6PM Call: Market lost main drivers, VNindex fell underneath 1,200 points - Updated on TCM
Bank stocks continued yesterday momentum and played the main roles in driving the market from the beginning of the day. However, sign of cautiousness was obvious as there was just nearly VND 1,400 Bn trading value on both exchanges till 9:45 am. Quickly after that, selling pressure came strongly and dragged the market down. VIC (-2.9%) faced relentless profit-taking pressure. Despite the efforts of some banking stocks like BID (+2.5%), VCB (+0.9%), HDB (+3.9%) and PNJ’s bouncing back after 6 consecutive decreasing sessions, VNindex still closed in the red, downed to 1,198 points. Foreign investors net bought VND 84 Bn on both exchanges today, of which HDB accounted for more than VND 190 Bn and rose to VND 50,600/share – the all-time high.
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