Entering the trading session on July 16, pressure still occurred widely, causing the electronic board to continue to be red right from the opening, this is also the end-of-term session for derivatives. At the end of the morning session, VN-Index decreased by more than 16 points. The market diễn biến in the afternoon session caused a big surprise. In the early afternoon, the general index decreased more sharply, nearly 25 points from the reference level. However, bottom-fishing cash flow appeared immediately afterwards.
This helped the VN-Index reverse direction and closed the session on July 16 at the threshold of 1,804.3 points, corresponding to the highest level of the day. Market liquidity has somewhat improved with nearly 20,900 billion VND across the market, the transaction value has been significantly higher than the recent average. Note that high liquidity in the derivative maturity session is not a regular occurrence.
Foreign investors continued to prioritize selling goods, but the net selling value decreased to about 26 billion VND. In addition to PNJ, foreign investors also focused on selling SSI, FPT, VPB or CTG. In the opposite direction, three codes were net bought over hundreds of billions including VIC, ACB and VHM.
However, the market fell into a "green shell, red heart" situation when HoSE had 152 declining stocks, more than 134 increasing stocks. Selling pressure focused on the construction - materials, resources, retail, oil and gas group... Meanwhile, real estate and securities had a more positive development.
Especially in the real estate group, the pair VIC increased by 2.76%, VHM increased by 5%, bringing a large number of points to the market. For VN-Index alone, VIC and VHM contributed 9.95 points and 6.13 points respectively.
Also in the trading session on July 16, NVL shares of No Va Real Estate Investment Group (Novaland) had a spectacular comeback. After under pressure to decrease by more than 3% in the morning session, this code suddenly reversed sharply from the beginning of the afternoon session, in sync with the recovery momentum of VN-Index at the technical support zone MA200.
Bottom-fishing demand increased rapidly, helping NVL to increase to the ceiling price and close at 12,650 VND/share, 6.75% higher than the reference price. Liquidity also exploded with more than 24 million shares traded, while at the end of the session there were still more than 2 million shares left to buy at the ceiling price.
Meanwhile, PNJ shares continued to receive another declining session to near the floor price due to strong selling pressure. At the end of the session, PNJ returned to a price of VND 40,900/share, a decrease of 6.3%. PNJ shares today had liquidity of more than VND 600 billion, of which foreign investors continued to net sell nearly VND 148 billion. The current plunge has caused PNJ shares to lose nearly 35% of market price. Accordingly, the capitalization of the leading jewelry industry enterprise was also blown away by nearly VND 11,400 billion, causing PNJ to lose its position as a billion-dollar company.
