Stocks drop after the holiday

Distribution pressure soon caused the indexes to sink in red. VN-Index’s recovery was “stopped” when the index quickly dropped below reference level after opening hour, at one point dropped by nearly 15 points, but the amplitude was promptly narrowed before lunch break. thanks to quite good demand in Midcap and SmallCap groups.

(Illustration image – Photo: Labor)

On the contrary, strong selling pressure came from large-cap codes, VN30 recorded 18/30 stocks that dropped and ended the session losing more than 13 points.

In which, banking and real estate stocks led the way down. TCB, STB lost from 2.5 – 3.2%… NVL, KDH, VRE decreased from 1.5 – 1.9%. However, the correction was not too negative during this period, because from the lowest price range, stocks also had a few recovery sessions and can now be considered to be temporarily moving sideways, while the demand is still high. rekindle appeared.

Petroleum stocks had another good recovery session with many gainers simultaneously. GAS, PLX to PVC, PVS were all positive with a large margin. The impact of world oil prices in the first quarter helped revenue and profit of some businesses increase higher than the same period last year. However, the majority are still very cautious with their business plan this year, with challenges coming from the energy transition trend, fluctuations in the price of petroleum products, increasing renewable energy sources and reducing deposits. gas for electricity production.

Cash flow this morning (May 4) also focused on shipping and seafood stocks with a series of gainers, the driving force probably also comes from the bright revenue and profit picture of many businesses in the region. in the first quarter of the year when export activities recovered strongly. Notably, there are shipping enterprises that have completed more than half of the profit target for the whole year.

VN-Index temporarily closed the morning session down 5.16 points to 1,361.64 points. Liquidity was low with more than 300 million shares traded with a value of more than 8,000 billion dong.

HNX-Index also decreased slightly by 1.65 points to 364.18 points. More than 46 million shares were traded, equivalent to a value of more than 960 billion dong.

* Invite readers to watch programs broadcast by Vietnam Television on TV Online and VTVGo!