The ‘domestic’ cash flow holds the stock market

Although the market has recovered in the trading week of November 21-25, experts see that the cash flow in the market is still speculative – come quickly, go quickly. The market still lacks the motivation to return the cash flow, and cannot expect a big “uptrend” span.

VN-Index spent the week of November 21-25 struggling with many sessions of fluctuation within a large range. Thanks to the demand in the last sessions of the week, the main index recovered and closed November 25 at 971.46 points, equivalent to an increase of only 2.13 points (+0.22%) compared to the previous week. there.

As Nhadautu.vn mentioned, foreign investors on HoSE continued to boost their net buying for the whole week with a net buying value of 1,612 billion dong. This is also the 3rd week in a row they are net buyers.

In contrast to foreign investors, statistics from Fiin Trade showed that individual investors net sold 1,697 billion dong on HoSE, only for order matching, they sold 1,555 billion dong. This is also the 3rd week in a row that they net sold stocks on HoSE, with a total sale of more than 14,252 billion dong.

Before that, domestic individual investors net sold 5,555 billion dong the week of November 7-11; and sold more than 7,000 billion dong next week 14-18/11.

Mr. Do Bao Ngoc – Deputy Director of Kien Thiet Securities JSC acknowledged: “Given the size of the account, the strong net selling of individual investors in recent times has affected the market. The adjustment of the stock market due to the adjustment of interest rates by the Fed and many central banks around the world, the Russia-Ukraine war, the prosecution of senior business leaders, etc. have negatively affected the psychology of investors. Not to mention, the fact that individual investors use margin and do not manage risks well has led to the sale of mortgages, even cross margin calls.”

Therefore, despite foreign investors’ continuous net buying and the market recovering somewhat, individual investors with pessimism still sold strongly.

However, Mr. Ngoc also saw the bright spot that the net selling momentum of domestic investors in the week of November 21-25 has decreased significantly compared to the previous week (1,555 billion dong compared to the week of November 7-11, was 5,555 billion dong. ; VND 7,000 billion for the week of November 14-18). Some industry groups recovered and were net bought by individual investors. Accordingly, the demand mainly focused on real estate with nearly VND 372 billion, although this group decreased by 2.43% in the past week.

However, Mr. Ngoc also noted: “The market in general still lacks motivation for the cash flow to return, can’t expect to have a big “uptrend”. According to my observation, the money flow still comes fast, goes fast and brings a lot of money. speculativeness”.

According to Chemistry/Investors