
BIDV Securities (BSC) believes that the market can still correct at the beginning of next week before a stronger recovery appears.
Yuanta Securities Vietnam (YSVN) thinks that the market may correct in the first few trading sessions of the week and VN-Index continues to struggle in the range of 1,264 – 1,300 points.
Some notable international information:
Closing on July 16, Dow Jones, Nasdaq and S&P 500 all fell. The Dow Jones Industrial Average fell 299.17 points, or 0.86%, to 34,687.85. The S&P 500 fell 32.87 points, or 0.75%, to 4,327.16. Nasdaq fell 115.9 points, or 0.8%, to 14,427.24. At the end of the week, the S&P 500 fell 1%, the Dow Jones fell 0.5%, the Nasdaq fell 1.9%. This was the first decline in four weeks for all three indexes.
Ending the session on July 16, Brent oil futures rose 12 cents, or 0.2%, to $73.59 per barrel. WTI oil futures rose 16 cents, or 0.2%, to $71.81 a barrel. Closing the week, Brent oil prices fell 2.6%, the biggest weekly drop since the week ending May 14. WTI oil prices fell 3.7%, the biggest weekly drop since the week ended March 14.
Source: ndh.vn – Translated by fintel.vn