VN-Index had a spectacular escape for the second time in a row, gaining strongly at the end of the session

Opening session this morning (April 27), stock market The domestic market fluctuated negatively when stocks of many industry groups dropped below the reference level.

The largest market capitalization groups such as real estate, banking, oil and gas, securities… also dropped simultaneously. SAB down 3.5%, TPB down 3%, VHM down 2.6%, GAS down 1.8%…

At the time of 9:38, VN-Index decreased by 20.64 points (1.54%) to 1,320.7 points. In the VN30 group, there were only 2 green tickers, HPG and BID, the rest were all in red.

After that, bottom-fishing demand appeared, helping the market narrow down the downtrend somewhat. At 9:55 am, VN-Index dropped 13.83 points (1.11%) to 1,326.55 points. In the VN30 basket, there were 3 gainers and 27 losers.

In the middle of the morning session, market movements did not have many highlights. The VN-Index is still fluctuating within a drop of 14-16 points.

The morning session closed with red covering the whole market. VN-Index dropped 21.23 points (1.58%) to 1320.11 points. UPCom-Index also fell 0.39% to 100.76 points and only HNX-Index remained in green with an increase of 0.71% to 347.61 points.

Market liquidity was low with order matching value of less than VND 10,000 billion. This morning, foreign investors turned to be net sellers of 330 billion on HoSE.

In the afternoon session, although most of the time was in red, in the last few minutes of the day, the demand suddenly increased, helping the market reverse and increase strongly. A series of stocks in the real estate and construction groups gained to the limit such as HBC, DIG, CEO, QCG, ITA, DPG, TDH… The seafood group also traded quite positively with many codes closing to the ceiling such as AAM, ACL , ANV, CMX, IDI, VHC.

On the other side, some big stocks like FPT, BVH, DCM, DPM, VNM, PNJ… dropped at the close.

At the end of the trading day, VN-Index increased by 12.43 points (0.93%) to 1,353.77 points. The whole HoSE had 299 gainers, 123 losers and 58 standstill stocks. VN30-Index traded less actively when it only increased by 5.13 points (0.37%) to 14,02.03 points.

The HNX-Index also increased 11.92 points (3.45%) to 357.09 points. UPCom-Index increased 0.22 points to 101.37 points.

However, today’s liquidity was very low with the trading value of all 3 exchanges reaching nearly 17,000 billion dong. After the recent series of net buying sessions, foreign investors turned to be net sellers of 270 billion dong, selling focused on VND, DXG, DIG…

Thus, today is the second day in a row that the market recovered spectacularly towards the end of the session. Yesterday (April 26), VN-Index had a surprising reversal, from the drop of nearly 50 points in the morning session, it increased strongly by more than 30 points at the end of the day.

Before the sharp decline of the stock market in recent sessions, Minister of Finance Ho Duc Phuc pointed out specific reasons.

According to the Minister, in the world, increasing inflation pressure has caused major central banks to tighten policies, and most notably, the US Federal Reserve (FED) has raised interest rates after 3 months. five.

At the same time, the Russia-Ukraine conflict situation increases the risks for the recovery economy especially when the price of energy, input material prices increase sharply, etc.

That has affected many stock markets around the world, causing many markets to drop sharply.

Vietnam stock market was no exception when selling pressure gradually increased at the end of the first quarter and corrected sharply since the end of March after a long period of continuous increase.

In addition to the external macro impacts, the stock market is also partly psychologically affected when the authorities and management agencies strictly handle cases on the stock market and individual corporate bonds.

Therefore, the Vietnamese stock market’s sharp decline was partly similar to the general decline in the world, for example, during a sharp drop (more than 68 points) on April 25, major markets in the world also fell. very deep point.

Besides, the correcting pressure after a long uptrend and the cautious sentiment in the market before single incidents caused the market to fluctuate strongly in the downward direction.

“The recent actions to strictly handle violations in the stock market and individual corporate bonds are just isolated incidents that only have an impact on the market’s sentiment in the short term.

The resolute handling of violations may affect investor sentiment in the short term, causing the market to slow down, but it is an effort to make the market grow more transparent and sustainable.”, affirmed the Minister.