The "FLC" stock price increased dramatically from the first minutes of the session. FLC reached VND 3,570/share with the volume reaching more than 18.4 million units. The outstanding volume of purchased shares is more than 4.5 million shares.
Similarly, AMD, HAI, KLF and Art were also in purple. It is worth mentioning that today's positive developments contrast the information that FLC and HAI will officially have their compulsory trading suspended from tomorrow, September 9.
The stock market today, September 8, is completely dependent on individual pillars. Leading up was MSN up 2.68% and contributing more than 1 point to the general index. Next were SAB and NVL, both helping VN-Index get 1 more point.
On the other hand, the banking group is showing a "heavy capital" performance when contributing up to 7/10 codes to reduce the index. According to experts, the credit room expansion has not met expectations, making "king" stocks less attractive. VCB, MSB, BID, HDB all decreased by more than 2%.
Deep adjustment is still present in securities and electricity stocks. The red color was everywhere as most stocks fell above 2%. Similarly, GEX electricity shares plummeted by 5.04% and fell through the trend line created from June 2022 to present.
Selling pressure gradually eased as investor sentiment stabilized after yesterday's shocking 34-point session. At the end of the session on September 8, the VN-Index lost 8.57 points, or 0.69% to 1,234.6 points. HNX-Index and UPCOM-Index decreased by 0.67% and 0.08%, respectively.
Liquidity on HOSE "evaporated" up to 29% compared to the previous session to 14.4 trillion VND. The trading value of the whole market decreased to VND 16.7 trillion.
The decline in cash flow shows that the seller is stagnant and the buyer is not willing to act much. Thus, the VN-Index has broken through two important support lines, MA20 and MA100. Tomorrow's session on September 9 will decide whether MA50 will continue to be retained, thereby determining the market trend in the coming time.
The positive point is that foreign cash flow has re-entered the market after 7 consecutive sessions of net selling. Foreign investors today net bought more than VND 74 billion on HOSE, focusing on HPG, DGC and NLG. They also net bought on HNX and UPCOM VND1.8 billion and VND5.4 billion, respectively.
