After yesterday's vibrant trading session on March 4, investors quickly returned to a cautious state, the cash flow in and out was cautious, making the market quite balanced. After a period of struggling, selling pressure suddenly increased at the end of the session, causing the market to sink into red.
VN-Index closed session 5.3 down 7.2 points at 1,304. Liquidity remains high as trading value on HOSE reaches over VND 22,200 billion. Foreign investors are still less active as they are net selling at VND376 billion in the whole market.
The notable point of today's trading session is that VIB shares recorded a "huge" trading volume of foreign investors. Foreign investors have handed over more than 127 million VIB shares by agreement in today's trading session, worth more than VND 2,600 billion. These stocks currently account for about 4.26% of VIB's equity.
Liquidity under the matching method also skyrocketed with more than 18 million VIB shares matched, worth more than 380 billion VND. VIB's stock price today fluctuated slightly, most of the time standing at the reference price of VND 21,100/share.
For stocks in the Bamboo Capital ecosystem, the selling pressure has not shown any signs of stopping with BCG and TCD, although the bottom-fishing demand for opportunities is still operating quite well, but like salt leaving the sea with too much supply, it is likely due to counterfeit pressure.
Most recently, Bao Viet Securities Company (BVSC) announced information about the sale of collateral of customers who are major shareholders. Accordingly, BVSC will sell 15 million BCG shares - Bamboo Capital Joint Stock Company related to Mr. Nguyen Ho Nam. The expected trading period is from March 3 to March 31, 2025. The transaction method is to match orders or agreements.
In a similar move, another securities company, KIS, also announced the sale of 5 million BCG shares of Mr. Nguyen Ho Nam from March 3, 2025. In the market, BCG shares continued to be sold strongly "on the buying side" in session 5.3. The floor price decreased to VND 4,650/share, the floor price surplus reached nearly 53 million units. Not only BCG, the group of stocks surnamed Bamboo Capital is also in a state of strong selling.
Mr. Tran Hoang Son, Market Strategy Director of VPBankS Securities, said that in the first period of the year, the VN-Index may continue to increase and have some reps to 1,300 points, such as 1,310 points or a little more. However, VN-Index may adjust again soon after. Because, despite a lot of positive information and good growth in many industry groups, liquidity has not been able to ensure a strong growth rate.
Regarding information, investors need to wait for more news about credit growth or upgrading scenarios. Therefore, the most active period may be after the second quarter, from July to September, the upgrade factor will activate and help the index surpass the 1,300-point threshold more strongly.
