6PM Call: Investors Worried About Distribution Phase - PV Power Update
The index remained green in most of the trading time while the majority of stocks did not show positive results. This contrary movement was did not remain till the end of today’s session when the selling pressure was pushed up. VNIndex turned down more than 1.5 points. At that time, ROS suddenly went to the ceiling and helped index to reduce the rate of decrease. At the end of the session, the index fell 0.57 point. The HNXIndex also experienced a similar movement and closed down 0.42 point. The liquidity in two exchanges increased significantly compared to the recent average. However, it is clear that investors were not excited with this signal. Foreigners were net sellers on HSX but strong net buyers on HNX with over VND309 billion, coming from net purchase of 4.3 million shares of NTP, equivalent to more than VND323 million.
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