Securities am 17/6: Leading the "train wreck"

Aggressive investors exit the market cut losses, especially in the stock rose sharply ..

Bottom fishing activities is not enough to make a difference. HSX is still owned by the seller


Information gasoline prices unexpectedly rose last week contributed to the downward trend accelerated during the first session of the week. Aggressive investors exit the market cut losses, especially in the stock rose sharply.

15 stocks gain most liquid trading this morning on HSX is the only reference BVH stand, remaining 1% to touch down on the floor. A series of leading shares increased during the past such as REE, PPC, DRC, CSM, ITA, HSG, PET, HAR declined very sharply. PPC is the biggest drop, with the floor lying down 6.69%. REE, DRC, CSM, HSG, PET are down nearly 3% or more.

Actual reduction takes place on the HSX market and also recorded significantly narrow width with 19 floors and 142 losers code, only 5 and 22 limit-gainers. However, most focus on liquidity has increased dramatically the last code showing profit taking or stop loss order to exit the market is going up in this group. The salvage rate does little good trading strategy is that extreme price decline very sharply.

VN-Index closed the morning session down 1.07% compared to the reference, VN30-Index lost 1.34%. Both stocks are closely pause in the lowest score.

Downtrend place full this morning. After the first few transactions span continuous trading session the indexes remain above reference, the decline began to increase sharply in the last 30 minutes of the session. Sideways slightly below the reference extends from 10h to 11h broken by the large stock sharply declined. VNM, VIC weakened significantly after 10h and especially VCB - single pillar supporting HSX also weakened.

During the time between sessions HSX passes, VCB alone against the reduction of the other major stocks, especially stocks hot. Reference VCB 30,600 dong to 31,400 dong at 10.30 and walked through until 11pm, equivalent to 2.61% compared to the reference. But the last 30 minutes VCB has narrowed only a 1.31% increase.

This increase of VCB and stability of MSN +1.02% is not enough to compensate for VNM, VIC, GAS and numerous blue-chips such as CTG, HAG, HPG, FPT, GMD, HSG, OGC, VSH VN30 ... In total there are 23 losers. Actual width of the HSX has narrowed since the first decline lasted until 10am. Then decline is the increase in the reduction of large stocks. The prices of stocks are mostly small cap, illiquid.

VN-Index stood at 503.6 points, quite close to 500 psychological level. However, the VN-Index scores depend heavily on large stocks. If this code stops down the index likely remain above 500 points, whereas the index fell below 500 may become easier if VCB, MSN does not have the capacity to support more.

Unknown selling pressure this morning has affected transactions from foreign investors or not, but this group of investors are still buying strong at BVH, CSM, DPM, GAS, HPG, VCB, VIC.

The Hanoi market fluctuations HSX not much different, although there are some great code to office. HNX-Index fell 1.16% and HNX30-Index fell 1.84%. Basketball HNX30 appear only few gainers notable as PVS, PVL and VCG. PVS pretty good deals, rising 1.16% compared with the reference. This increase was also much weaker. There has been increased to 3.49% at PVS. VCG also narrowed significantly increased, from 4.55% to 0.76% compared to the reference.

The width of the HNX also negative with code 13 floors, 107 losers and 7 cap stocks, 48 ​​stocks rose. Basketball HNX30, the main motivation of HNX also 22 losers. Particularly in the presence of reduced group of ACB, SHB, USD, SCR, BVS, KLS ... well enough "ensure" to the score plummeted.

Given the relatively large discounts, liquidity has two floors significantly improved. HSX joints 754.9 billion, up 36% from last week. HNX joints 255.5 billion, an increase of 33%. Liquidity increased mainly due to joint buyers at very low prices. Still have not seen strong bottom fishing activities in the stock clear. Mainstream market place a one-way transaction by the seller to keep pace.